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.

Nasdaq’s resilient finish boosts UK markets

01/11/2022 | 05:08am EDT

As US Treasuries yields and fears about the Fed’s hawkish monetary policy rise, UK markets head down. Yesterday, the FTSE 100 fell 0.5%, while the FTSE 250 dropped 1.5%, hampered by cyclical stocks, while banks, telecom and consumer staples performed well.

However, investors sentiment is boosted today by the rather good finish to Wall Street trading yesterday, especially the Nasdaq 100, which ended in the green, after being heckled in the past few days. The FTSE was up 0.6% this morning.

Electrocomponents gained 1.6% after releasing a trading update for its third quarter ended Dec. 31st, with a 23% growth in comparable sales from the year-ago quarter. It now expects full year profit to be slightly ahead of consensus estimate.

Meanwhile, Britain's cyber security firm Darktrace raised its full-year revenue and margin guidance thanks to a close to 40% jump in customers.

Today the highlight is Jerome Powell's speech before US lawmakers at his confirmation hearing.


Things to read today:

The Bank of England Should Let Inflation Rip for a Bit (Bloomberg)

Fed will act to prevent entrenched inflation, Jay Powell to tell Senate (Financial Times)

Four Fed Hikes May Be Just The Start as Traders Boost Rate Bets (Bloomberg)

© 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.16% 0.71123 Delayed Quote.-2.40%
BRITISH POUND / US DOLLAR (GBP/USD) -0.07% 1.25325 Delayed Quote.-7.11%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.08% 0.78023 Delayed Quote.-1.14%
EURO / US DOLLAR (EUR/USD) -0.23% 1.07079 Delayed Quote.-6.03%
FTSE 100 -0.39% 7484.35 Delayed Quote.1.75%
FTSE MID 250 INDEX -1.47% 19849.82 Delayed Quote.-14.20%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.05% 0.012901 Delayed Quote.-3.95%
NASDAQ 100 -2.20% 11769.84 Real-time Quote.-26.26%
NASDAQ COMP. -2.35% 11264.45 Real-time Quote.-26.27%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.90% 0.65033 Delayed Quote.-5.73%
RS GROUP PLC -1.14% 908 Delayed Quote.-24.71%
S&P 500 -0.81% 3941.48 Real-time Quote.-16.63%