Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: Miners help propel FTSE 100 to new record high
- London's FTSE 100 reached an all-time high on Thursday, with gains driven by mining stocks as investors shrugged off Donald Trump's recent tariff announcements.
- The UK stock market demonstrated resilience and a risk-on attitude, according to Dan Coatsworth of AJ Bell.
- Mining stocks climbed due to Trump's copper tariff announcement and improving China sentiment for iron ore prices.
- Anglo American, Glencore, and Rio Tinto saw significant gains.
- European equities were mixed, with the CAC 40 in Paris closing up 0.3% while the DAX 40 in Frankfurt ended down 0.4%.
- Stocks in New York were also mixed, with the Dow Jones Industrial Average and S&P 500 index up, while the Nasdaq Composite was down.
- The pound and euro were lower against the US dollar, while the dollar was slightly lower against the yen.
- British American Tobacco rose 3.0% after a 'buy' rating from Citi, and IAG advanced 2.1% following positive results from Delta Air Lines.
- Legal & General gained 0.2% after announcing a private credit partnership with Blackstone.
- WPP rallied 1.1% after appointing Cindy Rose as its new CEO.
- Land Securities and PageGroup were among the top fallers on the FTSE 100.
- Vistry's update showed progress, but RBC Capital Markets and Jefferies highlighted the need for continued improvement.
- Brent oil prices fell, while gold prices rose.
- The biggest risers and fallers on the FTSE 100 are listed.
- Friday's economic calendar includes UK GDP and industrial production figures, along with French CPI.
LONDON MARKET MIDDAY: Record-setting FTSE 100 shines on tariff hope
- European stock prices rose on Thursday, with the FTSE 100 and DAX reaching record highs, despite ongoing tariff developments and Trump's daily tariff updates.
- AJ Bell analyst Dan Coatsworth attributed the positive risk sentiment to investors viewing Trump's tariff announcements as "noise and not facts," with many of his decisions subject to change.
- The EU aims to strike a deal with the US to avoid sweeping tariffs, while Trump announced a 50% tariff on US copper imports.
- Miners and healthcare shares boosted the FTSE 100, with Anglo American, Rio Tinto, and AstraZeneca leading the gains.
- Jupiter Fund Management acquired CCLA Investment Management, a UK-based asset manager focused on non-profit organizations, for GBP100 million.
- Hostelworld reported weaker half-year profit and flat revenue, attributing it to deflation in European bed prices and cost inflation.
- The pound, euro, and yen strengthened against the dollar, while the yield on US Treasury notes eased.
- Oil prices dipped, while gold prices rose.
LONDON BROKER RATINGS: Jefferies cuts Landsec and British Land
- 10th Jul 2025 09:48
- The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:
- FTSE 100
- JPMorgan raises Antofagasta price target to 2,500 (2,400) pence - 'overweight'
- Goldman Sachs raises Lloyds price target to 82 (81) pence - 'neutral'
- Barclays cuts WPP price target to 400 (550) pence - 'underweight'
- UBS cuts WPP price target to 410 (485) pence - 'sell'
- Deutsche Bank cuts WPP price target to 550 (740) pence - 'buy'
- RBC raises Schroders price target to 435 (390) pence - 'outperform'
- Jefferies cuts Segro price target to 693 (744) pence - 'hold'
- Jefferies cuts LondonMetric price target to 219 (230) pence - 'buy'
- Jefferies cuts Land Securities to 'underperform' (hold) - price target 492 (556) pence
- Berenberg cuts Whitbread price target to 3,500 (3,900) pence - 'buy'
- RBC raises Next price target to 13,200 (13,000) pence - 'outperform'
- JPMorgan raises Entain price target to 1,040 (940) pence - 'neutral'
- FTSE 250
- Jefferies cuts Shaftesbury price target to 166 (171) pence - 'buy'
- Jefferies cuts Great Portland price target to 315 (322) pence - 'hold'
- Jefferies cuts Hammerson price target to 203 (205) pence - 'underperform'
- Jefferies cuts British Land to 'underperform' (hold) - price target 298 (364) pence
- Jefferies cuts Grainger price target to 267 (280) pence - 'buy'
- Jefferies cuts Derwent London price target to 1,802 (1,868) pence - 'hold'
- Jefferies cuts Sirius Real Estate price target to 104 (106) pence - 'buy'
- Jefferies cuts Big Yellow price target to 1,092 (1,184) pence - 'buy'
- Jefferies cuts Workspace Group price target to 500 (530) pence - 'buy'
- Jefferies cuts Supermarket Income REIT price target to 73 (75) pence - 'hold'
- Jefferies cuts Target Healthcare REIT to 'hold' (buy) - price target 99 (100) pence
- Jefferies raises Helios Towers price target to 186 (185) pence - 'buy'
- RBC raises Aberdeen Group price target to 140 (130) pence - 'underperform'
- Jefferies cuts Harbourvest Global Private Equity to 'hold' (buy)
- Goldman Sachs cuts Man Group price target to 255 (260) pence - 'buy'
- Jefferies cuts Wizz Air price target to 950 (1,350) pence - 'underperform'
- Goldman Sachs cuts WH Smith price target to 1,325 (1,370) pence - 'buy'
- Berenberg raises Tate & Lyle price target to 620 (600) pence - 'hold'
- Barclays starts Baltic Classifieds with 'overweight' - price target 400 pence
- SMALL CAP, AIM AND OTHER MAIN MARKET
- JPMorgan places Flutter on 'positive catalyst watch'
- JPMorgan raises Flutter price target to 27,100 (26,800) pence - 'overweight'
- Deutsche Bank raises Rank Group price target to 157 (127) pence - 'buy'
- Barclays raises Jet2 price target to 2,150 (2,100) pence - 'overweight'
- JPMorgan raises AIB price target to 6.60 (6.40) EUR - 'neutral'
- JPMorgan raises Bank of Ireland target to 11.20 (10.30) EUR - 'underweight'
- Berenberg raises everplay price target to 400 (380) pence - 'buy'
- Barclays raises everplay price target to 435 (310) pence - 'overweight'
- RBC cuts Diaceutics price target to 185 (195) pence - 'outperform'
- Berenberg cuts Mobico price target to 35 (66) pence - 'hold'
- Jefferies cuts NewRiver price target to 87 (89) pence - 'buy'
LONDON MARKET OPEN: FTSE 100 and DAX 40 power to record highs
- European equities started Thursday on a positive note, with London's FTSE 100 and Frankfurt's DAX 40 reaching record highs, buoyed by optimism surrounding a potential EU-US trade deal.
- The FTSE 100 surged by 1.0%, while the FTSE 250 and AIM All-Share also posted gains.
- Miners Anglo American, Rio Tinto, and Glencore supported the ascent of the FTSE 100, with significant surges in their stock prices.
- Hope for a US-EU trade deal has been a supportive factor for European equities, as the EU aims to avoid sweeping tariffs.
- The pound, euro, and yen experienced fluctuations in value against the US dollar.
- Asian markets showed mixed results, with the Nikkei 225 losing 0.4% while China's Shanghai Composite and Hong Kong's Hang Seng Index posted gains.
- President Donald Trump announced a 50% tariff on US copper imports, effective August 1, 2025, citing national security concerns.
- Trump also unveiled plans for a 50% tariff on Brazilian goods, criticizing the trial of former President Jair Bolsonaro.
- Tariff rates ranging from 20% to 50% were announced for several countries, including Algeria, Libya, the Philippines, and Brazil.
- Swissquote analyst Ipek Ozkardeskaya commented on the market's resilience despite the tariff tensions, noting that trade developments are becoming the "new normal."
- The US Treasury yields for 10-year and 30-year bonds showed a slight decrease from the previous day's figures.
- In New York, the Dow Jones, S&P 500, and Nasdaq Composite all posted gains, with Nvidia being the standout performer, ending 1.8% higher.
- Minutes from the Federal Open Market Committee's June meeting revealed a cautious approach to tariff risks, with most participants noting the potential for persistent effects on inflation.
- Back in London, Jupiter Fund Management's acquisition of CCLA Investment Management drove its stock up by 10%.
- Grafton fell by 7.6% after reporting a slowdown in trading momentum from mid-May to June.
- Macfarlane, a packaging firm, expects a 10% decrease in adjusted operating profit in 2025 due to economic uncertainties and weaker demand.
- The US initial jobless claims reading is expected later on Thursday.
LONDON MARKET EARLY CALL: FTSE 100 set to climb amid US-EU deal hope
- London stocks are expected to open higher on Thursday, with the FTSE 100 poised to reach a record high, despite ongoing tariff uncertainties.
- The CAC 40 and DAX 40 are also predicted to open higher, supported by hopes of a US-EU trade deal.
- The FTSE 100's opening price of 8,900 points would bring it close to its best-ever level of 8,908.82 points, achieved in March.
- President Donald Trump has announced a 50% tariff on US copper imports, effective August 1, and plans to impose tariffs on Brazilian goods, citing the "Witch Hunt" trial of ex-leader Jair Bolsonaro.
- Trump has also released a set of letters to trading partners, including the Philippines, Brunei, Algeria, Libya, and Iraq, outlining tariff rates as part of Washington's push for trade deals.
- Federal Open Market Committee minutes revealed that most members are inclined to cut rates this year, acknowledging the potential temporary or modest impact of tariffs on inflation.
- Oxford Economics analyst Nancy Vanden Houten forecasts the Fed to maintain rates until December, citing a resilient economy and labor market that can withstand tariff-related price increases.
- On Thursday, economic data includes US initial jobless claims, while water utility Severn Trent is due to release a trading update.
All Market News Today 556 headlines
MTO
14:26
Mitie Group PLC
PHP
14:09
Primary Health Properties
ESP
14:07
Empiric Student Property Plc
SPT
14:04
Spirent Communications plc
ETL
12:01
Eutelsat Group
SEC
08:58
Strategic Equity Capital Closed Fund
FGEN
06:01
Foresight Environmental Infrastructure Limited
IGET
06:01
Invesco Perpetual Select Trust plc - Global Equity Income Share Portfolio
