FTSE 100 opens lower, heads below 7,900, but Rolls-Royce flies high By Proactive Investors

1 month ago Investing.com UK

At 9.00am the FTSE 100 was at 7,905.98, down 24.65, or 0.31% although the jumped to 19,855.01, up 174.72 points, or 0.89%. No wonder stocks are under pressure when the 1yr Treasury note yields more than 5.1%, its highest in 22 years. Looking ahead, Rolls-Royce forecast operating profit between £0.8bn to £1bn in 2023 with free cash flow of £0.6bn to £0.8bn. A number of index heavyweights, including , , , , , , go ex-dividendswhich will also weigh on the Footise reducing the FTSE 100 by 20.62 points. Inflation remained “well above” the Fed’s 2% target, according to the minutes, even amid signs that inflation is declining.
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FTSE 100 stuck in negative territory, US mixed at the open By Proactive Investors

But the appointment of first, Jeremy Hunt, as chancellor, followed by a new prime minister, Rishi Sunak, has so far restored confidence in the money markets. 11.33am: Rishi Sunak confirmed as PMRishi Sunak has officially been appointed as prime minister after meeting King Charles III at Buckingham Palace. Net interest income improved to $8.58 billion from $6.61 billion, but net fee income fell to $2.78 billion from $3.32 billion. Net insurance premium income slipped to $2.66 billion from $2.72 billion and revenue decreased by 3.2% to $11.62 billion from $12.01 billion. 7.00am: FTSE 100 seen slightly higherThe FTSE 100 is set to open slightly higher on Tuesday following further strong gains in the US and as Rishi Sunak prepares to be officially appointed as prime minister.

5 months ago Investing.com UK

ECB reaffirms rate hike plans even as recession looms large By Reuters

FILE PHOTO: A view of signage outside the European Central Bank (ECB) building in Frankfurt, Germany October 27, 2022. "We will cross the neutral rate -- regardless of where anyone currently sees it -- like a runaway train," Kazimir, Slovakia's central bank chief, said. Italian inflation meanwhile soared to 12.8% in October, far outpacing expectations for 9.9% while French price growth was also well above forecasts. RECESSIONThe hawkish ECB commentary comes as a recession looks now almost certain, prompting a barrage of criticism from European leaders. ECB chief Christine Lagarde pushed back on the criticism on Thursday, arguing that breaking inflation was the ECB's chief mission and governments could help by providing targeted support for the most vulnerable.

5 months ago Investing.com UK

Musk Buys Twitter, Amazon Shocks, PCE Prices

Amazon plunges after missing forecasts for the third quarter and giving disappointing guidance for the current one. Stocks are under pressure as a result, but resilient numbers from Apple are helping to steady the ship. Musk closes Twitter deal, fires top managementElon Musk closed his $44 billion deal to buy Twitter (NYSE: ) and – according to various reports – immediately fired CEO Parag Agrawal and CFO Ned Segal. Stocks set for lower opening as Amazon weighs; consumer data dump eyedAmazon’s weak update is casting a pall over U.S. stock markets, which are set to open lower later. Exxon, Chevron post massive quarter on surging oil pricesCrude oil prices edged lower overnight but are set to end the week near their highs.

5 months ago Investing.com UK

Turkey's Baykar to complete plant in Ukraine in two years -CEO By Reuters

FILE PHOTO: Signature of Turkey's President Recep Tayyip Erdogan is pictured on a Bayraktar drone at SAHA EXPO Defence & Aerospace Exhibition in Istanbul, Turkey, October 27, 2022. REUTERS/Umit Bektas/File PhotoBy Can SezerISTANBUL (Reuters) - Turkish defence company Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years, its chief executive said on Thursday, after the company became highly renowned for their drones' success in thwarting Russian forces. The aerial drones supplied to Ukraine by Baykar were instrumental in Ukraine's defense against Russian armour and anti-aircraft systems in the first few weeks of the Russian invasion. Its Bayraktar TB2 drone gained so much prominence with the public that Ukrainians composed a song about it and some allies launched unprecedented crowdfunded campaigns to buy more. As part of an agreement between Turkey and Ukraine, signed just before Russia's Feb. 24 invasion, Baykar had agreed to build its second manufacturing plant in Ukraine.

5 months ago Investing.com UK

Inflation, China's COVID bounce, teetering crypto: what'll move markets in 2023 By Investing.com

© ReutersMS +0.92% Add to/Remove from a Portfolio CRCW 7.53% Add to/Remove from a Portfolio USDT/USD 0% Add to/Remove from a Portfolio CHNA 0.00% Add to/Remove from a Portfolio VOWG_p +1.03% Add to/Remove from a Portfolio TSLA +8.08% Add to/Remove from a PortfolioBy Geoffrey SmithInvesting.com -- First the good news: 2022, a nightmare year for both stocks and bonds, is nearly over. Now the bad news: while 2023 is likely to be better, it won’t really seem that way for a while. At least not until the great disconnect between central banks and markets over the outlook for inflation is resolved. Central banks, markets face off over inflation/recessionWithout a doubt, the overarching market theme next year will be the battle between central banks and inflation. The trouble is, markets believe that both institutions are either bluffing or have simply not thought such rhetoric through.

2 months ago Investing.com UK

FTSE 100 slightly lower, easyJet flies high and US markets expected to make a weak start By Proactive Investors

At 8.15am the FTSE 100 was up 8 points at 7,766 while the FTSE 250 rose 22 points to 19,877. In corporate news, easyJet PLC continued to fly high, adding a further 6.6% to the gains already this year after it said full-year profits would beat market expectations. Tullow Oil PLC (LON: ) was also in favour as the West Africa-focused oil producer said it expects its 2022 free cash flow at US$267mln. 7.55am: Bookings flying at easyJet, profits seen above City forecastsUpbeat trading news from easyJet PLC. Back in London and trading updates are expected from easyJet PLC and CMC Markets.

2 months ago Investing.com UK

FTSE 100 advances ahead of BoE rate call and record profits at Shell By Proactive Investors

The FTSE 100 is now around 40 points to the good with record profits from oil major Shell PLC also lifting the mood. Shell PLC remained a firm feature, up 2% after reporting record profits and a US$4bn share buy-back. 8.17am: FTSE higher with rate calls taking centre stageFTSE 100 pushed higher as investors took heart from a slower pace of rate rises in the US and awaited the latest monetary policy moves in the UK and Europe. Ahead of this, record profits from Shell PLC caught the eye. Ahead of that and trading updates are expected from two of the FTSE 100’s best known names, Shell PLC and BT Group PLC.

1 month ago Investing.com UK

FTSE 100 higher, IAG back in profit and Cineworld slumps By Proactive Investors

Footsie kicks aheadThe FTSE 100 Footise remained in fine fettle on Friday after the GfK figures showing an improvement in consumer confidence. Rolls-Royce (LON: ) sat top of the FTSE 100 risers, extending yesterday’s gains, when the engineer soared over 20%. Organic growth has continued with 7.5% like-for-like sales1 growth, within the organic revenue growth ambition of between 4% and 8%, the company said in a statement. The results came as the FTSE 100 listed airline agreed to EUR400mln to Spain's Globalia for the remaining 80% of airline Air Europa it does not already own. The early focus will be results British Airways owner, , and encouraging figures from GfK which showed a rebound in consumer confidence in February.

1 month ago Investing.com UK

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