FTSE higher in Brexit breather
The FTSE is nudging higher taking its cue from an uptick in Asian stock markets but also benefiting from a respite in Brexit news and the slightly weaker poun
Share this:
The FTSE is nudging higher taking its cue from an uptick in Asian stock markets but also benefiting from a respite in Brexit news and the slightly weaker pound. Insurers are leading the way higher as are several services companies, helped by a slightly weaker pound. With Parliament in recess until after Easter and the Brexit deadline rolled into October sterling implied volatility has dropped to the lowest level in 16 months. The currency is struggling to hold its ground against the euro and the dollar ahead of the release of Germany’s ZEW index and US production data.
US bank results underwhelm so far, more to come
In the US bank results will be in focus again Tuesday following underwhelming earnings from Citigroup and Goldman Sachs yesterday. Looking at the bigger picture this is the first quarter since 2016 that is expected to show overall weaker results across a number of US industries as hints of higher wages and in some areas declining demand work their way through the system. The earnings merry-go-round continues later today with earnings from Bank of America and Morgan Stanley.
Airlines facing a tough quarter as fuel prices rise
Airlines have been feeling the pinch of rising oil prices which combined with overcapacity in Europe and stiff competition is eroding earnings. Releasing its results Lufthansa said that almost two thirds of its EUR300 million quarterly loss was attributable to higher fuel costs. The subsequent 5% drop in the company’s share price triggered a Europe-wide decline in airline shares, not sparing British Airways parent ICA and easyJet
US bank results underwhelm so far, more to come
In the US bank results will be in focus again Tuesday following underwhelming earnings from Citigroup and Goldman Sachs yesterday. Looking at the bigger picture this is the first quarter since 2016 that is expected to show overall weaker results across a number of US industries as hints of higher wages and in some areas declining demand work their way through the system. The earnings merry-go-round continues later today with earnings from Bank of America and Morgan Stanley.
Airlines facing a tough quarter as fuel prices rise
Airlines have been feeling the pinch of rising oil prices which combined with overcapacity in Europe and stiff competition is eroding earnings. Releasing its results Lufthansa said that almost two thirds of its EUR300 million quarterly loss was attributable to higher fuel costs. The subsequent 5% drop in the company’s share price triggered a Europe-wide decline in airline shares, not sparing British Airways parent ICA and easyJet
Related tags:
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Nikkei 225 Eyes Wall Street Bounce Ahead of NFP
Wall Street rebounds as Fed hike bets ease, while Nikkei 225 futures eye 66k resistance ahead of US nonfarm payrolls.
Wall Street Stabilises: Can Nikkei and ASX Extend Their Bounce?
Wall Street steadies after a choppy week as traders assess whether the ASX 200 and Nikkei can build on early signs of a technical bounce.
Nasdaq 100 Leads Wall Street Rebound as Middle East Peace Boosts Risk
Nasdaq 100 futures lead Wall Street higher as Middle East peace hopes lift risk appetite, while the Dow Jones nears fresh record highs.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.