ft.com
There was much fanfare in 2023 about Denmark’s Novo Nordisk, which became Europe’s most valuable company. But in the race to be crowned the region’s best-performing mainstream stock, there was no contest: Britain’s Rolls-Royce achieved that accolade. The engine maker soared about 220 per cent in 2023, eclipsing the drugmaker’s 49 per cent rise, to become the best-performing stock of the Stoxx Europe 600 index, the continent-wide benchmark. A steady stream of well-received announcements propell…
12 months ago
ft.com
Wall Street’s S&P 500 index is likely to set new highs and deliver double-digit returns in the coming months after racking up records so far this year if its historical performance is any guide. Since 1950 the blue-chip index has typically hit multiple all-time highs in the 12 months after it has once breached a record, providing more than a year has passed since its previous high, according to Keith Lerner, chief market strategist at Truist Advisory Services. Once it has broken its dry spell,…
11 months ago
ft.com
US stocks have risen in tandem with the dollar this year, in a break with historical trends that has led some analysts to question how much longer the rally can withstand the greenback’s strength. The dollar has climbed 4.7 per cent against a basket of six peer currencies this year, while in the same period Wall Street’s benchmark S&P 500 has added 7 per cent. “If the dollar continues to trend higher, equities will struggle,” said Mislav Matejka, head of global equity strategy at JPMorgan. “Hi…
8 months ago
ft.com
Tesla’s share of US electric vehicle sales slid below 50 per cent for the first time, as the world’s largest EV maker faced increased competition in its domestic market. Elon Musk’s auto group saw its share in the battery-run car market fall to 49.7 per cent in the second quarter, down from 59 per cent a year earlier, according to Cox Automotive, a leading car services and data group. The EV maker faced increased competition that had led to “continued price pressure”, said Stephanie Valdez Str…
6 months ago
ft.com
S&P 500 suffers worst day since a bout of volatility last month as investors await payrolls data
4 months ago
ft.com
Policymakers are lowering rates and signalling new confidence that a ‘soft landing’ is possible. But few are ready to declare victory
3 months ago
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