Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

FTSE 100 retreats from 2-year high

01/13/2022 | 04:55am EDT

London's FTSE 100 reached a two-year high yesterday after CPI data in the US was in line with expectations of a 7% rise in December. Markets were still buoyed by reassuring comments from Fed chair Jerome Powell. Miners outperformed as commodity prices grew.

The blue-chip index inched down 0.1% this morning, as a high pound hit exporters such as Diageo and Unilever.

Retailers Tesco and Marks & Spencer dropped 1.8% and 4.9% respectively, despite raising their profit guidance after strong Christmas sales, but this was not enough to satisfy markets.

Online fashion retailer ASOS jumped 7.6% after announcing plans to move to London Stock Exchange's main market.

 

Things to read today:

Fed Says Economic Optimism Showing Signs of Cooling in Places (Bloomberg)

Fed’s Bullard: Four Interest Rate Rises in 2022 Now Appear Likely (WSJ)


© MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASOS PLC 0.00% 1485 Delayed Quote.-37.89%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.73% 0.71493 Delayed Quote.-2.35%
BRITISH POUND / US DOLLAR (GBP/USD) 0.18% 1.26417 Delayed Quote.-6.98%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.31% 0.78551 Delayed Quote.-1.39%
DIAGEO PLC 0.22% 3646.5 Delayed Quote.-9.85%
EURO / US DOLLAR (EUR/USD) -0.11% 1.07254 Delayed Quote.-6.01%
FTSE 100 0.30% 7586.65 Delayed Quote.2.44%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.10% 0.012892 Delayed Quote.-3.94%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.73% 0.6527 Delayed Quote.-5.22%
TESCO PLC -0.23% 257.8 Delayed Quote.-11.00%
UNILEVER PLC 0.01% 3487.5 Delayed Quote.-11.60%