After a strong start to the day, which led all the way up to the opening of US markets, most European equities closed Thursday lower…
FTSE 100 +0.20%
CAC 40 -0.43%
STOXX 50 -0.75%%
IBEX 35 -0.61
S&P 500: -0.98%
European stocks are still higher ahead of the US opening bell, with the FTSE 100 up 1.5%.
US indices futures are lower following Wednesday’s positive close. The Dow is at -0.52%, the S&P 500 is at -0.70% and the Nasdaq is at -1%.
Twitter has climbed premarket after Elon Musk revealed $7.2 billion in financing commitments for his deal to acquire the company.
Shopify has plunged over 13% after it missed earnings and revenue estimates, while also giving a cautious outlook.
Booking Holdings has gained 10% premarket after reporting better-than-expected earnings and revenue, driven by a rise in travel demand.
The BoE raises key rate by 25bps to 1%, in line with expectations.
The BoE said most MPC members think some degree of further tightening in monetary policy may still be appropriate in the coming months.
Here are the price target changes made on Wednesday for London-listed stocks…
Melrose Industries’ price target was cut to 215p from 240p at JPMorgan
Standard Chartered price target increased to 690p from 610p at JPMorgan
HSBC price target raised to 540p from 510p at JPMorgan
Barclays price target upped to 180p from 170p at JPMorgan
Barclays price target increased to 200p from 190p at Morgan Stanley
NatWest Group price target raised to 330p from 320p at Barclays
South32 price target trimmed to 250p from 260p at Barclays
After a strong close in US stocks yesterday following Fed chair Jerome Powell downplaying the odds of bigger rate hikes and the Fed increasing its benchmark interest rate by half a percentage point, European stocks are climbing.
FTSE 100 +1.42%
CAC 40 +2.25%
STOXX 50 +2.13%
IBEX 35 +1.57%
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