Latest news with #FTSE100
Time of India
an hour ago
- Business
- Time of India
Tesla slumps, Alphabet jumps: Google's parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result
Tesla and Alphabet stocks delivered sharply contrasting movements on Thursday, sending their shares in opposite directions and exposing choppy undercurrents beneath Wall Street's calm surface. Alphabet rallied 3.1% after it beat quarterly profit estimates and announced a $10 billion increase in AI chip and infrastructure investment this year, taking its total to $85 billion. The move buoyed other AI-related stocks, including Broadcom. But Tesla tumbled 9.2% as investors reacted to Musk's warning of 'rough quarters' ahead. Despite Q2 results roughly in line with analyst expectations, Musk said the company was in a 'weird transition period' and would lose key US incentives in the near term. The S&P 500 edged up 0.1% in early trade, extending its record run, while the Nasdaq gained 0.3%. The Dow Jones Industrial Average slipped 0.6%, or 265 points, dragged lower by Tesla and airlines, AP reported. Airline stocks also fell sharply. American Airlines dropped 9.3% despite beating Q2 earnings expectations, citing a potential summer-quarter loss. Southwest Airlines shed 8.9% after weak results, though it hinted at improving demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Investire per il futuro? Inizia da qui eToro Click Here Undo The broader equity rally, fueled by hopes of pre-deadline US trade deals and easing inflation pressures, faces rising scrutiny over high valuations. Analysts say sharp individual stock swings continue to underpin an otherwise steady S&P 500, which hasn't moved by more than 1% in a day for a month. In the bond market, Treasury yields inched up after jobless claims declined, reinforcing expectations that the Federal Reserve will hold rates steady next week despite pressure from President Trump for cuts. The 10-year yield rose to 4.43%. Globally, major indices posted gains, with Tokyo's Nikkei up 1.6% and London's FTSE 100 up 0.8%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Bloomberg
2 hours ago
- Business
- Bloomberg
How to Protect Your Wealth From Tariff Turmoil
Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Stock markets are feeling chipper. Record highs (in local currency terms) are the order of the day. From the US S&P 500, very much accustomed to making new highs, to the FTSE 100 — somewhat less used to the 'fresh record' buzz — to the Japanese Topix index, which up until very recently, hadn't enjoyed a new high since the 1980s.
Al Etihad
3 hours ago
- Business
- Al Etihad
Stocks mostly rise on EU-US trade deal hopes
24 July 2025 15:26 LONDON (AFP)Stock markets mostly extended gains Thursday as optimism grew that the European Union could soon strike a trade deal with the United States, following the Japan-US have benefitted in recent weeks from bets that governments will eventually hammer out pacts with Donald Trump ahead of the US president's August 1 deadline to avoid steeper levies."The positive sentiment generated by the trade deal agreed between the US and Japan continued to permeate the markets," said AJ Bell investment director, Russ was boosted further by "optimism surrounding trade talks between the US and EU," said Joshua Mahony, chief market analyst at Rostro trading group. London's FTSE 100 gained almost one percent, lifted also by a stream of robust earnings, including from consumer goods group Reckitt, mobile phone giant Vodafone and Lloyds Bank. Frankfurt rose, along with most other European stocks, as the European Union and Washington appeared close to a deal that would set a baseline 15-percent levy on EU goods, down from a threatened 30 percent.A European Commission spokesman said Thursday that he believed a trade deal with the United States is "within reach."According to multiple diplomats, the deal could waive tariffs on aircraft, lumber, pharmaceutical products, and agricultural bloc, however, is still forging ahead with contingency plans in case talks fail, with member states approving a 93-billion-euro package of counter-tariffs on US opening higher, Paris slipped in midday trading, dragged down by a drop in luxury stocks and disappointing earnings from fossil fuel giant TotalEnergies and chipmaker STMicroelectronics, which plunged 10 on Thursday, the European Central Bank is expected to leave interest rates unchanged as higher US tariffs hang in the Asia, stocks advanced following another record day for the S&P 500 and Nasdaq on Wall Street on added more than one percent, building on a more than three percent surge on Wednesday on the back of the Japan-US trade Kong and Shanghai also kept an eye on Tokyo after Japanese Prime Minister Shigeru Ishiba denied discussing his resignation with party elders on Wednesday, as speculation about his future intensified following a weekend election stocks gained in Europe after a flurry of earnings reports were received well by the market. Deutsche Bank posted its highest second-quarter profit since 2007, which sent its shares surging more than seven percent in Frankfurt. French banking giant BNP Paribas announced a record annual profit for 2025, and UK bank Lloyds reported a rise in first-half net profit.
Reuters
5 hours ago
- Business
- Reuters
FTSE 100 hits record high on positive corporate news
July 24 (Reuters) - London's main stock indexes rose on Thursday, with the blue-chip index hitting an all-time intraday peak, boosted by upbeat corporate results and optimism over a potential EU-U.S. trade agreement. The internationally-oriented FTSE 100 (.FTSE), opens new tab rose 1% as of 0942 GMT, after hitting a record intraday high of 9,158.21 points earlier in the session, while the midcap FTSE 250 index (.FTMC), opens new tab rose 0.7%. The personal care and grocery stores index (.FTNMX452010), opens new tab led sectoral gains, up 2.5%, boosted by Reckitt (RKT.L), opens new tab, up 10%, after the consumer goods company raised its annual revenue forecast. Healthcare stocks (.FTNMX201030), opens new tab rose 1.7% with AstraZeneca (AZN.L), opens new tab up 2% after the drugmaker's rare immune disorder drug succeeded in an advanced trial. GSK (GSK.L), opens new tab added 1.1% after the U.S. Food and Drug Administration on Wednesday extended its review of the drugmaker's blood cancer drug. Retail stocks (.FTNMX404010), opens new tab advanced 2.2%, led by Howden Joinery (HWDN.L), opens new tab, which soared 11.1% to top the FTSE 100, after reporting a rise in first-half profit. Conversely, precious metal miners (.FTNMX551030), opens new tab fell 2.3%, tracking a fall in gold prices. Hochschild Mining (HOCM.L), opens new tab fell 4.5%, Endeavour Mining (EDV.L), opens new tab fell 2.2%, and Fresnillo (FRES.L), opens new tab fell 1.6%. In company news, BT Group (BT.L), opens new tab advanced 7.6% after the telecom firm named Patricia Cobian as its first female chief financial officer. Vodafone (VOD.L), opens new tab gained 4.5% after reporting a 5.5% rise in organic service revenue in the first quarter. ITV (ITV.L), opens new tab surged 9.9% after the broadcaster's half-year results beat forecasts. Airtel Africa (AAF.L), opens new tab soared 7.7% after posting higher quarterly results. AJ Bell (AJBA.L), opens new tab gained 3.1% on third-quarter assets growth. Meanwhile, two European diplomats said on Wednesday the European Union and the U.S. are edging toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions. Additionally, British business activity grew only weakly in July and employers cut jobs at the fastest pace in five months, according to a survey that is likely to add to speculation about a Bank of England interest rate cut next month. Traders are currently pricing in an 82.3% chance of a 25 basis point BoE cut next month, according to data compiled by LSEG.
Yahoo
6 hours ago
- Business
- Yahoo
Lloyds reports strong growth as UK economic conditions improve
Lloyds bank has reported a strong financial performance in the first half of the year, achieving income growth and showing continued momentum across the business. The FTSE 100 giant, which includes Lloyd's, Halifax and Bank of Scotland recorded a statutory profit after tax increase of £2.5bn, up 4 per cent year on year, with a high underlying profit of £3.6bn. The bank cited the surge in growth to strategic initiatives and enhanced digital capabilities as well improving UK economic conditions. Strengthening household finances and returning business confidence created favourable conditions for growth across the bank's business lines, with a net income of £8.9bn. Increase in lending Lloyd's saw strong growth in lendings and deposits as underlying loans and advances to customers increased by £11.9bn in the first six months to £471bn, while growth across retail rose by £10.1bn. Commercial banking recorded a rise of £1.2bn. Customer deposits also increased by 2 per cent to £493.9bn, while risk-weighted assets increased to £231.4bn, reflecting the impact of strong lending growth. Net interest income remained steady, increasing by 5 per cent to £6.7bn, however operating costs rose by 4 per cent to £4.9bn due to inflationary pressures as well as business growth costs. Further increases were offset by cost savings and continuing cost discipline. Returns for shareholders Group chief executive Charlie Nunn said, 'We have shown sustained strength in our financial performance in the first half of 2025, with income growth, cost discipline and robust asset quality, driving strong capital generation and increased shareholder distributions, with a 15% increase in the interim ordinary dividend,' 'Our strategic progress and sustained strength in our financial performance allows us to re-affirm our 2025 guidance and gives us confidence in our 2026 commitments. It also underpins our delivery of higher, more sustainable returns for our shareholders.' Despite beating analyst expectations, analysts did not change their recommendation, citing the upcoming the upcoming outcome of the Supreme Court hearing into motor finance, with the group putting aside £1,150m to cover remediation costs to date. Zoe Gillespie, wealth manager at RBC Brewin Dolphin, said, 'Lloyds has delivered another strong set of results, with profits and income beating expectations. Despite interest rates being on a downward trajectory, the bank has also managed to strengthen its net interest margin and secure more customer deposits in a competitive UK banking environment,' 'That said, the big unknown remains the enquiry into mis-sold car financing products, and Lloyds is one of the most exposed financial institutions.' Lloyds reaffirmed its 2025 guidance, and announced an increase to its interim dividend, up 15 per cent year on year, while expressing confidence in its 2026 target of delivering more than £1.5bn. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
