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Royal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy.2 days ago
Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier this week was "neutral to slightly positive" and banks are starting to see "improving bottom-up trends". RBS led the risers, with Lloyds close behind.5 days ago
After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade.5 days ago
Uncertainty about the global economy was weighing heavily on the mining sectors on Tuesday, as concerns over the demand outlook prompted investors to scale back their appetite for risk.8 days ago
Severn Trent topped the leaderboard after it confirmed press speculation that it has received a bid approach from a consortium of investors, which is rumoured to value the UK utility company around 5.3bn pounds. In a statement released this morning, Severn Trent said it had received an approach with a view to making a proposal from Canadian infrastructure investor Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.8 days ago
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.
A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.
Despite general US data thus far this week coming in a little softer, the dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether USD may have rallied a little too far, too quickly.
Today we await CPI numbers and US data including housing, jobless claims and the Philly Fed.)
The depreciation of the Japanese yen has been an ongoing process for many months now, and recent developments have contributed to its continued decline. However, upcoming data might change the direction upwards.
Japan’s currency is once more weakening compared to the US dollar.
Despite the fact that it’s only mid- May, the FTSE100 looks set to record a new high for the 12th consecutive month.
Compared to the likes of the Dow, the Dax and the S&P500, the FTSE being quite heavily weighted with the financial and mining sector has dragged itsheels in re-acquiring a record high level. Perhaps it’s the mining sector that is serving as a drag which since February has seen a total decline of almost 25%.
Daily global markets overview with the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.