Global markets retreat on trade uncertainty and upcoming testimony from Jerome Powell.
Shares of energy company Tullow Oil sank Wednesday, dragging the FTSE 250 midcap index south, while the main FTSE 100 was weighed by banks and property companies.
UK-listed companies are at risk of falling short of a government-backed target for at least a third of executive leadership positions to be filled by women by the end of next year. The Hampton-Alexander review found the proportion of women in the more than 20,000 senior leadership positions in FTSE 350 companies it monitors had increased this year to 28.6 per cent from 27 per cent in 2018. “There are over 900 women now serving on FTSE 350 boards, providing an ever-increasing pool of women with substantial board experience,” said Denise Wilson, the review’s chief executive.
European stocks are dropping Wednesday after President Donald Trump failed to give clear signals on the status of trade talks with China.
European stocks fell on Wednesday, a day after President Donald Trump failed to offer any clarity over the rollback of tariffs against China, and raised concerns that Europe wasn’t out of the woods over an auto tariff hike.
European markets fell in morning trading after comments from President Donald Trump knocked previous optimism that the global trade picture was improving. Mr Trump threatened to escalate the trade war with China in a speech last night, and said US tariffs on Chinese goods would be “raised very substantially” if no truce was reached with officials in Beijing.
SSE has booked a £489.1m exceptional charge against its household energy supply business in Britain, which it is in the process of selling to rival Ovo, as the unit continued to lose customers in the first half of its financial year. The FTSE 100 company said SSE Energy Services, as the retail business is formally known, had total customers of 6.15m in Britain as of September 30, down from 6.48m at the same point in 2018. This is expected to occur early next year if UK competition authorities decide not to launch an in-depth investigation.
Trump comments on trade and caution ahead of Powell’s testimony to Congress later today leaves the futures in the red early on…
Global markets edge higher as traders await a key speech from U.S. President Donald Trump.
STOCKSTOWATCHTODAY BLOG Trading on Tuesday began quietly as investors awaited a lunchtime speech from President Donald Trump on trade policy. After the violence in Hong Kong that sparked Monday’s stock decline, global equity markets were a little higher in overseas trading.
The information company said first-half revenue jumped 7% to $2.5 billion, partly because of its consumer services business, and narrowed its full-year guidance. Experian’s stock has climbed 28% this year, outperforming the U.K.’s FTSE 100, which has edged up 9%. Stronger demand for the data that Experian crunches for corporate lenders seeking to mitigate risk and consumers monitoring their credit scores, has helped the shares higher.
European stocks edged higher on Tuesday ahead of a critical speech on China trade relations from President Donald Trump, supported by generally well-received earnings.
The U.K. unemployment rate in the three months to September edged down to 3.8%, while employment fell by 58,000, the Office for National Statistics said. Average weekly earnings slowed to 3.6% from 3.8%. Jobless claims rose 33,000 in October. Economists polled by FactSet expected a 3.9% unemployment rate, a 22,500 rise in claims and 3.8% growth in earnings.
U.S. equity futures edged higher Tuesday, while global stocks traded firmly in positive territory, as investors awaited a key speech from President Donald Trump that could define his administration's position on U.S.-China trade talks and a long-simmering dispute over auto tariffs with the EU.
By Geoffrey Smith
Economic sentiment figures from Germany and the Eurozone will provide direction, along with any further chatter on trade…
Germany is expected to fall into a recession following the release of its GDP figures on Thursday. Yahoo Finance's Tom Belger joins Brian Sozzi from London to discuss the overseas markets.
Global markets fall as trade hopes fade and Hong Kong protests threaten to impede global financial markets.
The British pound shot higher on Monday, after Brexit Party leader Nigel Farage said his party won’t contest seats captured by the ruling Conservative Party in the last election.
Demand for defensive stocks helped European shares recover from early losses on Monday as investors grappled with issues ranging from violent Hong Kong protests to an inconclusive Spanish election and weak data from China. After falling nearly 0.5% at one point, the pan-European STOXX 600 index closed flat, helped by a turnaround in bank shares and gains for sectors considered safer bets during times of economic uncertainty, such as food and beverage and real estate. London's FTSE 100 led declines among the major regional indexes with a 0.4% drop, while stocks in Frankfurt fell 0.2% and Paris rose 0.1%.
U.K. GDP grew 0.3% in the third quarter, the Office for National Statistics said Monday. The year-over-year growth of 1% was the slowest since the first quarter of 2010. Economists polled by FactSet expected 0.4% quarterly growth. The British pound traded at $1.2799 after the GDP data release.
Boeing propelled the Dow to a record high, but US stocks were otherwise under pressure with investors still racked by uncertainty over trade talks and as political tensions in Hong Kong flared up. Activity on Wall Street was subdued owing to the Veterans Day holiday, with equities trading but the Treasury market closed. The S&P 500 fell 0.2 per cent, while the Nasdaq Composite eased 0.1 per cent lower coming off their record highs on Friday.
The U.K. economy narrowly avoided slipping into recession last quarter, according to data published Monday, but weak growth is likely to continue as the country continues to grapple with its Brexit challenges and a deadlocked electorate.
Investing.com -- The British pound surged on Monday as Brexit Party head Nigel Farage said his party won't contest any seats currently held by the Conservative Party at the general election on Dec. 12. The move increases the chances of the Conservative Party gaining a majority at the polls, and consequently implementing the EU withdrawal agreement secured last month by Prime Minister Boris Johnson.
Investing.com -- The escalation of violence in Hong Kong over the weekend has cast a pall over European stock markets on Monday, reinforcing a “risk-off” move that was already underway thanks to comments from the U.S. playing down the chances of a mutual reduction in import tariffs with China.
The futures markets are pointing to a bearish start to the day as market jitters over trade dominate…
It’s a big week for the markets. UK politics and trade are in focus on the geopolitical front, with the RBNZ also in action. Stats will also influence.
How an impending German recession can be tied back to global trade.
While economic data had some impact, progress on trade drove demand for the Dollar, which left the rest of the majors in its tracks…
The European majors found strong support as sentiment towards trade improved over the week. A late pullback limited the upside, however…
Yahoo Finance's Brian Sozzi, Alexis Christoforous and Jared Blikre discuss the latest market action with Sevens Report Founder Tom Essaye and PIMCO Portfolio Manager Erin Browne on The First Trade.
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, Jared Blikre join PIMCO Portfolio Manager Erin Browne and Sevens Report Founder Tom Essaye to discuss the economy on The First Trade.
Thursday’s Bank of England meeting led to more downside in GBP/USD as policymakers surprised the markets by putting a larger focus on downside risks in the markets.
Uncertainty about the fate of the trade negotiations between the United States and China kept markets on their toes on Friday, with European stocks benchmarks mimicking their Asian peers and retreating from the previous session's highs. Overnight on Wall Street, the Dow and S&P 500 reached record closing highs on hopes of a truce to end the damaging tariff war but a Reuters report that the White House opposed aspects of a tentative deal limited the day's gains. "The trade deal is the predominant driver", for markets at the moment said Lars Kreckel, global equity strategist at Legal & General Investment Management, noting that this morning dip in market was a just knee-jerk reaction to the latest news on the U.S.-China front.
By Geoffrey Smith
Trade data out of Germany and corporate earnings are in focus, with trade data out of China to set the tone earlier in the day.
Global markets move higher as a Phase 1 Trade Deal draws closer. But traders are warned not to trust the global equity rally.
It will be another testy day ahead for the majors, with earnings, economic data, and sentiment towards trade providing direction.
Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks. World stock markets have rallied on a scaling-back of recession bets amid rising optimism about a U.S.-China trade deal this month and as global business surveys indicate tariff-hit manufacturing sentiment has troughed. France's benchmark 10-year bond yield turned positive on Wednesday for the first time since July, in a further sign that entrenched pessimism in world bond markets is abating.
With the futures markets signaling red, the Eurozone economic calendar will need to provide support later today.
European stocks traded near four-year highs on Tuesday, with market attention still focused on the prospect of a U.S.-China trade deal.
The global stock market is rallying today after reaching a 21-month high. Yahoo Finance's Tom Belger joins Alexis Christoforous and Brian Sozzi from London to discuss what's behind the surge.
It’s another busy week ahead. Geopolitics will certainly test risk appetite early on, with earnings, the BoE and RBA, and economic data in focus.
A particularly busy week saw the major indexes make gains, while the Dollar suffered following the FED’s 3rd rate cut in a row.
Turnover of CEOs at FTSE 100 companies is on pace for an all-time record in 2019, with 14 bosses having left or announced plans to leave their posts so far this year.
European markets are expected to open broadly higher on Wednesday with investors appearing to brush off escalating trade tensions between the U.S. and China.
European stocks are set to open lower Tuesday morning after the Trump administration decided to impose 10 percent tariffs on $200 billion worth of Chinese imports.
European stocks are set to open lower Monday morning, amid renewed fears over an escalating trade war between the world's two largest economies.
European stocks are set to open higher Friday morning, after an expectedly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.
Equity indices across Europe are expected to open lower on Thursday morning ahead of several central bank meetings.
Bourses in Europe are set to open mixed Wednesday morning, as investor sentiment is dented by new tensions between the U.S. and China surrounding trade.
Markets in Europe are poised to start Tuesday's trading on a higher note, continuing the positive momentum seen in other global markets.
Shares in Europe are poised to start the week on a lower footing amid ongoing concerns over global trade.
European shares are expected to open slightly higher on Friday morning, but investors remain cautious amid new trade threats.
Stocks in Europe are set to open slightly lower on Thursday amid ongoing concerns over emerging markets and potential new U.S. tariffs on China.
European stocks are set to open lower Wednesday morning, as renewed fears over international trade conflicts limited investor appetite for riskier assets.
European stocks are set to open lower Wednesday morning, after emergency austerity measures in Argentina underscored the recent turbulence in emerging markets.
European stocks are set to open slightly lower Monday morning, amid heightened concerns of an escalating trade war between the world's two largest economies.
European stocks are set to open lower Friday morning, amid heightened fears of an escalating global trade war between the world's two largest economies.
European stocks are set to open slightly lower Thursday morning, as investors continue to monitor global trade talks.
European stocks are set to open slightly higher Wednesday morning, as investors continue to monitor global trade developments.
European stocks are set to open higher Tuesday morning, with risk appetite boosted by news of an agreement between the U.S. and Mexico to overhaul the North American Free Trade Agreement (NAFTA).
European stocks seen mixed ahead of a key speech by Jerome Powell, the chair of the U.S. Federal Reserve.
Stocks in Europe are expected to open lower Thursday morning after Beijing implemented new retaliatory tariffs against the United States.
European stocks are set to open lower Wednesday morning, as investors continue to monitor trade talks between the world's two largest economies.
European stocks are set to open lower Tuesday morning, as comments from President Donald Trump weigh on the dollar and test market optimism ahead of U.S.-China trade talks.
European stocks are set to open mixed Monday morning, with investors awaiting the outcome of trade talks between the world's two largest economies later this week.
European stocks are set to open slightly lower Friday morning, after news the U.S. and China have agreed to hold their first trade talks since June next week.
Bourses in Europe are expected to open higher Thursday morning following news that China has accepted an invitation from the United States to talk trade in late August.
The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period.
Shares in Europe are expected to start Wednesday's trading a touch higher as concerns over the Turkish currency crisis continue to affect investors' appetite.
European stocks are expected to open in the black Tuesday morning as concerns over Turkey's economic woes eased.
European stocks are set to open lower Monday morning, as investors monitored renewed trade tensions and a deeper slide in the Turkish lira.
European stocks are set for a mixed open Thursday morning amid a deepening U.S.-China trade dispute and a flurry of corporate earnings.
European futures traded mixed in premarket trade Wednesday, amid investors keeping a close eye on Brexit developments and corporate earnings.
European futures traded slightly higher in premarket trade Tuesday, as investors kept a close eye on trade tension and earnings.
European stocks are set to open higher Monday morning, amid a backdrop of renewed trade tensions.
Stocks in Europe are set to begin Friday's trade higher by a comfortable margin.
European markets are set for a negative open Thursday morning, while the Bank of England is expected to raise interest rates despite uncertainty over what Brexit could mean for the U.K. economy.
European bourses are set to begin trade on Wednesday in negative territory.
Major European bourses are set to open in the red by a slim margin on Tuesday ahead of a slew of data and corporate releases.
European markets are set to begin the week on the back foot, with all major bourses expected to open in the red.
European markets are expected to begin Monday’s session on a negative note, mimicking weaker trading in markets overseas.
Shares in Europe are poised to open lower Friday following remarks from President Donald Trump about the Federal Reserve.
European shares are set to start Thursday’s trading session on a mixed note, as investors await further corporate results and digest political events.
European shares are set for a strong open on Wednesday carrying on the positive sentiment that kickstarted on Wall Street.
Stocks in Europe are poised for a mixed open Tuesday as investors await further corporate results and remarks by Federal Reserve Chairman Jerome Powell.
European shares are expected to open mostly higher Monday as investors focus on earnings and monitor an upcoming meeting between the United States and Russia.
European stocks are set to open higher Friday morning, tracking overnight gains on Wall Street amid elevated expectations of strong U.S. earnings.
European stocks are set to open higher Thursday morning, as markets consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured investor sentiment.
European shares are poised for a lower open Wednesday morning after U.S. authorities unveiled a new list of Chinese products that could see new tariffs.
Markets in Europe are poised to start Tuesday’s trade on a higher note as investors focus on upcoming corporate earnings and put trade and political tensions aside.
European equities are expected to start the trading day higher as investors monitor developments on trade and react to news that the U.K.’s chief Brexit negotiator has resigned from his post.
European stocks are set to open lower Thursday morning, with market players in a state of anxious uncertainty ahead of a U.S. deadline to impose tariffs on Chinese products.