|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||392.00 - 392.00|
|52-week range||3.66 - 392.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter. Strong consumer confidence and rising house prices should underpin consumer spending, which appears to have braked sharply at the start of the year. The Conference Board said its consumer confidence index increased to a reading of 128.7 this month from a downwardly revised 127.0 in March.
St. James's Place on Tuesday reported a 0.9 percent fall in first-quarter assets on the back of weaker markets, although the British wealth manager took in net flows of new client money. A winner from British government moves in recent years to free up how people save for their retirement, the firm said it saw strong demand for its face-to-face advice services and reiterated its growth target for the year. Group funds fell to 89.9 billion pounds ($125.33 billion) at the end of March from 90.8 billion at end-December after losing 3.4 billion pounds on its investments, in line with or slightly better than analyst forecasts.
Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared U.S. sanctions could dampen Iran's output. "It's tweet by tweet," ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Handelsbanken cuts Danish wind power company Vestas to "reduce" expecting co's Q1 results to be affected ...
** Reckitt Benckiser down 2.3 pct and bottom of FTSE 100 ** JPMorgan cuts TP by 200p to 7,000p and lowers FY adj EPS estimate by about 2 pct after co reported weak like-for-like sales growth on Friday ...
JPMorgan (LSE: JPIU.L - news) is considering moving almost 200 banking jobs from London to Paris after Britain leaves the European Union, Les Echos newspaper reported on Wednesday, citing unidentified sources. Boosted by reforms undertaken by President Emmanuel Macron, Paris has overtaken Frankfurt as the most popular destination for the number of finance jobs to be shifted out of Britain after Brexit, a Reuters survey found last month. "Paris has become attractive again, even from a tax point of view," Les Echos cited an anonymous source as saying.
U.S. retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with some momentum. Economists saw a limited impact on retail sales for now from a recent ebb in consumer sentiment, citing a robust labor market, which is steadily pushing up wage growth. Fears of a trade war between China and the United States have roiled financial markets.
A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil prices extended recent gains that drove them to highs not seen since ...
Scott Brown, chief economist at Raymond James in St. Petersburg, Florida, said stock prices have taken in much of the heightened expectations on earnings. The U.S. dollar hit a seven-week high against the Japanese yen.
JPMorgan Chase & Co (Xetra: 850628 - news) 's first-quarter profit is up by 35% from a year ago, helped by higher interest rates and a lower tax bill. The US-based firm said that while pre-tax income was up by $2bn (£1.4bn) in the quarter, it paid $240m (£168m) less in taxes when compared to the previous year. US President Donald Trump signed the $1.5tn (£1.1tn) tax cut into law just before Christmas last year, the biggest overhaul of the country's tax laws in more than two decades.
JPMorgan (LSE: JPIU.L - news) 's Russian-focused investment trust said on Friday it was working with the U.S. Treasury's Office of Foreign Assets Control to implement actions to ensure it is compliant with U.S. sanctions against Russia. In a statement JPMorgan Russian Securities said only one of the companies it holds in its portfolio, United Company Rusal (HKSE: 0486-OL.HK - news) , is subject to the sanctions. "The board continues to track developments in the region closely with the assistance of JPMorgan Asset Management's investment functions and compliance," it said.
Two days ago, after a tweet from Donald Trump, it looked like the United States and key European allies were on the verge of launching strikes on Syria for a suspected chemical weapons attack by the government of Bashar al-Assad on the town of Douma. Now (Frankfurt: 11N.F - news) the timing is less clear and political cracks are emerging in Europe. Earlier this week, the leader of Italy’s far-right League denounced the reports of the attack as “fake news”, forcing the country’s president to seek assurances from deadlocked political parties there that they fully supported NATO.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Societe Generale ups Engie to "buy", says it expects return on capital employed to start improving from ...
Barclays has hired former JPMorgan Chase executive Tim McNulty as its new group chief security officer, the British bank said in an internal memo seen by Reuters on Wednesday. He replaces Troels Oerting ...
Crude oil and global equity markets tumbled on Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, reviving investor jitters about the impact a tariff war could have ...
Aston Martin is preparing to appoint three banks to manage a possible London stock market listing of the luxury car manufacturer that could value it at between 4 billion pounds and 5 billion pounds , according ...
The U.S. economy created the fewest jobs in six months in March as a boost from milder temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to further raise interest rates this year.
The British luxury car-maker Aston Martin is lining up a trio of banks to lead a prospective £4bn stock market listing that could take place within months. Sky News has learnt that the manufacturer of James Bond's vehicle of choice is close to hiring Deutsche Bank (IOB: 0H7D.IL - news) , Goldman Sachs (NYSE: GS-PB - news) and JPMorgan (LSE: JPIU.L - news) as the global co-ordinators for a long-awaited initial public offering (IPO). The appointment of the three investment banks is understood to have been recommended by board members and is awaiting sign-off from Aston Martin's two Italian and Kuwaiti shareholders, according to insiders.
Barclays has hired Emmanuel Cau as head of European equity strategy, the British bank said on Friday, as it seeks to reinvest in its stock trading business in Europe. Cau, who will start at Barclays in ...
U.S. consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. A tightening labor market is expected to start driving up wages by the second half of this year. Consumer spending has been tepid this year despite strong consumer confidence, which has been bolstered by income tax cuts.
U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports. Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third estimate for the quarter on Wednesday. The upward revision to the fourth-quarter growth estimate also reflected less inventory reduction than previously reported.
Stock market values are climbing worldwide amid evidence the US and China are working behind the scenes to avoid a damaging trade war. A series of pressures combined last week to put pressure on values, with tech stocks worst hit as Facebook (NasdaqGS: FB - news) came under fire over data protection and Donald Trump threatened additional tariffs on Beijing over claims of intellectual property theft. The stock market rally began in the US.
Ballooning fears of a global trade war hammered emerging markets on Friday, pushing stocks down almost 2 percent while dollar-bond spreads rose to their highest since November and Turkey's lira plumbed ...
The number of Americans filing for unemployment benefits rose just marginally last week, suggesting strong job growth in March that should underpin consumer spending. Other data on Thursday offered an upbeat assessment of the economy, echoing a similar tone struck by the Federal Reserve on Wednesday when it raised interest rates and forecast at least two more hikes for 2018. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 229,000 for the week ended March 17, the Labor Department said on Thursday.
Emerging market stocks and currencies softened on Wednesday and borrowing costs pushed higher as investors geared up for the first U.S. rate hike of the year, while optimism over the future of the NAFTA ...