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Market updates
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FTSE 100 makes a positive start to the new week
February 08, 2022 01:52 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market has made a strong start to the new week and the major indices are trading in green ignoring the inflation worries. The blue-chip FTSE 100 index was up by 0.55% in the late hours of trade on Monday. Casino and gambling s...
S&P, Nasdaq rise after Amazon.com Inc (AMZN) earnings, jobs report
February 05, 2022 09:53 AM AEDT| By Team Kalkine MediaThe S&P 500 index and Nasdaq Composite closed in the green, while Dow Jones marginally declined on Friday, February 4, after Amazon’s strong earnings and positive jobs report. The S&P 500 rose 0.52% to 4,500.53. The Dow Jones fel...
UK markets tread water, energy stocks gain
February 05, 2022 03:41 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock markets were showing a cautious move on the last trading day of the week. FTSE 100 has modestly entered in green towards the last leg of the trade, led by energy stocks like Shell Plc (3.13%) and BP Plc (2.83%) following the r...
US stocks close in red after Meta (FB) rout, Zuckerberg loses US$29 bn
February 04, 2022 10:00 AM AEDT| By Versha JainBenchmark US indices closed in the red on Thursday, February 3, after Mark Zuckerberg-led Meta Platforms, Inc lost roughly US$200 billion in market value in a massive stock rout. Shares of other tech companies, such as Amazon.com, Google, and Spotif...
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BoE’s rate hike drags market lower
February 04, 2022 02:10 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market trades marginally in red on Thursday after the announcement of the interest rate hike by the Bank of England (BoE). The bank rate has been increased by 25 basis points to 0.50%, with five committee members voting in fav...
UK stock market moves up ahead of interest rate decision
February 03, 2022 01:41 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock markets have extended their gains on Wednesday. The blue-chip FTSE100 index is up by 0.75%, while the mid-cap focused FTSE 250 index was higher by 0.88%. Copper mining group Antofagasta Plc (-4.81%) was among the top los...
FTSE 100 holds on to early gains led by mining stocks
February 02, 2022 02:13 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market shedding the last session’s cautiousness, moved higher on Tuesday. The gains were led by the mining and related stocks like Fresnillo Plc (4.93%), Anglo American Plc (3.84%), Antofagasta Plc (3.72%) following upbe...
FTSE 100 makes a cautious start to the crucial week
February 01, 2022 02:01 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market has made a cautious start to the new week. The blue-chip FTSE100 index is down by 0.02%. Investors and traders are on the sidelines ahead of the Bank of England’s policy meeting, which is set to take place on Thur...
FTSE 100 loses momentum, drops over 1%
January 29, 2022 02:03 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market lost momentum on the final day of the week and, after three consecutive days of gains, turned lower with the benchmark index, FTSE100, declining by around 1.4%. OCADO Group Plc was the top loser (-6.86%) after the Germa...
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FTSE 100 shrugs off US rate hike jitters, gains over 1.2%
January 28, 2022 01:53 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock markets have shrugged off the US Fed rate hike jitters and have added gains on Wednesday. FTSE 100 has gained over 1.20%. The major support is coming from the banking stocks like Standard Chartered Plc (5.15%), HSBC Holdings P...
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FTSE 100 bounces back supported by banking stocks
January 26, 2022 03:54 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market has made a bounce back on Tuesday, covering some lost ground from the last session’s plunge. The benchmark FTSE100 index is up by 0.78%, led by the banking stocks. The major banking stocks were amongst top gainers...
UK stock market sell-off extends to the new week
January 25, 2022 01:51 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market extended the fall on Monday, tracking the global weakness of equities. The blue-chip FTSE100 index has lost around 1.4%. The housebuilding and mining stocks have been the major contributor to the fall. There has been ca...
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UK stocks suffer sell-off, FTSE 100 slumps by 1.30%
January 22, 2022 01:45 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market has suffered a sharp sell-off, trading down by 1.30%, and is on track to close the week in negative territory. Omicron’s impact on the retail segment has taken its toll on the market today. The Office for National...
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US stocks retreat for third straight day on inflation woes
January 21, 2022 09:31 AM AEDT| By Versha JainUS stocks closed in a sea of red on Thursday, January 20, as investors paused their bullish bets amid mixed signals from the economy. The S&P 500 fell 1.10% to 4,482.73. The Dow Jones declined 0.89% to 34,715.39. The NASDAQ Composite was down 1....
FTSE 100 reverses some last session gains on profit-taking
January 21, 2022 03:11 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market showed a mixed trend with the blue-chip FTSE 100 index down by 0.16%, while the mid-cap focused FTSE 250 index up by 0.11%. FTSE100 listed oil & gas stocks like Royal Dutch Shell Plc (-2.44%), and BP Plc (-1.95%) ha...
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US stocks edge lower as technology, financial sectors slip
January 20, 2022 08:35 AM AEDT| By Rupam RoyBenchmark US indices drifted lower at the close on Wednesday, January 19, dragged down by losses in technology and financial sectors amid a choppy trading session. The S&P 500 was down 0.97% to 4,532.76. The Dow Jones fell 0.96% to 35,028.65. Th...
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UK markets overlook 30-year high inflation data, FTSE 100 gains 0.5%
January 20, 2022 01:53 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock market overlooked the news of inflation hitting a 30-year high and moved higher. As per the Office for National Statistics (ONS) data, Consumer Prices Index (CPI) inflation surged to 5.4% in the month of December, which is the...
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FTSE 100 suffers profit-taking at a two-year high level
January 19, 2022 02:08 AM AEDT| By Sreenivas D AjankarUK Market News: The UK stock market oscillated in the negative territory for the most part of the day after a green start. The blue-chip index witnessed some profit booking after yesterday’s record close of above 7,600, a two-year high. The ind...
FTSE 100 surges past 7,600 taking cues from Asian peers
January 18, 2022 01:53 AM AEDT| By Sreenivas D AjankarUK Market News: The UK’s benchmark index, FTSE 100 has strengthened in Monday’s trading session. The blue-chip index is up by 0.77% and is up above the 7,600 level for the first time since January 2020, taking cues from the positive inves...
US stocks end mixed after gloomy economic data
January 15, 2022 08:00 AM AEDT| By Rupam RoyDow Jones retreated on Friday, January 14, dragged down by the decline in some heavyweight financial stocks after reporting their quarterly earnings results, while gains in the technology stocks fuelled gains in Nasdaq and S&P 500 index. Meanwhi...
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