|Day's range||7,609.81 - 7,689.67|
|52-week range||6,734.00 - 7,727.50|
Wall Street struck a trio of fresh records and the S&P 500 closed above 3,300 for the first time, boosted by tech and financial stocks and as investors remained upbeat in the wake of the US-China trade truce. Having already set numerous records this week, the S&P 500 closed 0.8 per cent higher at 3,316.81, led by a 1.4 per cent increase in tech stocks and a 1 per cent rise in industrials. The Dow Jones Industrial Average rose 0.9 per cent to 29,297.64, while the Nasdaq Composite gained 1.1 per cent to 9,357.13.
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Thursday 16 January. Please refresh for updates for UK market news from the LSE’s RNS on individual UK shares from FTSE 100, FTSE 250 and FTSE All-Share.
Whitbread, the owner of Premier Inn hotels, has warned that it will continue to be hit by a lack of business confidence outside London despite government pledges to boost regional spending. Alison Brittain, ...
Extreme weather conditions, raging bushfires and tensions with Iran have been the dominant themes making headlines. While geopolitical risks bring periodic bouts of volatility, heightened discussions on climate change may reshape the investment landscape quicker than anticipated. The climate risk is calling for sustainable investment. Eyes are now on the trade deal!
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Tuesday 14 January. Please refresh for updates for UK market news from the LSE RNS on individual UK shares from FTSE 100, FTSE 250 and FTSE All-Share.
Men still dominate the most senior roles in public life and the UK is “generations away” from achieving gender equality, according to a report published on Monday. The 2020 Sex and Power Index compiled by the Fawcett Society, a charity campaigning for gender equality, showed that women are missing from the top ranks of business, politics and law. “Despite much lip service about the importance of having women in top jobs, today’s data shows we are still generations away from achieving anything close to equality,” said Sam Smethers, chief executive of the Fawcett Society.
Investing.com -- The U.K. economy shrank unexpectedly in November, amid signs the political uncertainty surrounding the early December general election weighed on economic growth. The news is likely to increase expectations of an interest rate cut at the Bank of England's next rate-setting meeting.
Investing.com - European stock markets pushed higher at the open Monday, continuing the positive tone seen on Wall Street for most of last week as attention turned away from tensions in the Middle East and back towards global growth.
US stocks pulled back from record highs after a disappointing jobs report, concluding a week in which geopolitical uncertainty capped gains on Wall Street. Shares in real estate and utilities groups, which are considered defensive plays for equity investors, were the top performers. The Nasdaq Composite fell 0.3 per cent.
Navigating climate change the global economy’s greatest challenge (and opportunity) requires a clearer road map than “specific restrictions” on lending to carbon-intensive sectors, writes Alex Newman. A group of institutional investors has called on Barclays to phase out its financing of fossil fuel companies, in the first climate change resolution filed at a European bank. The 11 institutional shareholders, which together manage £130bn in assets, have asked the lender to publish a plan to “gradually stop the provision of project finance, corporate finance, and underwriting” to energy and utility companies that are not aligned with the goals of the Paris climate agreement.
City Insider does not endorse criminality. Travelex, whose computers have been down for more than a week, leaving many customers stranded without (rip-off) foreign currency, reassured online users that it was a matter of doing “routine maintenance” on the website (really?).
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Thursday’s tumble in Marks & Spencer Group Plc shares served as a reminder that the U.K. retailer needs to show more improvement in its turnaround to justify a flurry of analyst upgrades in recent months.The stock fell as much as 12%, the most since February 2019, and was the worst performer in the FTSE 350 General Retailers Index after holiday sales at its long-struggling clothing & home unit came in weaker than consensus estimates and the company pointed to gross margins around the lower end of its guidance.The slump comes hot on the heels of the stock’s best quarterly performance in five years. M&S shares jumped 16% in the last three months of 2019 after at least five analysts raised their recommendations following first-half earnings that showed improved clothing sales in October. The prospect of a brighter outlook for U.K. consumers after the Conservative Party’s election win in December also helped boost sentiment.Yet the stock still ended 2019 with a decline of 9.7%, a fifth straight annual drop that has reduced the company’s market value by more than half and seen M&S demoted from the FTSE 100 Index for the first time.“Today’s update is a reminder that bottom-up challenges may water down the benefit from an increasingly positive macro picture,” said James Grzinic, a Jefferies analyst with a hold rating on the shares.To contact the reporter on this story: Lisa Pham in London at email@example.comTo contact the editors responsible for this story: Beth Mellor at firstname.lastname@example.org, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
President Trump will speak to the nation about 14:00 GMT. He is expected to address the attack on the Iraqi air force base that housed U.S. military personnel.