In mid-morning trading the FTSE 100 is down five points as traders fail to get excited about earnings season.
GKN is leading the FTSE 100, with the engineering firm raising its profits and dividend. The strong pound has weighed on its sales but it hasn’t affected the share price, which is up over 6%. It would appear that there is no stopping Next, the fashion retailer has gone from strength to strength after it announced another increase in profits and raised its full-year guidance. The increase in market regulation and a drop in market volatility are evident when looking at the revenue stream from interdealer broker Tullet Prebon. Major inverstent banks are earning less from fixed income, currencies and commodities, and this is trickeling down to the deal makers. BP is being tarred with the same
brush as Russia, and being in bed with the oil producing nation could hit its second-quarter profits. Additional sanctions could be slapped on Moscow and the judgement from Yukos oil could hurt Rosneft, which BP owns a stake in.
In the US, we are expecting the Dow Jones to open 20 points lower at 16,965. Herbalife missed expectations, which took investors by surprise, after previously exceeding quarterly estimates for over five years in a row. The stock fell over 10% in post-market trading.
GKN is leading the FTSE 100, with the engineering firm raising its profits and dividend. The strong pound has weighed on its sales but it hasn’t affected the share price, which is up over 6%. It would appear that there is no stopping Next, the fashion retailer has gone from strength to strength after it announced another increase in profits and raised its full-year guidance. The increase in market regulation and a drop in market volatility are evident when looking at the revenue stream from interdealer broker Tullet Prebon. Major inverstent banks are earning less from fixed income, currencies and commodities, and this is trickeling down to the deal makers. BP is being tarred with the same
brush as Russia, and being in bed with the oil producing nation could hit its second-quarter profits. Additional sanctions could be slapped on Moscow and the judgement from Yukos oil could hurt Rosneft, which BP owns a stake in.
In the US, we are expecting the Dow Jones to open 20 points lower at 16,965. Herbalife missed expectations, which took investors by surprise, after previously exceeding quarterly estimates for over five years in a row. The stock fell over 10% in post-market trading.
Recommended Content
Editors’ Picks
AUD/USD keeps the red below 0.6400 as Middle East war fears mount
AUD/USD is keeping heavy losses below 0.6400, as risk-aversion persists following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar.
USD/JPY recovers above 154.00 despite Israel-Iran escalation
USD/JPY is recovering ground above 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments.
Gold price pares gains below $2,400, geopolitical risks lend support
Gold price is paring gains to trade back below $2,400 early Friday, Iran's downplaying of Israel's attack has paused the Gold price rally but the upside remains supported amid mounting fears over a potential wider Middle East regional conflict.
WTI surges to $85.00 amid Israel-Iran tensions
Western Texas Intermediate, the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran.
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.