© 2022 All rights reserved to Wealth DFM | Website by: Nivo Digital | Terms and Conditions
This policy explains how IFA Magazine collects, stores use, and shares personal information (including but not limited to information from which you can be personally identified such as your name, address, job title, company, email address, or telephone number) and information about your visits to the network, including the pages you view, the links you click and other actions taken in connection with www.ifamagazine.com, www.gbinvestments.co.uk, www.robopromedia.com, www.mvpromedia.com.
IFA Magazine Publications Limited may update this Policy at any time. It is your responsibility to check for updates to this Policy, as your continued use of the website denotes an acceptance of this Policy. Unless stated otherwise, IFA Magazine Publications Limited’s current Policy applies to all information that IFA Magazine Publications Limited has about you and your account.
Markets unsettled as hopes rise for Ukraine talks but worries resurface about Covid in China
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown brings us her perspective on the latest market news and movements as she comments:
‘’European indices rose in early trade on a small tide of optimism that there may be a breakthrough in diplomatic talks over Ukraine this week, but trading is set to stay volatile as intense fighting continues, while worries rise about China’s Covid caseload.
The DAX in Frankfurt and the CAC 40 in Paris opened higher, while the FTSE 100 also started on the front foot before slipping back a little. It comes after Russian and Ukrainian negotiators reported some steps of progress and there are renewed hopes that talks at the weekend will result in draft agreements in the next few days. Gains have been tempered though, by warnings from the US that Russia approached China for military help, prompting fresh worries that a wider escalation is still possible.
Brent crude has dipped back to around $109 a barrel, as traders assess unfolding diplomatic efforts and await key reports on the global supply of oil from OPEC and the IEA. But the stage is still set for a fluctuation in price, given concerns that OPEC+ counties may not easily be able to increase supply, while a breakthrough in the stalled Iran nuclear talks remains elusive. The widely expected decision by the US central bank to start raising interest rates this week could also help release the upwards pressure on the oil price – as a stronger dollar makes commodities more expensive for buyers using other currencies.
The rapid spread of Covid across China is now unsettling investors, with expectations that mass lockdowns will once again blight the economy with new daily cases hitting two year highs. Hong Kong’s Hang Seng dropped 7.9% after 17 million people in Shenzhen were locked down with worries mounting that other cities will follow suit to abide by the country’s strict zero-Covid policies. That’s also helped push the oil price lower, with demand expected to take a hit if Chinese economic output falls. Worries about a China slowdown have also helped drive mining stocks lower on the FTSE 100 today, with Rio Tinto, Anglo American and Glencore among the biggest fallers on the index in early trade.
Defence stocks have crept up again amid expectations that European governments will super-charge military spending in the face of Russian aggression. BAE Systems rose another 1%, with the shares up by more than 17% since Russia invaded Ukraine. But airlines and other travel industry related stocks have been among the biggest risers on the London market, lifted on hopes of a diplomatic breakthrough, which would calm the fresh turbulence which has hit the industry since the invasion. British Airways owner International Consolidated Airlines Group, and engineer Melrose, with its large commercial aerospace business, lifted more than 4% on the open.’’
Europe open: Shares up on Ukraine-Russia talk hopes
Previous PostManufacturers still raising prices as inflationary pressures continue
Previous PostUK companies poised to hike prices – survey
Liberum slashes National Express price target
Next PostRevenue, earnings surge after Craneware acquires Sentry
Next PostOil prices soften amid hopes for Russia-Ukraine peace talks
Featured News
Sunday share tips: Airtel Africa, Kier
The Sunday Times's Lucy Tobin told readers that shares of Airtel Africa were a 'buy', pointing to the telecom group's...
Sunday newspaper round-up: HSBC, Easyjet, Sky
A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including...
Week ahead: Euro area and US inflation, China factory PMI in focus
The market spotlight over the coming week was expected to shift back towards key inflation readings on either side of...
London close: Renewed banking woes see stocks finish lower
London's markets closed in negative territory on Friday, with banks taking the brunt of the hit as sentiment once again...
Recent
Sunday share tips: Airtel Africa, Kier
Sunday newspaper round-up: HSBC, Easyjet, Sky
Week ahead: Euro area and US inflation, China factory PMI in focus
This Week’s Most Read
Commenting on the issues underlying the UBS-Credit Suisse takeover, Validus Risk Management’s Matilde Espregueira, said: “In their haste to push the UBS-Credit Suisse deal through before Monday’s market open to
After yesterday’s shock rise in the rate of UK CPI inflation to 10.4% and the US Federal Reserve Bank (The Fed) rate hike of 0.25% yesterday, today’s base rate announcement
CFA Institute, the global association of investment professionals, has today announced several changes to its CFA Program, probably the most significant since the exams were first administered in 1963. CFA Program
Up to date analysis from Kristina Hooper (pictured) Global Market Strategist, Invesco as she shares her thoughts, arguing that the risk to the wider banking sector is limited, and predicting
The Bank of England hiked interest rates by 25 basis points on Thursday to 4.25%, as expected, in the face of rising inflation. The Monetary Policy Committee voted 7-2 for
Fidelity International today announced the launch of the Fidelity Global Government Bond Climate Aware UCITS ETF, further expanding its climate-focused ETF investment solutions. The Fund is the third in a
Wealth managers are struggling to find MiFID II compliant solutions that accurately assess client risk suitability and ESG sustainability preferences whilst meeting the regulation. MIFID II regulations last year introduced
In 2023, digital archiving finds itself planted firmly in the corporate spotlight. The volume of data being consumed is growing rapidly in all facets of life, and certainly in the
Investors turn to gold amid SVB collapse, according to Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree. Financial markets were sent into a tailspin on the news of