uk stockmarket

Summary:

  • Exxon price slumps.
  • Falling energy prices lower Exxon earnings expectations.

Read next: A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD 

Energy producer Exxon

Exxon (XOM) share price declined during Tuesday’s trading day in the wake of declining energy prices which offset the forecast for the energy and oil giant, which gave markets expectations for a record surge in their profits for the second quarter. Exxon updated the SEC late on Friday last week indicating their operating profits were likely to rise by $7.4 billion from the 3 months ending in March, where the recorded profits came in at $8.8 billion. The formal second quarter earnings report from Exxon is due on July 30th.

Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices - 1 XOM Price Chart

Sources: finance.yahoo.com, thestreet.com

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(FTSE) FTSE 100 Rallies In Response To Positive Economic Data, US Dollar Expected To See More Volatility

(FTSE) FTSE 100 Rallies In Response To Positive Economic Data, US Dollar Expected To See More Volatility

Rebecca Duthie Rebecca Duthie 20.05.2022 20:30
Summary: FTSE showing signs of increasing amidst favorable UK economic data US Dollar to have a busy week next week. Read next: Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?  FTSE 100 Increasing The FTSE 100 index rallied on Friday. This rally comes in the wake of the retail data released that well exceeded market expectations. Retail data came in at a 1.4% increase in contrast to the expected value of -0.2%. Food sales increased by 2.8% and car fuel sales also rose 1.4% in April. This data indicated to the market that consumers are showing resilience to the current economic situations. In addition, the positive data has improved investor sentiment towards the UK market. FTSE Price Chart US Dollar expected to see more volatility Next week is full of important U.S economic data announcements and events which we can expect to add more volatility to the US Dollar. On Wednesday the FOMC minutes will likely give the market a clearer look at the thoughts of the current state of the US economy and whether or not we can expect to see more interest rate hikes. On Thursday the Fed will release their preferred inflation reading PCE which is expected to highlight the growing US pressures. All the factors above will lead to a heightened volatility in the US Dollar. Sources: finance.yahoo.com, dailyfx.com
ECB's Potential Hike Faces Limited Rate Upside as Macro Headwinds Persist

Xpeng (XPEV) Earnings Results Cause Share Price To Fall

Rebecca Duthie Rebecca Duthie 23.05.2022 14:04
Summary: Xpeng earnings released. EV maker affected first hand by lockdowns in China. Read next: Harley Davidson (HOG) Halting Production  XPeng (XPEV)reported first quarter losses whilst revenue topped. The China based Electric vehicle maker forecasts sales picking up in May after the disappointing April figures as China eases lockdowns. However, the stock price fell in the wake of the disappointing data. The Covid-19 lockdowns in China have led to factory shutdowns and/or slower production. XPEV stock price has fallen. The Electric Vehicle maker reported a loss of 28 cents per ADS, however revenue increased by 153%. Xpeng is expected to improve across the board in quarter 2, they hope to edge closer to pre-covid figures. XPEV Price Chart Sources: finance.yahoo.com, investors.com
GBP: Softer Ahead of CPI Risk Event

(DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases

Rebecca Duthie Rebecca Duthie 23.05.2022 21:56
Summary: President Joe Biden's announcement of possible easing of tariffs on goods from China fairing well for U.S stocks. Euro expected to continue strengthening. Read next: Xpeng (XPEV) Earnings Results Cause Share Price To Fall  U.S stocks showing signs of recovery The Dow Jones Index rose almost 2% during the trading day on Monday. U.S stocks recovered on Monday in the wake of investors coming-off a 7 week losing streak. The recovery comes after investors received some fresh-trade related information from the Biden Administration. On Monday President Joe Biden announced that he was considering easing tariffs on Chinese goods due to the belief that the tariffs caused financial harm on consumers and businesses. DJIA Price Chart ECB Interest rate hike is confirmed The Euro exchange rate performed well on Monday thanks to the European Central Bank's president confirming that there will be interest rate hikes in July. The Euro responded well to this information and strengthened against both the US Dollar and the Pound. Leading up to the confirmation of the rising interest rates, the Euro had been strengthening, in the wake of the interest rates being risen, investors believe that the Euro will continue to strengthen. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, poundsterlinglive.com Follow FXMAG.COM on Google News
GBP/USD Analysis: GBP Maintains Growth Momentum, Market Awaits US Inflation Report

FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

Rebecca Duthie Rebecca Duthie 26.05.2022 21:17
Summary: Oil Giants are required to pay more taxes on profits. The BoE is put under more pressure FTSE 100 rises with BP and Shell stocks On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose. The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill. FTSE 100 Price Chart GBP Weakens after its rally on Thursday morning On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forward, possibly forcing the BoE to raise interest rates even more. The Pound Sterling faces negative market sentiment in the wake of this news as the likelihood of a recession looms closer. Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Follow FXMAG.COM on Google News Sources: finance.yahoo.com, poundsterlinglive.com
The Japanese Yen Retreats as USD/JPY Gains Momentum

Dow Jones Enters The Weekend On A High, Pound Sterling Strengthens

Rebecca Duthie Rebecca Duthie 30.05.2022 12:00
Summary: Dow Jones industrial gains on Friday. GBP reacts well to Sunak’s stimulus package Read next: (COST) Costco Beats Market Expectations  DJIA sees relief on Friday The Dow 30 rose on Friday as signs of peaking inflation and consumer resilience instilled investor confidence entering the long weekend, backing positive attitudes towards tightening monetary policy. Investors may be leaning toward the Fed tightening monetary policy without tipping the US economy into a recession. The Dow Jones benefited from this market sentiment. Data released on Friday indicated that consumer spending exceeded market expectations and drove the DJIA upwards, which drove investor confidence higher. DJIA Price Chart Pound Sterling reacts well to Sunak’s announcement The GBP may have stabilised in the wake of Sunak´s announcement of a stimulus package, however, concerns that the UK economy is heading into a recession still looms. The stimulus to try and save the UK economy may be short lived, what the greater impact will be on the UK economy is still a concern going forward. Sources: finance.yahoo.com, poundsterlinglive.com
Unlocking the Future: Key UK Wage Data and September BoE Rate Hike Prospects

S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts

Rebecca Duthie Rebecca Duthie 30.05.2022 20:23
Summary: S&P 500 makes up for May losses. The Pound sterling hasn't had a great run lately especially because the UK economy isn't performing as well as its major economy counter-parts. Read next: Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)  The S&P 500 gained almost 2.5% on Monday On Monday the S&P 500 gained back its May losses and broke its seven week losing streak, as institutional investors chose to balance their portfolios again to the end of the month. Luxury stocks seemed to be the top performers today in the wake of improved investor sentiment as China begins easing lockdowns. GSPC Price Chart Pound Sterling under pressure As the cost of borrowing increases, a cost-of-living crisis, the reality of lower productivity and inflation at 40 year highs, all of these factors mentioned are putting the Pound sterling under pressure. The reality of a looming recession keeping investors on their toes. A source on bloomberg predicts that the UK economy could shrink by 0.4% this quarter. The Pound sterling hasn't had a great run lately especially because the UK economy isn't performing as well as its major economy counter-parts. Sources: investors.com, bloomberg.com, finance.yahoo.com
Financial World in a Turbulent Dance: Lego, Gold, and Market Mysteries

Alibaba (BABA) Share Price Rises As Lockdowns Ease In China

Rebecca Duthie Rebecca Duthie 30.05.2022 20:39
Summary: Alibaba and other Chinese based companies may be able to return to normal production levels. BABA stocks to benefit as lockdowns in China continue to ease Although the US Stock markets are closed on Monday due to memorial day celebrations, Alibaba Share price has risen in the wake of China beginning to re-open after Covid-19 lockdowns. The lockdowns in China had taken a toll on many Chinese based companies due to slowing production, however, the easing of the lockdowns means that companies like Alibaba have a chance to start speeding up their production. Currently, according to a source on finance.yahoo.com, the shares of Alibaba are fairly priced at the moment. BABA Price Chart Read next: S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts  Sources: finance.yahoo.com
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

Meme Stocks: (GME) GameStop Stock News: Reported Wider Than Expected Losses | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 02.06.2022 12:29
Summary: GameStop stocks rose, fell and then settled GameStop reported a net loss On Wednesday GameStop reported a wider-than-expected net loss for the first quarter, and declined to provide an outlook for the market. In the wake of the news, the stock rose, fell and settled at a level close to unchanged. GameStop reported a $158 million loss, or $2.08 per share loss. The speciality retailer is one of the most recognised names amongst the meme stocks. GameStops claims they are keeping their inventory levels high amidst increasing customer demand and supply chain worries. GameStop Price Chart Read next: S&P 500 Loses Tuesdays Gains, Australian Dollar Was Wednesdays Best Performing Currency  Sources: finance.yahoo.com, marketwatch.com
S&P 500 Rose And Then Pulled Back, Despite Boris Johnson's Vote Of No-Confidence, GBP Remained Strong

S&P 500 Rose And Then Pulled Back, Despite Boris Johnson's Vote Of No-Confidence, GBP Remained Strong

Rebecca Duthie Rebecca Duthie 06.06.2022 20:55
Summary: Is positive investor sentiment returning to the markets? GBP bullish against USD Read next: (TWTR) Twitter Shares Tumble On Monday  S&P 500 sees gains and losses as the index tries to recover U.S stocks rose in early Monday trading but have since dropped again amidst the current uncertain economic outlook and the prospect of tighter monetary conditions. The S&P 500 closed low on Friday in a general market sell-off. The decline last week came in the wake of a stronger-than-expected job report for May that showed that job hiring slowed but still kept a strong tempo. The showing of labor market strength aligned with expectations for policy makers on track with monetary policy tightening. Monday's drop in equities comes as the U.S treasury yields benchmark topped 3% during Monday's session. GSPC Price Chart Pound Sterling remains strong On Monday the pound sterling traded strong despite that Monday evening bringing with it a vote of no-confidence for Prime Minister Boris Johnsson. Despite the vote of no confidence, the pound sterling has remained strong, indicating to the market that it will remain strong despite politics. The pound sterling is bullish against the US Dollar and is showing mixed signals when it comes to its other major counterparts such as the Euro and CHF. Sources: finance.yahoo.com, poundsterlinglive.com
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Elon Musk Strikes Again!? (TWTR) Twitter Shares Tumble On Monday | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 06.06.2022 17:27
Summary: Elon Musk's letter to Twitter executives. TWTR Share price fall. Read next: Euro Enters The Week Strong As The Market Awaits ECB Announcements Due Later This Week (EUR/USD, EUR/GBP, EUR/CHF), Focus On The RBA Announcement On Tuesday (GBP/AUD)  Musk requests more data regarding fake Twitter accounts. Musk claims that Twitter is blatantly refusing to comply with the merger agreement terms. Twitter's share price sank on Monday in the wake of Tesla CEO Elon Musk doubling-down on challenging Twitter to prove its data on fake accounts and spam. On Monday a Securities Exchange Commission (SEC) meeting was made public whereby Elon Musk indicated he sent a letter to the Twitter Executives in an attempt to gain more information regarding its methods of calculating that the company had 5% fake accounts. Immediately after the publication of this letter, TWTR share price fell 3.6%. TWTR Share Price Sources: finance.yahoo.com, thestreet.com
"Global Steel Output Rises as Chinese Production Surges, Copper Market Remains in Deficit

Alibaba (BABA) Amongst US Listed Chinese Stocks That Have Seen Major Gains

Rebecca Duthie Rebecca Duthie 08.06.2022 18:33
Summary: US listed Chinese Stocks are going on their third day of price gains Read next: Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High  Alibaba stock prices are jumping US listed Chinese Stocks are going on their third day of price gains. The recent wave of video game batch approvals, offering hope for Chinese tech stocks. This move from Chinese regulators shows a step in the direction of a softening stance towards internet firms. The Alibaba share price is up more than 10.5% as of Wednesday. The rise in stock price for Chinese tech stocks comes as a relief to the current market sentiment amidst US markets are gripped by the thought of higher interest rates. In addition, the easing of lockdowns in major cities in China mixed with a line of better-than-expected earnings results are also contributing to boosting investor risk sentiment. BABA Price Chart Sources: barrons.com, finance.yahoo.com, bloomberg.com
US Inflation Slows as Spending Stalls: Glimmers of Hope for Economic Outlook

Increase In (TSLA) Tesla Car Sales In China Sends The Share Price On A Rally

Rebecca Duthie Rebecca Duthie 09.06.2022 18:20
Summary: The Tesla share price spiked for its fourth straight advancement. Tesla share price spiked in the wake of increased sales in China for May The Tesla share price spiked for its fourth straight advancement in the wake of news that May sales in China rebounded and UBS had turned the stock to a buy. The Electric Vehicle giant's share price is trading 2% up on Thursday and had risen by 1.2% by market close on Wednesday. Although the share price is well below the 50-and 200-day moving averages. The news of the rebound in Tesla car sales came from the China Passenger Car Association. TSLA Price Chart Sources: finance.yahoo.com, investors.com
The Canadian Dollar Gains Momentum as Crude Oil Prices Surge

Goldman Sachs Cuts Netflix (NFLX) Shares To Sell, Sending The Price Tumbling

Rebecca Duthie Rebecca Duthie 10.06.2022 17:35
Summary: Goldman Sachs changed the Netflix stock from neutral to a sell. Netflix down 68% in 2022 After re-evaluating the internet sector, Goldman Sachs changed the Netflix stock from neutral to a sell. The stock is down around 68% in 2022 and Goldman Sachs still thinks it is too expensive. According to barrons.com, Goldman Sachs analyst Eric Sheridan explained that there are concerns around the impact of increased competition on demand, a consumer recession, margin expansion and levels of content spend. Hence, the spending and competition on content are still problems, and now the possibility of a slowing economy has also become a factor. NFLX Price Chart Sources: finance.yahoo.com, barrons.com
USD Outlook: Fed's Push for Higher Rates and Powell's Speech at Jackson Hole Symposium

What To Look Out For In The Markets Today - This Weeks Highlighted Economic Calendar Events

Rebecca Duthie Rebecca Duthie 27.06.2022 14:13
Summary: Various Central Bank representative speakers are due. GDP data due to be released on Monday. This week is busy for the market in terms of news and release of data This week is a very busy day for the global markets as many calendar events are due including; European Central Bank (ECB) President Christine Lagarde, Bank of Englands (BOE) Gov Bailey and Federal Reserve Chairperson Jermone Powell all due to speak. The markets will watch these speakers and look for any clues regarding the future of monetary policy, interest rates and recession concerns. In addition to central bank announcements, there are many economic data releases due today that the markets will be watching closely as they will give an indication of the current economic situation, if it has worsened or improved. These economic data released include: US Pending Home Sales (MoM) for May, US Core Durable Goods Orders (MoM) for May, CB Consumer Confidence for June, Australian Retail Sales Data, US Crude Oil Inventories, China’s June Manufacturing PMI, German Unemployment Change for June, US Initial Jobless Claims, Some of the more prominent 3 star events include US GDP (QoQ) data for Q1, UK GDP (QoQ) data for Q1, UK GDP (YoY) data for Q1, Canadian GDP (MoM) data for April. Sources: investing.com
FX Daily: Russia to cut rates further today | ING Economics

How Has Nike Stock Price Changed After Earnings!? - Q4 Earnings Report Shows Consumers Willingness To Spend On Athletic Wear

Rebecca Duthie Rebecca Duthie 28.06.2022 10:25
Summary: China’s effect on Nike’s supply chains. Take-aways from the earnings report. Three take-ways from Nike's fourth quarter earnings report Nikes share price is down 2% on Tuesday in the wake of their fourth quarter earnings report. The earnings of the athletic apparel brand has been negatively affected by the impact the Covid-19 lockdowns have had on supply chains and how Nike manages their inventories. In addition, concerns around a looming recession and soaring commodities prices are all contributing to consumer and investor risk-off sentiment, however, Nike's earnings have shown consumers willingness to spend on athletic wear. Nike’s full-year and fourth quarter earnings reported above analyst expectations, in addition, their digital sales grew by 15%, one of the driving factors being social media exposure. Nike has new apparel that is designed to reduce their carbon footprint, on the way. Nike also made it clear that China’s apprehensions will affect the annual financial outlook of Nike. Nike Price Chart Sources: finance.yahoo.com, bizjournals.com
Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Rebecca Duthie Rebecca Duthie 30.06.2022 23:51
Summary: MU Stock price down 2.86% in after market closing. Read next: US Dollar Softening Due To Recession Fears (EUR/USD), Is A 50bps Interest Rate Hike Due To Kick Off The ECB Interest Rate Hiking Cycle ? (EUR/GBP), AUD Recovering As China Reopens Their Economy  Micron stock falls On Thursday the memory-chip maker Micron (MU) beat Wall Street's earnings target for its third fiscal quarter and matched their sales view. However it well missed the expectations regarding guidance for the current quarter and the MIU stock price fell during extended trading. For the current quarter, Microns adjusted forecasted earnings of $1.63 per share on sales of $7.2 billion which missed analysts expectations of $2.6 per share on $9.15 billion sales for their 4th quarter. MU Price Chart Sources: finance.yahoo.com, investors.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices

Rebecca Duthie Rebecca Duthie 05.07.2022 16:51
Summary: Exxon price slumps. Falling energy prices lower Exxon earnings expectations. Read next: A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD  Energy producer Exxon Exxon (XOM) share price declined during Tuesday’s trading day in the wake of declining energy prices which offset the forecast for the energy and oil giant, which gave markets expectations for a record surge in their profits for the second quarter. Exxon updated the SEC late on Friday last week indicating their operating profits were likely to rise by $7.4 billion from the 3 months ending in March, where the recorded profits came in at $8.8 billion. The formal second quarter earnings report from Exxon is due on July 30th. XOM Price Chart Sources: finance.yahoo.com, thestreet.com

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