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ADVFN Morning London Market Report: Friday 10 May 2024

© ADVFN
10 May 2024 @ 10:36

London open: FTSE gains as UK exits recession London stocks rose in early trade on Friday as data revealed the UK is no longer in recession. At 0820 BST, the FTSE 100 was up 0.4% at 8,412.99, while sterling was 0.1% firmer versus the dollar at 1.2532. Figures released earlier by the Office for National Statistics showed […]

 

Guardian Stockbrokers Key Economic News Friday 10 May 2024

10 May 2024 @ 08:32
The key points from today’s economic news, brought to you by Guardian Stockbrokers. German current account surplus widened in November In Germany, current account surplus widened to €30.80 billion in November, compared to a surplus of €20.00 billion recorded in the previous month. US CPI advanced more than expected in December In the US, the […]
 

ADVFN Morning London Market Report: Thursday 9 May 2024

09 May 2024 @ 10:37
London open: Stocks nudge up ahead of BoE announcement London stocks nudged up in early trade on Thursday, with all eyes on the Bank of England policy announcement amid hopes of a summer rate cut. At 0840 BST, the FTSE 100 was up 0.1% at 8,358.68. Susannah Streeter, head of money and markets at Hargreaves Lansdown, […]
 

Guardian Stockbrokers Key Economic News Thursday 9 May 2024

09 May 2024 @ 08:34
The key points from today’s economic news, brought to you by Guardian Stockbrokers. German current account surplus widened in November In Germany, current account surplus widened to €30.80 billion in November, compared to a surplus of €20.00 billion recorded in the previous month. US CPI advanced more than expected in December In the US, the […]
 

ADVFN Morning London Market Report: Wednesday 8 May 2024

08 May 2024 @ 10:36
London open: Stocks gain as Informa, Wetherspoons rally London stocks rose in early trade on Wednesday, helped along by solid performances from the likes of Informa and Wetherspoons, as investors eyed this week’s Bank of England policy announcement. At 0835 BST, the FTSE 100 was up 0.4% at 8,348.46. Derren Nathan, head of equity research at Hargreaves Lansdown, said: […]
 

A decarbonising future: how Lorentz’s innovative patent is set to impact the green hydrogen market

08 May 2024 @ 09:59
In the quest for sustainable energy solutions, hydrogen has emerged as a frontrunner, promising a cleaner, greener future. Leading this transition is Lorentz, with its pioneering hydrogen production method poised to revolutionise the energy landscape. Lorentz’s revolutionising hydrogen production The innovative approach to hydrogen production originates from a technology patented in 1974 by...
 

Once a Meme, Now a Memecoin Sensation: Apu Apustaja

08 May 2024 @ 09:57
Driven by community support, Apu currently follows the path of SHIB, one of the biggest memecoins in the market.   Apu Apustaja, the endearing internet meme that captured the hearts of millions, has transcended its digital origins to become a sensation in the world of cryptocurrency. Initially hailed as the #1 meme across the internet, […]
 

Guardian Stockbrokers Key Economic News Wednesday 8 May 2024

08 May 2024 @ 08:27
The key points from today’s economic news, brought to you by Guardian Stockbrokers. German current account surplus widened in November In Germany, current account surplus widened to €30.80 billion in November, compared to a surplus of €20.00 billion recorded in the previous month. US CPI advanced more than expected in December In the US, the […]
 

ADVFN Morning London Market Report: Tuesday 7 May 2024

07 May 2024 @ 10:55
London open London stocks rallied in early trade on Tuesday following solid gains on Wall Street and in Asia, as investors mulled the latest data on house prices and retail sales. At 0840 BST, the FTSE 100 was up 1% at 8,293.97, having earlier risen above 8,300 for the first time. Figures released by Halifax showed that […]
 

Does the U.S. labor market hint at an imminent rate cut?

07 May 2024 @ 09:30
U.S. labor market data was released last Friday, showing that only 175,000 jobs were created in April. The markets reacted with a rise in the S&P 500 and a fall in the DXY dollar index. However, the extent of justified optimism remains questionable. Progress seems evident compared to March, when 315,000 jobs were created, excluding […]
 

MINING, OIL AND GAS

Petrel Resources Price: PET Surges Higher, Revisits Line of 3 Barrier Spot

11 May 2024 @ 20:56
As there has been a notable northward-crossing mode between the moving averages of Petrel Resources Plc shares company (LSE:PET), given that the financial price surges higher, revisits line of 3 barrier spot. As the candlestick trade formation pattern crosses the value line of three, it has been carrying a string of rejections. Bulls must be […]
 

Plexus Holdings Price: POS Is Restaging an Upswing, Featuring Around 14

10 May 2024 @ 10:49
A sizeable pathway to the downside has been formulated in line with some corrections that allow bears to reach a stop, as the POS Plc stock (LSE:POS) is currently re-staging an upswing, featuring around 14. A developing candlestick shows that those who are pushing for long positions are attempting to get back into the game […]
 

Atlantic Lithium Price: ALL Pushes Erratically, Striving for Increases

08 May 2024 @ 12:53
There has been a low capacity outlook in the way that bulls have been retarding against bears, as Atlantic Lithium Limited (LSE:ALL) currently pushes erratically from a lower trading zone of 18, striving for increases around 22 at the point of this writing. Around early period of March, the stock operations firstly aimed to trade […]
 

Greatland Gold Price: GGP Places Under Pressure, Finding Supports

08 May 2024 @ 08:00
The price journey so far in market activities has steadily and slowly been under the control of bears, as Greatland Gold Plc (LSE:GGP) is currently under pressure and finding support. From a technical point of view, the pushing rate of the dropping pressures has been seen to be reaching a significant lower end. The points […]
 

GLOBAL NEWS

Surface Transforms Price: SCE Wallows Lower, Losing a Consolidation Basis

12 May 2024 @ 09:23

It has exhibited that some falling forces that have come up in favor of bears against bulls in the exchange lines of Surface Transforms Plc (LSE:SCE), presently showcases that the price is wallowing lower, losing a consolidation basis. The price actions observed in the stock operations indicate that the candlesticks have shrunk to smaller proportions […]

 

Petrel Resources Price: PET Surges Higher, Revisits Line of 3 Barrier Spot

11 May 2024 @ 20:56
As there has been a notable northward-crossing mode between the moving averages of Petrel Resources Plc shares company (LSE:PET), given that the financial price surges higher, revisits line of 3 barrier spot. As the candlestick trade formation pattern crosses the value line of three, it has been carrying a string of rejections. Bulls must be […]
 

The Quest for Stability: The Advantages of Using USDT

10 May 2024 @ 14:55
Cryptocurrencies, while groundbreaking, often suffer from extreme price fluctuations, rendering them unsuitable for everyday transactions. This necessity for stability spurred the development of stablecoins like USDT, designed to maintain a steady value. In this discourse, we delve into the utility of USDT for daily use, exploring its multifaceted roles within the cryptocurrency realm. The...
 

Ethereum Approaches Key Support Level of $2590.0

10 May 2024 @ 11:20
Ethereum’s current price movement has led to the formation of a bullish flag pattern on the daily chart, signaling potential market dynamics. The prevailing market structure is marked by a series of lower highs and lows, culminating in proximity to the significant support level of $2590. This pivotal support level holds substantial importance in guiding […]
 
 
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