Latest news with #FTSE
Al Etihad
21 hours ago
- Business
- Al Etihad
Stocks consolidate after bumper week buoyed by resilient US economy
18 July 2025 20:18 London (AFP)US and European stock markets stalled or trimmed gains on Friday after a bullish week buoyed by US data and upbeat company York -- whose S&P 500 and Nasdaq Composite struck record highs on Thursday -- mainly held on to gains but made little further headway. The Dow Europe, London's blue-chip FTSE was up though just under its all-time record reached on Tuesday. Paris was flat and Frankfurt slipped a little on markets had closed higher -- except for Tokyo, which was dragged down ahead of weekend upper-house elections that could spell trouble for Prime Minister Shigeru week's strong performance in equities showed that worries -- for now -- were largely being set aside over US President Donald Trump's threats of piling on further tariffs from August 1 if governments did not agree on trade deals."With the president toning down his rhetoric, markets are quick to forget tariff risks and concentrate on the positives including a resilient US economy," Kathleen Brooks, research director at trading firm XTB, overall optimism was fuelled by data suggesting the US economy was still well, with no persuasive indication that the tariffs were pushing up inflation.A June consumer price index report released this week "does not reveal tariff-induced price increases, but a closer look shows clear signs" they could be building, said Holger Schmieding, chief economist at Berenberg Federal Reserve governor, Christopher Waller, on Thursday argued for a July rate cut, saying he saw limited upside inflation this week denied he was planning to sack Fed boss Jerome Powell, whom he had been urging to reduce US borrowing costs to further boost the world's top economy.A meeting in South Africa of G20 finance ministers on Friday pointedly stressed that "central bank independence is crucial" around the corporate news, American Express followed big US banks in reporting better-than-expected second-quarter from streaming giant Netflix also outperformed -- though its share price slipped on Friday as investors weighed whether it had been overvalued. In London, British luxury brand Burberry said sales had not fallen as much as analysts expected, "which is a sign that the company's new strategic direction could be working", said XTB's Brooks. Its shares rose nearly six percent. Stock Markets Continue full coverage
The Market Online
a day ago
- Business
- The Market Online
TSX Edges Higher on Thin Trade and Talk
Toronto futures nudged higher Friday as upbeat domestic trade figures and strong U.S. economic data lifted investor confidence. Market Numbers (Futures) TSX : Up ( 0.00%) 27,441.70TSXV: Up (0.62%%) 791.66DOW: Up (0.02%) 44,729.00NASDAQ: Up (0.06%) 23,264.25 FTSE: Down (0.007%) 8,972.00 In the Headlines: Canada and New Zealand settled their dairy trade dispute with Canada agreeing to adjust how it allocates import quotas, without giving up its supply management system. And Canada's planned ramp-up in defense spending will boost GDP by about 0.1% this year and next, but won't be enough to pull Canada out of recession. Currencies Update: (Futures) The Canadian dollar edges lower to $0.7303 U.S., strengthens slightly against the euro at $0.6242, while Bitcoin grinds higher—up nearly 1% to C$163,559.03 as crypto momentum keeps building. Commodities: (Futures) Natural Down: Up (1.33%), 3.59WTI: Down (0.30%), 67.34Gold: Up (0.57%), 3,357.66 Copper: Up (0.30%) 6.00 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
2 days ago
- Business
- The Market Online
TSX on Ice as Markets Eye Trade Deals and Corporate Data
Investors are all eyes ahead waiting for corporate news and trade updates stalling Canada's main stock index this morning. Market Numbers (Futures) TSX : Flat ( 0.00%) 27,152.97TSXV: Flat (0.00%%) 786.81DOW: Down (0.19%) 44,375.00NASDAQ: Up (0.07%) 23,093.25 FTSE: Up (0.31%) 8,953.81 In the Headlines: Canada Post's unionized workers are gearing up for a high-stakes vote on a new deal, because nothing says 'summer in Canada' like a potential mail disruption. And Zuckerberg's on trial, again, this time for turning your data into an $8 billion liability. Currencies Update: (Futures) The Canadian slips 0.56% to $0.7226 U.S., losing ground against the U.S dollar also dipping against the euro by 0.14% at $0.6261, while Bitcoin deletes 0.86% to C$162,119.55, keeping crypto traders on alert. Commodities: (Futures) Natural Down: Up (1.76%), 3.61WTI: Down (1.51%), 65.42Gold: Down (0.90%), 3,316.43 Copper: Up (0.43%) 5.96 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
3 days ago
- Business
- The Market Online
TSX Futures Stall as Inflation Jitters Take Centre Stage
TSX futures held the line Wednesday morning, stuck in neutral as traders weighed the inflation fallout from tariff threats and kept one eye locked on U.S. producer price data set to drop later today. Market Numbers (Futures) TSX : Flat ( 0.00%) 27,054.14TSXV: Down (0.48%%) 782.77DOW: Up (0.21%) 44,339.00NASDAQ: Down (0.18%) 23,015.75 FTSE: Up (0.029%) 8,963.81 In the Headlines: Canada's emergency alert system is under the microscope as the CRTC launches a public consultation to fix what many say is a dangerously broken warning system. And Trump may have found a backdoor to oust Fed Chair Jerome Powell, by weaponizing a $2.5 billion building renovation he's now calling a 'disaster.' Currencies Update: (Futures) The Canadian dollar drifts slightly lower to $0.7281 U.S., edges up 0.03% against the euro at $0.6283, and Bitcoin lights it up, surging over 1.42% or 2,200 points to C$163,268.86. Commodities: (Futures) Natural Down: Up (1.43%), 3.56WTI: Down (1.23%), 65.90Gold: Up (0.39%), 3,335.60 Copper: Down (0.32%) 5.95 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Reuters
3 days ago
- Business
- Reuters
UK stocks muted as inflation data dims interest rate cut bets
July 16 (Reuters) - London's main stock indexes were subdued on Wednesday, as a stronger-than-expected rise in domestic inflation slightly cooled bets of interest rate cuts from the Bank of England. The blue-chip FTSE 100 (.FTSE), opens new tab was up 0.2% as of 1035 GMT, while the midcap FTSE 250 index (.FTMC), opens new tab was flat. Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, as higher costs of motor fuel, transport and food pushed up prices. "There is a real threat of stagflation as the rate of inflation moves higher and the economy is stuck in the mud. It puts the Bank of England in a tricky situation with regards to monetary policy decisions," said Dan Coatsworth, investment analyst at AJ Bell. The central bank is largely expected to cut interest rates by a quarter-point in August after recent economic data fuelled concerns of weaker domestic growth and labour market, but the chances of such a move dimmed after Wednesday's inflation data. The BoE will closely watch the employment and wages figures due on Thursday. Meanwhile, UK finance minister Rachel Reeves on Tuesday announced measures to boost the finance sector, including reforming requirements for banks to separate retail and investment banking activities, easing regulations and a plan to get more savers investing in stocks. In corporate updates, AstraZeneca (AZN.L), opens new tab fell 1.1% after the drugmaker's experimental therapy, anselamimab, failed to meet the main goal of a late-stage study for the treatment of AL amyloidosis, a rare condition that causes a buildup of protein deposits in the body. Rio Tinto (RIO.L), opens new tab rose 1.3% after the mining giant reported its strongest second-quarter iron ore production since 2018, a day after promoting its iron ore chief Simon Trott to CEO. Antofagasta (ANTO.L), opens new tab edged up 0.5% after the Chilean miner said its copper production rose 11% in the first half of 2025, on improved output from its two concentrators.
