|Day's range||7,209.70 - 7,242.09|
|52-week range||6,536.50 - 7,903.50|
The ECB, the FED, and the RBA release meeting minutes in the week, as the markets look for any more signs of a possible recession. Trade talks also resume.
Executive pay has long caused conflict between shareholders and boards but generous pension deals are expected to be the main battleground this AGM season. UK investors are increasingly irate at the difference in benefits between company bosses and ordinary workers. In some cases, FTSE 100 chief executives receive retirement benefits worth more than half of their salary while staff are lucky to get a tenth of their pay as a pension contribution.
This year’s Super Bowl may be over, but Wall Street is still in need of the equivalent of the “Hail Mary” pass that has such a special place in American football. Earnings growth for S&P 500 companies is expected to grind to a virtual halt in the first half of the year compared with the same period in 2018, when the effect of the corporate tax cuts kicked in.
Opinions divide between those coloured by the acquisitive group’s financial strategy, buying undervalued software groups, and greyer types who disagree with buying mature tech companies offering low growth. Chief executive Stephen Murdoch paints a pretty picture of hefty shareholder returns. Mr Murdoch could promise more handouts because Micro Focus had plenty of free cash flow by the end of October.
Many of the letters tell of how people entered schemes with no idea that HM Revenue & Customs (HMRC) considered them tax avoidance “disguised remuneration” vehicles. Most people who contacted us requested anonymity, with several saying they feared reprisal from HMRC if they identified themselves publicly. Almost every letter FT Money received spoke of the personal distress that living under the shadow of the loan charge was causing for them and their immediate family.
Recent inflation data in the UK put pressure on the pound. GBPUSD has turned to decline from 1.29 after the release of disappointing inflation data for January.
Losses in the most recent quarter were driven by Tui’s airlines and tour operations unit. , which is listed in both London and Frankfurt, last week said it expected its underlying ebita for the year to September 30 to be “broadly stable” compared with 2018’s figure of €1.2bn.
US lawmakers have announced a tentative deal to avert another government shutdown, raising hopes that Congress can pass a spending bill before the Friday deadline, if President Donald Trump decides to ...
Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks. KEEPING SCORE: Tokyo's Nikkei 225 rose 2 percent to 20,745.28 and the Shanghai Composite ...
More than 66% of the S&P 500 have reported so far for the fourth quarter and the results are better than expected.
SINGAPORE (AP) — World markets mostly rose Monday as traders looked ahead to a new round of trade talks between U.S. and Chinese officials in Beijing this week.
Analysts questioned whether NuVasive was a good target, given the niche has grown slowly for a decade. Merrill Lynch restarted coverage of Tui with “buy” advice based on the group’s hotels and cruise divisions rather than its core package-holidays business, which the broker said had been largely written off by investors. rallied after Berenberg upgraded the lender to “hold” in the wake of last month’s capital warning.
Olaf Scholz, Germany’s finance minister, has rejected fears that the country is heading for a serious economic downturn despite mounting evidence of weakening eurozone growth. Mr Scholz said the German economy was “continuing to move forward” and that employment was at a “truly remarkable” high.
European indices were higher in the earliest portion of the session but gave up those gains by midday. In earnings news, shares of GM spiked in early trading after it reported much better than expected earnings.
The head of the Reserve Bank of Australia provoked the Australian currency selloff on Wednesday morning. AUDUSD loses 1.6% after Philip Low’s comments on the Central Bank readiness to consider rate cuts.
The sentiment is generally positive following a raft of good news in the previous week but expectations for big earnings after the close of trading kept investors in check.
Monetary policy and the State of the Union Speech will be of influence alongside economic data through the week. Will Trump rattle the markets?