Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: FTSE 100 up but US markets slip on soft GDP data
- The FTSE 100 closed higher on Wednesday, while US markets fell after weak economic growth data.
- The FTSE 100 index closed up 0.4%, the FTSE 250 advanced 0.4%, and the AIM All-Share gained 1.4%.
- In Paris, the CAC 40 ended 0.4% higher, and Frankfurt's DAX 40 rose 0.2%.
- On Wall Street, the Dow Jones, S&P 500, and Nasdaq Composite traded lower.
- The US economy contracted in the first quarter of 2025 due to surging imports and a decrease in government spending.
- GDP decreased at an annual rate of 0.3% in Q1 2025, according to an initial estimate from the Bureau of Economic Analysis.
- US private sector employment rose by 62,000 jobs in April, much lower than expected.
- ING pointed out the limitations of the Federal Reserve's actions amid economic contraction and elevated inflation.
- Looking ahead, Kallum Pickering at Peel Hunt warned of a potential US recession, but also noted the possibility of a rebound in net trade.
- In London, investors weighed earnings from GSK, Barclays, Smith & Nephew, and Glencore, among others.
- Brent oil and gold traded lower on Wednesday, while several European financial markets were closed for Labour Day.
LONDON MARKET MIDDAY: Stocks up as earnings come "thick and fast"
- London stock prices rose on Wednesday, with the FTSE 100, 250, and AIM All-Share indices all posting gains.
- Eurozone GDP rose faster than expected in the first quarter, according to Eurostat data.
- GSK's upbeat performance boosted the pharmaceutical sector, while Glencore led the large-cap laggers.
- In European equities, the CAC 40 and DAX 40 also rose, while Ireland's harmonised CPI accelerated.
- Microsoft pledged to boost its European presence and protect European data, despite US-EU tensions over Big Tech regulations.
- Asian markets closed mixed, with the Nikkei 225 and S&P/ASX 200 up, while the Shanghai Composite and Hang Seng index fell slightly.
- Brent oil and gold prices quoted lower at midday in London.
- Upcoming economic releases include Canada's GDP data and multiple US indicators such as GDP, ADP unemployment, and Chicago PMI.
LONDON BROKER RATINGS: DZ Bank raises BP, HSBC cuts THG
- FTSE 100
- Deutsche Bank cuts DCC to 'hold' (buy) - price target 5,500 (6,000) pence
- DZ Bank raises BP to 'hold' (sell) - fair value 360 (405) pence
- Barclays cuts BP price target to 525 (650) pence - 'overweight'
- Goldman Sachs cuts BP price target to 480 (530) pence - 'buy'
- RBC cuts BP price target to 450 (480) pence - 'sector perform'
- Goldman Sachs raises Associated British Foods price target to 2,400 (2,200) pence - 'neutral'
- Barclays cuts Associated British Foods price target to 2,200 (2,300) pence - 'equal weight'
- Deutsche Bank cuts Associated British Foods price target to 2,220 (2,275) pence - 'hold'
- JPMorgan cuts Associated British Foods price target to 2,215 (2,250) pence - 'neutral'
- Goldman Sachs cuts Beazley price target to 960 (991) pence - 'buy'
- Barclays raises Relx price target to 4,450 (4,275) pence - 'overweight'
- Barclays raises Pearson price target to 1,250 (1,245) pence - 'equal weight'
- Barclays cuts Informa price target to 840 (930) pence - 'overweight'
- Bank of America cuts HSBC price target to 960 (1,035) pence - 'buy'
- Goldman Sachs cuts HSBC price target to 966 (1,005) pence - 'buy'
- UBS raises HSBC price target to 870 (820) pence - 'neutral'
- Jefferies cuts Halma price target to 2,140 (2,200) pence - 'underperform'
- FTSE 250
- HSBC cuts THG to 'hold' - price target 27 pence
- JPMorgan cuts THG price target to 30 (45) pence - 'underweight'
- Barclays cuts ITV price target to 75 (80) pence - 'equal weight'
- Barclays cuts Future price target to 945 (1,205) pence - 'overweight'
- Jefferies raises Plus500 price target to 3,550 (3,300) pence - 'buy'
- Jefferies cuts Helios Towers price target to 183 (186) pence - 'buy'
- SMALL CAP
- Berenberg starts Galliford Try with 'buy' - price target 470 pence
- Deutsche Bank cuts Jet2 price target to 2,180 (2,385) pence - 'buy'
- Barclays cuts Reach price target to 79 (90) pence - 'equal weight'
- Barclays cuts everplay price target to 310 (320) pence - 'overweight'
- Jefferies cuts GB Group price target to 350 (425) pence - 'buy'
LONDON MARKET OPEN: Stocks up; Smith & Nephew leads with revenue rise
- London stock prices opened higher on Wednesday, with the FTSE 100, FTSE 250, and AIM All-Share all posting gains.
- UK house price growth slowed in April, with an annual rate of 3.4% and a monthly decrease of 0.6%.
- Nationwide Chief Economist Robert Gardner attributed the softening to changes in stamp duty and predicted a slight softening in the coming months.
- Smith & Nephew led the large-caps with a 4.6% gain after reporting a 1.6% increase in first-quarter revenue.
- Glencore fell 4.2% despite mostly unchanged 2025 production guidance, as copper production decreased significantly in the first quarter.
- Genus soared 23% in the FTSE 250 after receiving US FDA approval for its gene-edited pig product for the US food supply chain.
- Strix jumped 9.7% on AIM after releasing its 2024 results, with adjusted revenue and profit ahead of market consensus.
- Celadon Pharmaceuticals dropped 23% due to delays in receiving funds under its secured credit facility.
- European equities were mixed, with the CAC 40 down 0.2% and the DAX 40 up 0.7%.
- Germany's Social Democratic Party approved a coalition with Friedrich Merz's conservative bloc, paving the way for a new government.
- China praised its ties with the EU, highlighting mutual benefits and stability for the global economy.
- French GDP grew by 0.1% in the first quarter of 2025 compared to the previous quarter, with an annual growth rate of 0.8%.
- Asian markets were mostly positive, with gains in Tokyo, Hong Kong, and Sydney, while Shanghai posted a slight loss.
- Wall Street ended higher on Tuesday, with the Dow, S&P 500, and Nasdaq all posting gains.
- Brent oil and gold prices were quoted lower on Wednesday.
- The economic calendar for Wednesday includes inflation data from Ireland and Germany, as well as US GDP figures.
LONDON MARKET EARLY CALL: Stocks down but tariff change lifts mood
- London stocks are predicted to open slightly lower on Wednesday due to Donald Trump's decision to reduce tariffs on carmakers.
- The FTSE 100 is expected to open 2.7 points down, despite closing 0.6% higher on Tuesday.
- Trump's new policy includes a 25% tariff on imported cars and steel, impacting the automotive industry.
- Sterling and the euro are both trading lower against the US dollar, while the dollar gains against the yen.
- Wall Street saw gains on Tuesday, with the Dow, S&P 500, and Nasdaq all ending the day higher.
- Asian markets are mixed on Wednesday, with the Nikkei and ASX posting gains, while the Shanghai Composite and Hang Seng index dip.
- Gold and Brent oil prices are down from Tuesday's figures.
- Barclays and Aviva are in the corporate spotlight on Wednesday, with results and an AGM respectively.
- The US and Europe have key economic data releases scheduled for Wednesday, including personal consumption, GDP, and consumer price index figures.
All Market News Today 771 headlines
IRSH
17:29
IRSH
IRSH
16:14
IRSH
SHED
15:09
Urban Logistics Reit PLC
GLDA
15:01
GLDA
SHED
14:11
Urban Logistics Reit PLC
IGN
13:36
IG Group Holdings PLC
IDS
13:20
International Distributions Services PLC
DLG
13:08
Direct Line Insurance Group plc
IDS
13:06
International Distributions Services PLC
HSBK
12:47
Halyk Bank of Kazakhstan Joint Stock Company
DFI
09:59
Dairy Farm International Holdings Limited
FWT
09:12
Foresight Solar & Techn VCT PLC Foresight Williams Tech Shares
87FZ
08:33
AECI Ltd
TTE
06:17
TotalEnergies SE
THAL
06:13
Thalassa Holdings Ltd
DAL
06:01
Dalata Hotel Group plc
IGN
06:01
IG Group Holdings PLC
FGEN
06:01
Foresight Environmental Infrastructure Limited
NBPE
06:01
NB Private Equity Partners Ltd
0R3T
06:01
UBS Group AG
0RPR
05:31
Ringkjoebing Landbobank A/S
AI 0 headlines
Acquisitions 3 headlines
Agreement 0 headlines
Approvals 1 headlines
Authorisation 0 headlines
Awards 0 headlines
BTC 0 headlines
Blockchain 0 headlines
Breakthrough 0 headlines
BuyBack 0 headlines
Cancellations 0 headlines
CashOffer 0 headlines
Collaborate 0 headlines
ContractWin 0 headlines
Covid-19 0 headlines
Deals 0 headlines
Diamond 0 headlines
DirectorDealing 19 headlines
SHED
15:09
Urban Logistics Reit PLC
SHED
14:11
Urban Logistics Reit PLC
Discovery 0 headlines
Exceeded 0 headlines
FCA 0 headlines
FDA 0 headlines
Grants 0 headlines
InvestmentPlan 0 headlines
JV 0 headlines
Launch 0 headlines
Litigation 0 headlines
NewContract 2 headlines
Offers 4 headlines
FWT
09:12
Foresight Solar & Techn VCT PLC Foresight Williams Tech Shares
Offtake 0 headlines
Orders 0 headlines
Partner 2 headlines
Patents 0 headlines
Placing 4 headlines
Positive 0 headlines
Proposals 1 headlines
Reports 62 headlines
87FZ
08:33
AECI Ltd
THAL
06:13
Thalassa Holdings Ltd
0R3T
06:01
UBS Group AG
0RPR
05:31
Ringkjoebing Landbobank A/S
Results 62 headlines
IRSH
16:14
IRSH
DFI
09:59
Dairy Farm International Holdings Limited
IGN
06:01
IG Group Holdings PLC