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FTSE 100 rallies alongside strong start to the week in Europe, but risk events loom featured picture

FTSE 100 rallies alongside strong start to the week in Europe, but risk events loom

It was an upbeat start on Monday for Europe, despite significant risk events, such as the monthly US jobs report and Federal Meeting meeting minutes, due later this week. Trading volumes were low with Wall Street sitting Monday’s session out due to the Independence Day holiday. ‘The July 4 independence holiday in the US will likely allow some respite from the recent market turmoil. That ...
London’s blue chip benchmark edges into the red as PMI data stokes recession fears featured picture

London’s blue chip benchmark edges into the red as PMI data stokes recession fears

Stocks in London started the third quarter in a jumpy fashion on Friday, ultimately edging into the red as global manufacturing readings disappointed investors and fueled fears of an economic slowdown. The manufacturing economies in the UK, US and eurozone all slowed in June, figures showed. The latter, meanwhile, saw inflationary pressures intensify once more. The FTSE 100 index closed down ...
Wall Street Week: Back to the 1970s for US equities, Walgreens keeps its Boots on and fallen meme stock sinks featured picture

Wall Street Week: Back to the 1970s for US equities, Walgreens keeps its Boots on and fallen meme stock sinks

The first half of 2022 will not be remembered fondly by investors after the S&P 500 index dropped 20.5%, its fifth worst performance on record and on par with 1970’s 21% drop. It has been a year of breaking records for all the wrong reasons. Between January and April, the index fell by more than 13% and the last time that happened was 1939, when Warren Buffet was contemplating making his ...
FTSE 100 remains in the doldrums as recession risks and inflation worries persist featured picture

FTSE 100 remains in the doldrums as recession risks and inflation worries persist

Stock prices in London remained in the doldrums on Friday at midday in a soft start to the second half of what has, so far, been a brutal year for equities. ‘The market remains focused on downside risks to growth. UK data did not help in that respect, with the details of the Q1 GDP report clearly showing the challenges facing the UK economy and the Bank of England in coming quarters,’ said ...
Investors on red recession alert after microchips bellwether Micron Technology slashes guidance featured picture

Investors on red recession alert after microchips bellwether Micron Technology slashes guidance

- Memory chips giant cuts Q4 earnings and sales steer - Consumer gadgets spending hit by inflation pressures - Stock has lost 42% in 2022 and likely to fall on Friday The semiconductors industry has always been cyclical, so microchip manufacturers tend to do well when the global economy is strong. But the opposite is also true, so deep cuts to guidance by Micron Technology (MU:NASDAQ), a ...
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