|Day's range||7,012.56 - 7,070.38|
|52-week range||6,866.90 - 7,903.50|
A busy week ahead sees the BoC and ECB in action, with the Saudis joining China on the hit list and then there’s Brexit and Italy to consider.
Britain’s economy is strong, stocks are inexpensive relative to those in the U.S., and when the Brexit drama passes, the pound sterling should rise.
With U.K. and EU officials at an impasse over the thorny issue of the Irish customs border, there is still no clarity on what will happen post-divorce. A soft Brexit with a clear outline for future economic ties remains most investors’ base scenario, once the day arrives. The EU is now aiming for a December summit to complete an agreement, though an earlier meeting is still possible, a government official told Bloomberg News.
Dividend futures on the FTSE 100 have outperformed Britain’s equity benchmarks and bonds, as well as similar derivatives from major developed markets this year. Forecasts for distributions to shareholders over the coming year are at the highest since 2005, according to data compiled by Bloomberg. Unlike cash equities, dividend futures have the benefit of delivery by a fixed date.
BHP Billiton, the world’s largest miner, has said it is on track to meet its target for women to make up half of its workforce by 2025, following a 40 per cent increase in the number of female staff over the past two years. The miner, which shocked the male-dominated industry when it introduced the target in 2016, said it has launched a host of initiatives to boost the hiring of women and allow more flexible working across its 26,000-strong workforce. “I believe we’ll get there and we’re on track,” Athalie Williams, chief people officer at the Anglo-Australian company, said.
on Brexit, amid rising expectations that the timetable for finalising an exit deal could slip into December. Instead of confronting her cabinet by trying to force through agreement on a Brexit withdrawal treaty ahead of the European Council — originally billed as a key moment in the negotiations — Mrs May has left important issues unresolved.
Telecoms outperformed, with Deutsche Telekom AG up 2.3 percent and BT Group Plc up 2.1 percent. Last week’s sell-off across the globe sank European equities as investors rotated out of equities amid rising bond yields following the U.S. Federal Reserve’s latest rate hike and amid the brewing U.S.-China trade conflict. The market pull-back has prompted some investors to shift toward value sectors, such as telecoms.
FT subscribers can click here to receive Market Forces every day by email. One of the most important aspects of directing any action or thriller movie is making sure you give the audience a chance to recover from a big shock. An opening scene replete with explosions or drama is followed by a notable moderation in pace, a temporary breather before the next bout of rising action.
Shares in medical equipment maker ConvaTec fell more than 35 per cent on Monday after it cut its growth forecast and announced the immediate retirement of its chief executive. It was the second profit warning in 12 months for the company, which was squeezed out of the FTSE 100 last year. A change in inventory policy and in expected ordering patterns by the biggest customer of its infusion devices business — which supplies manufacturers of insulin pumps for diabetes — would hit revenues by between $18m and $23m.
BAE Systems led the FTSE 100 fallers amid scrutiny of its dealings with Saudi Arabia, which provides about 16 per cent of the defence contractor’s annual revenue. Growing unease over the disappearance ...
It’s deadline day for countries to submit draft 2019 budgets to the European Commission, with Italy likely to garner the most attention from investors. Bank of America reports third-quarter earnings and investors will be looking at what the bank plans to do next after hitting its cost-cutting and efficiency targets. US retail sales, which edged up 0.1 per cent in August, the smallest rise since February, are expected to record a gain of 0.6 per cent in September, led by automobile sales.
, buckle up, the rollercoaster ride has only just started for investors. Much of the consternation reflects the pressure in three major parts of the financial system: US bond yields, oil prices and China’s currency, the renminbi. What links them are the policy stances of the Trump administration regarding the US economy, Iran and China.
Wall Street staged a rebound on Friday afternoon to end a turbulent week on a more positive note, with US technology stocks enjoying their biggest one-day gain in more than half a year. The US stock market started Friday on the front foot, only to sag lower and threaten to end in the red for a seventh day running. Citi’s stock rebounded 2.1 per cent.
Friday 21.00 BST US stocks rallied into the weekend in an extremely choppy session, following a turbulent few days that saw concern over higher interest rates drive the S&P 500 down to levels not seen ...
FT subscribers can click here to receive Market Forces every day by email. Market corrections are messy, particularly when they begin by taking the elevator down rather than the stairs. The Russell 2000 index has entered a correction, defined as a drop of 10 per cent from its record closing peak set at the end of August.
Imperial Brands and British American Tobacco were the FTSE 100’s sharpest fallers on renewed concerns about a US regulatory crackdown. The Food and Drug Administration said yesterday it had sent letters ...
What does the chart show? Stock markets experienced a sharp sell-off this week as investors’ jitters about rising interest rates and the potential end to a decade-long run of performance for global stocks ...
Douglas Flint will be looking forward to taking the reins as chairman of Standard Life Aberdeen , with the announcement of his appointment said to be only weeks away. The former HSBC chairman has been ...
The FTSE is down less than 6 percent in the same period. Prior to this month, LSE Group had been one of the FTSE’s best performers in 2018. LSE’s LCH unit is the biggest clearing house in the world for interest rate swaps, a type of derivative that helps companies hedge interest rate risk.
Britain’s biggest online brokerage Hargreaves Lansdown has warned that market uncertainty and “weak” investor sentiment has caused an industry-wide slowdown. The FTSE 100 company said on Thursday that ...
Investing.com – U.S. futures were lower on Tuesday, as rising bond yields continued to put pressure on equities.The S&P 500 futures fell 12 points or 0.42% to 2,881.50 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 113 points, or 0.43%, to 26,431.0. Meanwhile tech heavy Nasdaq 100 futures decreased 31 points, or 0.43%, to 7,360.25.The yield on the benchmark United States 10-Year note reached a fresh seven-year high of 3.261%, while the United States 30-Year note climbed to a four-year peak of 3.44%. ...
In commodities, gold futures slumped 1.34% to $1,189.50 a troy ounce while crude oil futures dipped 0.86% to $73.70 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.30% to 95.60.
Investing.com - U.S. futures pointed to a lower open on Wall Street Monday, as rising bond yields and increasing interest rates made equities less attractive to investors.The S&P 500 futures fell 7 points or 0.25% to 2,886.75 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 87 points, or 0.33%, to 26,405.0. Meanwhile tech heavy Nasdaq 100 futures decreased 26 points, or 0.35%, to 7,410.0.U.S. bond markets are closed for Columbus Day but stock markets are open. Still, trading volumes were expected to be thin, with most banks and federal agencies closed for the holiday. ...