Markets

What you need to know before the open

Today's top story: Elon Musk says a private Tesla would be an 'enormous opportunity'

Today's leader: London is starting to fix its housing crisis – but there's still a way to go

Tesla shares jumped 11 per cent after boss Elon Musk tweeted that he was thinking about taking the tech company private.

Wall Street stocks climbed yesterday, with the S&P 500 index gaining 0.29 per cent to stand at 2,858, only 14 points off its record high which it reached in January.

An encouraging second-quarter earnings season has boosted confidence in the US economy, as S&P 500 firms saw profits rise 23.5 per cent in the second quarter, according to Thomson Reuters.

Asian shares continued to recover boosted by decent US earnings – MSCI's index of Asia-Pacific shares outside Japan rose 0.3 per cent, while Japan's Nikkei gained 0.4 per cent.

European markets will begin the day largely flat. The FTSE 100 will open 0.1 per cent up at 7,727, while the German Dax will gain 0.06 per cent to open at 12,656 and France's Cac will open 0.04 per cent down at 5,519, according to IG Squawk.

​Corporate news

  • Paddy Power – said profits crept up four per cent in the first half
  • Majestic Wine – holds its annual meeting today
  • Fox – late yesterday posted its offer document for its 14 pound a share offer for Sky

Data

  • 13.45 – US Federal Open Market Committee member Thomas Barkin speech
  • 00.01 – UK RICS Housing Price Balance (July)

Related Articles

4 Comments

  1. 885734 409246Soon after study several of the content material within your website now, we genuinely such as your technique of blogging. I bookmarked it to my bookmark internet site list and will also be checking back soon. Pls check out my web-site likewise and make me aware what you believe. 876325

  2. magnificent put up, very informative. I’m wondering why the
    other experts of this sector do not realize this. You must proceed your writing.
    I’m sure, you’ve a great readers’ base already!

  3. I have read a few excellent stuff here. Certainly worth bookmarking for revisiting.

    I wonder how much effort you place to create this sort
    of magnificent informative web site.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button