Thomas Cook Hits Turbulence

Friday, February 8: Following their weakest day in six week on the back of uninspiring economic data, European indices once more found themselves on the back foot as investors digested weak earnings on the continent. The FTSE 100(-0.32%) found itself in the green early on, though the relief rally fizzled out by lunch as a…

FTSE Indices Falter as BoE Holds Rates

Thursday, February 7:  FTSE indices were flat to slightly negative at the open as investors awaited the Bank of England quarterly, though a soft start for US equities prompted selling into the close(FTSE 100: -1.11%). A similar sentiment was reflected on the continent as poor economic data pushed European indices lower. Bank of England Governor…

CYBG in the Money as FTSE 100 Closes Flat

Wednesday, February 6: The FTSE 100(-0.06%) was initially on the back foot as US President Trump offered little sign of progress in China trade talks in his State of the Union address,  Ocado slumped after a fire at its flagship distribution centre and oil majors dipped following a fall in the price of Brent crude…

Sterling Stumbles as FTSE Ekes out Gain

Monday, February 4: The FTSE 100(+0.20%) posted a relatively flat performance, as did the FTSE 250(+0.20%) in a session characterised by a volatile pound. Sterling shed 0.25% against the euro and 0.34% against the US dollar in early trade, before rallying mid-afternoon by 0.44% and 0.41% respectively. The currency see-sawed on the back of rising…

Data Friday

Friday, 1 February: Data in the US, UK and China generated the direction of trade optimism as February began. Ahead of US jobs data, there was further weaker data out of China where the manufacturing sector PMI fell from 49.7 in December to 48.3. It is the second consecutive month of contraction in the sector,…

Italy Slips Into Recession

Thursday, 31 January: Dovish comments from Fed Chair Jerome Powell lifted equity markets. Only last month, after its most recent rate rise, the Fed had signalled of two more hikes this year, however last night Powell signalled they were done with raising rates, subsequently fuelling a market rally. The Dow and S&P 500 on Wall…