24 June 2022 Higher end grocers weaker in early trade as the penny-pinching habits rise. Brent crude drops below $110 amid global recession fears. The pound hovers around $1.22 brushing…
Stock Markets
Look ahead to FTSE 350, other companies reporting & economic events from 27 June – 1 July 2022
• Polar Capital Holdings looks to diversify away from the struggling tech sector. • It will be revealed whether inflation’s derailed Petrofac’s rebuilding year. • Moonpig will hope to reverse poor market sentiment. Polar…
GLOBAL & REGIONAL DAILY HIGHLIGHTS June 23 2022 Global Markets Addressing the Senate Banking Committee in the context of the Fed’s semiannual Monetary Policy Report to Congress, Fed Chair Powell…
FTSE 100 down 1.3%, with CAC 40 and DAX seeing steeper declines. Goldman Sachs warns the risk of a US recession has doubled. Brent crude prices fall 3% to $110…
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown ‘’The latest temperature check of the UK economy shows the mercury rising again, with no end yet in sight to feverish price…
ATHENS, GREECE, June 21, 2022 – Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it…
A sprinkle of positivity sugars financial markets despite inflation worries prompting mass UK strikes
The FTSE 100 opens higher, but gains may be capped due to inflationary pressures. Largest rail strike in 30 years commences over wages as the cost-of-living crisis escalates. Brent Crude rises…
GLOBAL & REGIONAL DAILY HIGHLIGHTS June 21 2022 Global Markets ECB’s President Lagarde affirmed a 25bps rate hike in July followed by further rate hikes in September and beyond, the magnitude…
ECB to design new anti-fragmentation instrument, High inflation challenges central banks’ green push, and more
ECB to design new anti-fragmentation instrument By Lewis McLellan The return of inflation and a backdrop of rising rates have led to a rapid widening of European government bond spreads.…
Market report: Chilly start to the week for financial markets as worries persist about a global downturn
Market report: Chilly start to the week for financial markets as worries persist about a global downturn Lacklustre start for the FTSE 100 as chill descends over global markets. Bitcoin…
Bungled monetary policy raises stakes for issuers and investors, High inflation challenges central banks’ green push, and more
Bungled monetary policy raises stakes for issuers and investors By Philip Moore Inflation and geopolitics have become the primary concerns of global public investors, supplanting the winding-down of central bank…
Market Report: A sinking feeling hits indices around the world over worries about recession
Wall Street in the red, with the S&P 500 falling 3.2% and NASDAQ down 4%. Investors nervous about recession threat given super-hot inflation. FTSE 100 opened up briefly before reversing …
Leading brokers open up IPO and secondary fund-raising markets to retail investors AJ Bell and Hargreaves Lansdown launch new retail share offer service The service enables: Increased retail investor participation…
GLOBAL & REGIONAL DAILY HIGHLIGHTS June 15 2022 Global Markets All eyes today are on the FOMC monetary policy outcome and Fed Chair Jerome Powell’s press conference afterwards, with money…
Market Report: Shivers of anticipation ahead of key central bank decision while confidence in UK growth plummets
Nervousness among investors ahead of US Federal Reserve meeting. Chinese industrial data shows recovery but concerns over Covid curbs remain. US bond yield curve inverted – one indicator a US…
The Nasdaq fell almost 531 points or 4.5% to its lowest level since October 2020. The S&P 500 fell 3.9% while the Dow Jones was down 2.8%, each at the…
Falling Dry market; Wets rising, Oil too. Geopolitics as turbulent as ever and Posidonia 2022 ends on a happy note
The BDI (Baltic Dry Index) fall continued both on a daily as well as on a weekly basis. Geopolitics given the Ukrainian mess will bother us for the foreseeable future……
Market report: Inflation still scaring the horses on financial markets with stocks galloping lower
European indices slide after falls on Wall Street Inflation causing a fresh jump in anxiety Traders await the US Consumer Price Index for May Fresh Covid curbs in China helps…
Feel good factor ripples through FTSE as oil marches up and the pound hovers at near two year lows
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: ‘’The bunting has stayed in position for the FTSE 100 and FTSE 250 with a feel good factor rippling through the…
GLOBAL & REGIONAL DAILY HIGHLIGHTS June 6 2022 Global Markets Oil continues its rising streak on Monday, after Saudi Arabia raised prices for its crude sales in July, with Brent…
Dry and Wet Markets fall; the drums of WWIII can now be heard louder amid multiple “epidemics”, whilst Posidonia kick starts
The BDI (Baltic Dry Index), due to the public holidays for HM the Queen’s Platinium Jubilee, wasn’t published on 2 and 3rd of June, hence the figures are those of…
OceanPal Inc. Reports Financial Results for the First Quarter Ended March 31, 2022; Declares a Cash Dividend of 1 Cent Per Share
ATHENS, GREECE, June 03, 2022 – OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $414 thousand and…
Lethargic start from the FTSE 100 as Russian oil is cut off and B&M warns of price pressures
FTSE 100 opens up just 0.2% as EU cuts off most Russian oil Chinese economic data not as bad as feared Value chain B&M sees sales fall 2.4% Brent crude…
Evergreen International Corp. Calls on Evergreen Marine Corporation Shareholders to Vote Against Capital Reduction by Cash Refund
TAIPEI, TAIWAN (May 30, 2022) Evergreen International Corp., a corporate shareholder (4.96%) in Evergreen Marine Corp., one of the world’s largest container shipping companies, today requested EMC shareholders vote against a…
Dry Market dries out; Wets still enigmatic. War in Ukraine gets worse and Covid looms in the background
The Dry Market had one of its worse weeks with the BDI (Baltic Dry Index) diving down to 2,681 points, thanks to the volatile Capes – losing 660 points since…