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FTSE analysis: Disparity between UK and European stocks grows larger
HSBC and Glencore shares drop on disappointing earnings, although the overall positive appetite for global stocks and China’s latest efforts to shore up its stock market keeps the FTSE’s downside limited, as attention turns to the upcoming earnings results from Nvidia after the close.
FTSE outlook: UK stocks underperform again but future may be brighter
FTSE continues to underperform European and US markets, with new records or multi-year highs set for mainland European indices after S&P crossed 5K. Yet the FTSE was lower again. Still, UK stocks are at “record cheap” levels ahead of busy week of data.
FTSE analysis: UK index looks to buck EU market weakness as oil climbs
Disappointing Eurozone data put some pressure on European indices on Thursday morning, following the sizeable rally in Europe and US the day before. This saw major European indices drop sharply this morning, led by a 2% fall in Spain’s Ibex. But the FTSE was holding its own relatively better, as rebounding crude oil helped to fuel a rally in energy stocks.
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FTSE analysis: UK CPI gives stocks much-needed boost
CPI-related gains mostly given back by the FTSE, but expectations of a sooner-than-expected BoE rate cuts have been re-ignited, which could encourage dip-buyers. Indeed, technical analysis suggests bullish trend is well and truly underway for FTSE. Meanwhile, London-listed energy stocks could find support from crude oil, now up for 6th day.
Stocks extend rally despite China concerns
Highest number of daily Covid cases have been recorded in China.
Pound, FTSE unimpressed by fiscal statement
Tax hikes are going to chock any chances of economic growth that there might be...
FTSE falls as optimism fades
UK investors more worried about a deteriorating global economy, than are hopeful about the US and other central banks easing rate hikes
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