Spreadex Market Update

FTSE gains on strong corporate updates



Even with continued concerns from the US, China and Germany over rising inflation, the FTSE managed to perform well thanks to positive updates from M&S, ITV, and Halfords.

ITV made the largest gains in the FTSE 100 today by some distance, as it is currently up more than 14% as chief executive, Carolyn McCall, said they were on track for their highest advertising revenues in its history.

M&S and Halfords both made significant gains, thanks to more encouraging figures updates. This caused their shares to surge as much as 16%, and 19% respectively.

However, despite raising its forecasts, M&S did also warn investors of potential rising costs and disruptions due to supply chain issues in the run up to Christmas.

This would most likely affect the whole industry leading to lower-than-expected figures over the Christmas period.

US markets take another hit today after inflation figures were higher than predicted, as DOW and S&P both currently down 0.15%, and 0.12% respectively.

Consumer prices rose 6.2% in October, higher than the already high 5.8% expected figure. It also represents the fastest annual rise in consumer inflation, in the US, since 1990.

According to top executives at a range of blue-chip companies, it is likely that we are going to see major issues, regarding inflation, supply chain problems, and labour shortages, last much longer than policymakers are expecting.

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

Economic Diary

12.11.24

Read More

Financial Trading Blog

Dow Jones Upside Tempered by Trumpflation Risks

Read More

Daily Market Update

11.11.24 Monday Morning

The euro dipped to $1.0725 as German politics continued to fall apart over the weekend with major questions over...

Read More

Economic Diary

11.11.24

Read More

Weekly Trading Update

Trading Week Ahead

Read More

Financial Trading Blog

Markets Cheer Trump's Return, Eyeing Key Stocks

Read More

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.