Market News Feed
AI Daily 3 entries
LONDON MARKET CLOSE: FTSE 100 down as AI worry hammers data providers
LONDON MARKET OPEN: FTSE 100 sets record as metal prices rebound
- London Stock Market:
- FTSE 100 opened higher, up 0.2% at 10,360.04, hitting a new intraday record of 10,373.28.
- FTSE 250 and AIM all-share also rose by 0.4% and 0.9%, respectively.
- Miners led gains with Endeavour Mining (+5.6%), Fresnillo (+4.8%), Anglo American (+4.4%), and Antofagasta (+4.2%) rising on metal price recovery.
- European Equities:
- CAC 40 in Paris up 0.5%, DAX 40 in Frankfurt up 1.1%.
- Currency Markets:
- Sterling rose to USD1.3684, euro slightly higher at USD1.1811, and dollar marginally up against the yen at JPY155.58.
- Commodities:
- Gold recovered to USD4,915.20/ounce, silver up 9.8%.
- Analysts noted gold’s unusual behavior, acting more like a risky asset rather than a safe-haven.
- UK Grocery Sales:
- Sales rose 3.6% year-on-year to GBP37.69 billion in the 12 weeks to January 25, 2026.
- Grocery inflation eased to 4.0%, the lowest since April 2025.
- Own label spending hit a record 52% of total grocery spend.
- Promotional spending rose 11%, full price sales up 1.7%.
- Ocado Retail (+14%), J Sainsbury (+5.3%), Tesco (+4.4%), and Marks & Spencer (+6.9%) saw sales growth.
- Asian Markets:
- Nikkei 225 (+3.9%), Shanghai Composite (+1.3%), Hang Seng Index (+0.2%), S&P/ASX 200 (+0.9%).
- US Markets:
- Dow Jones (+1.1%), S&P 500 (+0.5%), Nasdaq Composite (+0.6%) ended higher on Monday.
- Corporate News:
- Plus500 (+7.5%) led FTSE 250 after launching a US prediction markets platform.
- AG Barr (+4.8%) reported strong FY2026 performance and acquired Fentimans and Frobishers for GBP51 million.
- Hardide (+30%) on AIM after securing a USD1.0 million order, expecting better FY2026 performance.
- Oil Prices:
- Brent oil traded lower at USD65.49/barrel.
LONDON MARKET EARLY CALL: FTSE 100 to rise after record close
- FTSE 100 Outlook: Set to open 2.8 points higher at 10,344.36 on Tuesday, extending Monday's record close of 10,341.56.
- Currency Movements: Sterling rose to USD1.3695, euro to USD1.1815, and the dollar weakened to JPY155.36 against the yen.
- US Strategic Reserve: President Trump announced a USD12 billion reserve of rare earth elements and critical minerals to reduce reliance on China, funded by USD10 billion from the US Export-Import Bank and USD2 billion from private investors.
- US Jobs Report Delay: January jobs report postponed until the partial government shutdown is resolved.
- Partial Government Shutdown: Began Saturday due to Democratic demands for changes to US immigration enforcement.
- Reserve Bank of Australia: Raised cash rate by 25 basis points to 3.85%, citing persistent inflation.
- US Markets: Dow Jones up 1.1%, S&P 500 up 0.5%, and Nasdaq up 0.6% on Monday.
- Asian Markets: Nikkei 225 up 3.9%, Shanghai Composite up 1.2%, Hang Seng up 0.3%, and S&P/ASX 200 up 0.9% on Tuesday.
- Commodities: Gold rose to USD4,885.40/ounce, Brent oil slightly lower at USD65.94/barrel.
- UK Corporate Calendar: Half-year results from Alumasc and Filtronic.
- Global Economic Calendar: Spanish unemployment data and UK Worldpanel grocery market share figures.
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