British investment bank Barclays Plc reported on Thursday a loss per share of 4.2 pence in the first fiscal quarter of 2018, compared to earnings per share of 1.3 pence in the same period last year. The company's revenue stood at £5.3 billion, a...
European bourses are pointing to a stronger start on the open following a late rally on Wall Street. The Dow snapped a 5-day losing streak late in the session, as strong earnings finally overshadowed US 10-year yields getting comfortable at multiyear highs.US 10 year...
Wall Street tanked on Tuesday and Asian stocks tumbled overnight, whilst the dollar rallied to a four-month high after US 10-year treasury yields hit 3%, the highest level since 2014, spooking investors. The rally in yields was in part due to rising inflation concerns...
Lloyds Banking Group has had a good start to this year after the company posted a 6% rise in underlying pre-tax profit of £2 billion for the first quarter, which was slightly below the £2.08 billion analysts were expecting.The statutory profit-before-tax jumped by 23%...
S&P 500 is the biggest index in the world. It has a combined market value of more than $23 trillion. On the other hand, the Dow Jones Industrial Average has a market capitalization of more than $6 trillion while Germany’s DAX has a market...
EuropeIt’s been a day of two halves for European equity markets today with the German DAX making a two month high, at around the same time the euro made a two month low, before retreating on the back of a rebound in the single currency in...
World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in U.S. bond yields towards the key 3 percent level stalled, while oil prices stretched to fresh highs above $75 a...
Wall Street ended mixed on Monday as tech stocks continued to lead the major indices. The S&P 500 finished flat at 2,670, with the 1.07% gain in materials offset by the 0.43% decline in the tech sector. The Dow Jones Industrial Average fell for...
European markets have had a fairly decent start this week, helped by an easing of trade tensions as well as a weaker pound, which helped propel the FTSE 100 to a two-month high, and above its 200-day MA, while the DAX is rubbing up against similar...
Europe:It’s been a fairly lacklustre start to the week for markets in Europe today, though the weak pound has helped the FTSE100 and FTSE250 push up to their highest levels since early February. An easing of geopolitical tension has also helped on the margins,...
The recovery in European markets continued last week – the fourth successive weekly gain – and while the FTSE 100 closed on its highs, there were some signs that markets in Europe were starting to look a little tired, with the DAX and Eurostoxx 50 unable...
The FTSE 100 has been given a slight boost by the dip in the pound.Sterling lost ground after a slightly dovish update from the head of the Bank of England last night. The prospect of a rate hike in the UK next month has now...
Markets in Europe closed mixed on Thursday as investors digest the latest batch of corporate earnings. Swiss pharmaceutical company Novartis and food and drink giant Nestle reported their results, as well as British-Dutch consumers goods company Unilever. In data, retail sales figures for the United Kingdom indicated a 1.2% drop in...
Stocks are mixed today as there has been to change to the global outlook.EuropeThere is has been little in the way of macroeconomic news to jolt the markets one way or another, and for now volatility is sliding.Debenhams revealed an 85% drop in pre-tax profits,...
Investors sent the main equity indexes in the US slightly higher on Wednesday after Morgan Stanley smashed expectations with its results for the first quarter, while U.S. Bancorp's diluted earnings per share jumped 17% on an annual scale. United Airlines' figures also outperformed expectations.The...
Stocks in Europe are higher this morning as the global mood starts to improve.There was a strong finish in New York last night and Asia overnight as traders focus more on corporate and economic data. While the Syrian conflict and uncertainty surrounding global trade...
US markets got a boost today from all the economic data that came out, and the USD did an about face and managed to claw back some ground on yesterday. The main driver was of course US building permits which lifted to 1.35M (1.32M...
Talking Points:Stocks closed higher once again. Fears around trade war or geopolitical concerns have faded. UK's wage data posted its best level since 2015.There is one strong force driving the equity markets higher on Wall Street - the stellar earning season. Stocks closed...
The DAX index has steadied on Wednesday, after posting sharp gains in the Tuesday session. Currently, the DAX is trading at 12,615 points, up 0.25% on the day. On the release front,  the focus is on eurozone inflation indicators. Eurozone Final CPI is expected to climb...
Associated British Foods saw first-half adjusted operating profit fall by 1% to £648 million, which was a slight miss on the previous guidance of £652 million.Revenue for the period increased by 2% to £7.422 billion.It was the same old story, with growth from Primark...
Stocks are sliding as we approach the end of the trading day.EuropeThere was a sense of caution in the morning session, but nerves have now set in for most traders. The global political situation continues to look bleak, and traders are taking cash out...
Last week, the global focus among investors was on global trade and emerging tensions in the Middle East. On trade, the rhetoric on trade war calmed after Chinese president promised to reform the country and open up the economy to foreign companies. It was...
Equity markets are broadly unchanged this morning as traders are slightly on edge after the western airstrikes in Syria over the weekend.The geopolitical situation is still taking centre stage, and investors remain tetchy. Even though the mood hasn’t soured, with no end in sight...
Stocks are mixed this morning with traders cautious about being overly long going into the weekend.President Trump’s rhetoric in relation to Syria has dialled down and this has removed some of the fear in the market, but as the situation is yet to be...
The DAX index has posted gains in the Thursday session. Currently, the DAX is trading at 12,355 points, up 0.50% on the day. On the release front, Eurozone Industrial Production disappointed with a second straight decline. The reading of -0.8% missed the estimate of 0.1%....
This morning’s news that British Airways owner IAG has taken a 4.61% stake in Norwegian Air has sent the share price of Norwegian back to levels last seen at the beginning of last year.Inevitably it has given rise to speculation that IAG might make...
Five traders from Deutsche Bank (DBKGn.DE) and Barclays (BARC.L) gamed the financial system to rip off counterparties in a four- year plot to rig benchmark interest rates, prosecutors alleged on Wednesday.James Waddington, a lawyer for the UK Serious Fraud Office (SFO), told London’s Southwark...
United States stock index futures pointed to a higher open on Monday as fears over a global trade war settle. China threatened to introduce retaliatory tariffs on US products if Washington proceeds with a proposal to impose an additional $100 billion worth of tariffs...
Friday’s steep declines in Wall Street driven by weak employment report and a war of words between U.S. & China seem to have been shrugged off in Asia trade. President Trump’s tweets are becoming a little confusing to investors. After threatening to impose tariffs...
Talking Points:Investors shaking off all those concerns. A more friendly solution could be the outcome. Q2 earning seasons is going to start this week.Investors have been nervous and remained over the edge due to the heightened tensions around the trade war between the US...