FTSE 100: +0.50%
CAC 40: +0.39%
Stoxx 50: +0.68%
IBEX 35: +0.85%
S&P 500 -1%
European equities are still trading positively, heading into the US open.
US indices futures are pointing to a lower open, with the Dow at -0.34%, the S&P 500 at -0.82%, and the Nasdaq at -1.12%.
Amazon stock is down 10% premarket after a weak sales forecast
After initially falling premarket, Tesla is now up 2% following news that CEO Elon Musk had sold $4 billion worth of shares in the company. He did, however, state that no more sales are planned.
Robinhood is down 11% after it missed earnings and revenue expectations and users fell following a post-pandemic pullback.
Barclays has suspended market-making activities in its own debt securities, according to reports, after a blunder saw it mistakenly issue $15 billion of U.S. securities.
Hiscox price target increased to 1,250p from 1,085p at Credit Suisse
WPP price target raised to 1,210p from 1,200p at Credit Suisse
Rentokil price target boosted to 625p from 600p at Credit Suisse
Wise plc price target cut to 640p from 800p at Credit Suisse
Lloyds Banking’s price target was lifted to 45p from 44p at RBC Capital
IWG price target trimmed to 280p from 300p at RBC Capital
Lloyds Banking’s price target was raised to 61p from 58p at UBS
London Stock Exchange price target increased to 8,500p from 8,150p at UBS
Wizz Air’s price target reduced to 5,400p from 6,100p at JPMorgan
Fresnillo price target decreased to 850p from 900p at JPMorgan
easyJet price target lowered to 600p from 620p at JPMorgan
Aveva price target decreased to 3,625p from 4,500p at JPMorgan
WPP price target boosted to 1,330 p from 1,280p at JPMorgan
WH Smith’s price target raised to 1,760p from 1,737p at JPMorgan
QinetiQ price target raised to 350p from 345p at JPMorgan
Persimmon’s price target increased to 3,110p from 2,830p at JPMorgan
GlaxoSmithKline price target raised to 1,900p from 1,740p at JPMorgan
Drax Group price target upped to 950p from 700p at JPMorgan
Tharisa price target was raised to 260p from 250p at Berenberg
Anglo Pacific’s price target was increased to 260p from 250p at Berenberg
European markets are trading higher again Friday…
FTSE 100: +0.34%
CAC 40: +0.69%
Stoxx 50: +0.98%
IBEX 35: +0.40%
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Tim Worstall is a freelance writer specialising in economics and the financial markets.