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AI Daily 5 entries
LONDON MARKET CLOSE: European stocks sink as tech-led sell-off deepens
- Market Slump: Stocks declined on Tuesday due to heightened risk-off sentiment, tech valuation concerns, and interest rate uncertainty.
- FTSE Performance:
- FTSE 100 closed down 1.3% at 9,552.30.
- FTSE 250 fell 1.2% to 21,424.81.
- AIM All-Share dropped 1.3% to 734.47.
- Sector Weakness: Banks underperformed due to potential tax rise concerns, with HSBC (-3.4%), Barclays (-2.7%), NatWest (-2.3%), and Lloyds (-1.9%) declining.
- Top Riser: ICG gained 4.5% after Amundi acquired a 9.9% stake and reported strong half-year results, with pretax profit up 65% to GBP324.6 million.
- European Markets: CAC 40 (-1.9%) and DAX 40 (-1.7%) also slumped.
- US Markets: Dow Jones (-1.1%), S&P 500 (-0.9%), and Nasdaq (-1.3%) were lower, with Nvidia (-2.6%), Microsoft (-3.4%), Amazon (-3.1%), and Alphabet (-2.7%) declining.
- Earnings Focus: Nvidia earnings on Wednesday and nonfarm payrolls on Thursday are key events for markets.
- Corporate News:
- Crest Nicholson (-13%) warned annual profit could fall below guidance due to housing market uncertainty.
- Ocado (-16%) announced a USD50 million revenue reduction in 2026 due to Kroger closing three robotic fulfilment centres.
- Commodities: Brent oil (-USD0.36 to USD64.10/barrel) and gold (-USD11.23 to USD4,060.07/ounce) traded lower.
- Currency: Sterling weakened to USD1.3141, euro to USD1.1576, and the dollar strengthened to JPY155.44.
- Upcoming Events: UK and eurozone inflation figures, Federal Reserve meeting minutes, and earnings from British Land and Sage on Wednesday.
LONDON MARKET MIDDAY: Stocks down as US tech worry becomes "contagion"
- European Stock Decline: European markets suffered on Tuesday, with the FTSE 100 down 1.2%, FTSE 250 down 1.0%, and AIM All-Share down 1.2%, due to tech selloff contagion from the US.
- Global Market Impact: The CAC 40 in Paris and DAX 40 in Frankfurt fell by 1.3% and 1.2%, respectively, reflecting global concerns over a potential tech revaluation.
- Currency Movements: The pound fell to USD1.3143, the euro to USD1.1586, and the dollar rose to JPY155.40 against the yen.
- Japan-China Tensions: Japan warned its citizens in China to avoid crowds amid a diplomatic row over Taiwan, following Beijing's advisory for Chinese citizens to avoid Japan.
- US Market Outlook: The Dow Jones, S&P 500, and Nasdaq were expected to open lower, with tech nerves persisting.
- Nvidia Earnings Anticipation: Nvidia shares were down 1.0% pre-market ahead of quarterly earnings, with analysts noting its impact on the AI trade and global markets.
- London Tech Shares: Scottish Mortgage Investment Trust and Allianz Technology Trust fell by 1.8% and 1.9%, respectively, due to tech sector jitters.
- ICG Surge: ICG rose 5.5% after Amundi acquired a near 10% stake and reported better-than-expected half-year results.
- Crest Nicholson Plunge: Shares fell 9.9% as the company warned annual profit could fall below guidance due to housing market uncertainty.
- FirstGroup Slump: Shares dropped 13% despite increased first-half profit, due to caution over lower revenue from losing the South Western Railway contract.
- Commodity Prices: Brent crude fell to USD64.22 per barrel, and gold dropped to USD4,042.07 per ounce.
LONDON BROKER RATINGS: Oxford Instruments and On the Beach ratings cut
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- 18th Nov 2025 09:03
- The following London-listed shares received analyst recommendations Tuesday morning and on Monday:
- FTSE 100
- Deutsche Bank Research raises Kingfisher price target to 285 (280) pence - 'hold'
- Barclays raises St James's Place target to 1,550 (1,530) pence - 'overweight'
- Barclays raises Prudential price target to 1,320 (1,260) pence - 'overweight'
- Barclays raises Phoenix Group price target to 660 (600) pence - 'underweight'
- Barclays raises M&G price target to 310 (295) pence - 'overweight'
- Barclays raises Legal & General price target to 330 (320) pence - 'overweight'
- Barclays raises Hiscox price target to 1,560 (1,540) pence - 'overweight'
- Barclays raises Beazley price target to 1,090 (990) pence - 'overweight'
- Barclays raises Aviva price target to 690 (676) pence - 'equal weight'
- Barclays raises Admiral price target to 3,966 (3,660) pence - 'overweight'
- Deutsche Bank Research raises Kingfisher target to 285 (280) pence - 'hold'
- RBC starts Rolls-Royce with 'outperform' - price target 1,275 pence
- Citigroup raises Antofagasta price target to 3,300 (3,000) pence - 'buy'
- Citigroup raises Glencore price target to 440 (400) pence - 'buy'
- JPMorgan cuts Endeavour Mining price target to 4,900 (5,000) pence - 'overweight'
- FTSE 250
- Peel Hunt initiates Currys at 'buy' - 182 pence price target
- Peel Hunt cuts Oxford Instruments to 'add' (buy) - price target 2,300 (2,200) pence
- Jefferies raises Big Yellow price target to 1,200 (1,191) pence - 'hold'
- Barclays raises Lancashire price target to 710 (650) pence - 'equal weight'
- Citigroup raises Wizz Air price target to 810 (770) pence - 'sell'
- RBC cuts Genuit price target to 500 (520) pence - 'outperform'
- Berenberg cuts Genuit price target to 500 (540) pence - 'buy'
- SMALL CAP
- Barclays raises Sabre Insurance price target to 172 (162) pence - 'overweight'
- Jefferies cuts Crest Nicholson price target to 251 (254) pence - 'buy'
- Shore Capital cuts On the Beach to 'hold' (buy)
- Related Shares:
LONDON MARKET OPEN: Stocks sold off on lingering tech worry
- Global Market Decline: European stocks opened lower on November 18, 2025, following sharp falls in Asia and weak overnight performance in New York, with the S&P 500 closing below a key level for the first time in months.
- Analyst Commentary: Nigel Green of deVere Group noted a shift from unchecked AI optimism to a focus on resilience and earnings growth, emphasizing clarity in spending-to-earnings translation.
- European Indices:
- FTSE 100: Down 1.0% to 9,578.14.
- FTSE 250: Down 1.1% to 21,449.61.
- CAC 40 (Paris): Down 1.6%.
- DAX 40 (Frankfurt): Down 1.2%.
- U.S. Market Performance: Dow Jones (-1.2%), S&P 500 (-0.9%), and Nasdaq (-0.8%) all declined on Monday, with the S&P 500 closing below its 50-day moving average for the first time since April.
- Fed Commentary: Mixed signals from Fed speakers, including Governor Christopher Waller’s advocacy for a December rate cut, are weighing on risk assets.
- Asian Markets:
- Nikkei 225 (Tokyo): Down 3.2%.
- Shanghai Composite (China): Down 0.8%.
- Hang Seng (Hong Kong): Down 1.7%.
- S&P/ASX 200 (Sydney): Down 1.9%.
- Currency Movements:
- Pound: Rose slightly to USD1.3176.
- Euro: Up to USD1.1606.
- Dollar (vs. Yen): Slipped to JPY154.94.
- Commodities: Brent crude oil fell to USD63.74 per barrel, and gold dropped to USD4,024.33 per ounce.
- Corporate Highlights:
- Imperial Brands: Shares up 3.1% on 3.3% pretax profit rise; announced a 4.5% higher dividend.
- ICG: Top FTSE 100 performer (+7.3%) following Amundi’s 9.9% stake acquisition and partnership announcement; AUM surged 14% to USD124.3 billion.
- Crest Nicholson: Slumped 11% after warning annual profit could fall below guidance due to housing market challenges.
- Sector Performance: Defensive sectors like pharmaceuticals (AstraZeneca +1.2%) and consumer goods (Unilever +0.4%) outperformed, while gold miners (Fresnillo -5.6%) declined.
LONDON MARKET EARLY CALL: FTSE 100 to fall after US wobble, Asia slump
- FTSE 100 Outlook: Expected to open sharply lower on Tuesday, down 117.2 points (1.2%) at 9,558.23, following global market declines.
- Global Market Performance:
- New York: Dow Jones (-1.2%), S&P 500 (-0.9%), Nasdaq (-0.8%) closed in the red due to tech sector concerns.
- Asia: Nikkei 225 (-3.0%), Shanghai Composite (-0.9%), Hang Seng (-1.9%), S&P/ASX 200 (-1.9%) saw significant plunges.
- Analyst Insights:
- Michael Brown (Pepperstone): AI trade and Nvidia earnings in focus, causing market wobbles.
- Stephen Innes (SPI Asset Management): Asia’s decline driven by macro uncertainties, tech sector worries, and shifting fault lines in global markets.
- Currency Movements:
- GBP slightly down to USD1.3162.
- EUR largely flat at USD1.1599.
- USD slipped to JPY154.91 against the yen.
- Bond Yields: 10-year US Treasury yield narrowed to 4.10%, 30-year yield eased to 4.72%.
- Key Events:
- Nvidia earnings expected to influence global risk appetite.
- Delayed US macro data, including nonfarm payrolls, to impact December rate-cut expectations.
- Geopolitical Tensions: China-Japan tensions escalate, with travel advisories issued for citizens of both countries, impacting markets.
- Commodities:
- Brent crude oil fell to USD63.59 per barrel.
- Gold dropped to USD4,010.74 per ounce.
- UK Corporate Calendar: Full-year results expected from Imperial Brands and Diploma.
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