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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.

Good results from UK banks boost sentiment

07/29/2022 | 04:53am EDT

Recession fears are rising up a notch, after data showed US GDP fell 0.9% in the second quarter, and the Fed unveiled another 0.75% rate hike.

The Bank of England is due to unveil its monetary policy on August 4, and could chose a 0.5% rise, according to JPMorgan and HSBC, instead of the usual 0.25%.

However, strong forecasts from lenders NatWest and Standard Chartered lifted sentiment, and London's FTSE 100 was up 0.7% this morning.

NatWest jumped 8.0% after the bank raised its full-year guidance, while Standard Chartered gained 3.8% on an improved outlook.

Jupiter Fund Management fell 5.8% due to a fall in its half-year profit.

 

Things to read today:

U.S. Treasury yields edge lower after negative GDP reading (CNBC)

Germany Stagnates as Rest of Europe Beats Estimates: GDP Update (Bloomberg)


© MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC -1.98% 472.4 Delayed Quote.7.42%
JPMORGAN CHASE & CO. -1.23% 110.39 Delayed Quote.-31.97%
JUPITER FUND MANAGEMENT PLC -3.72% 94.35 Delayed Quote.-61.78%
NATWEST GROUP PLC -1.46% 228.9 Delayed Quote.-4.43%
STANDARD CHARTERED PLC -0.92% 582.6 Delayed Quote.31.13%