Sam Unsted

London

Editor, Markets Today at Bloomberg News

Markets Today for @bloomberguk. Views own, RTs not endorsements. South London evangelist. Has knowledge of many things, expertise in very few

Articles

FTSE 100 Live: Pound Rises as UK Inflation Stays Well Above BOE’s Target - Bloomberg

1 week ago | bloomberg.com | Sam Unsted |Morwenna Coniam |Isabella Ward

FTSE 100 Live: Pound Rises as UK Inflation Stays Well Above BOE’s Target
FTSE 100 Live: UK Stocks Fall in Broad Selloff, UK Bond Yields Rise

1 week ago | bloomberg.com | Morwenna Coniam |Isabella Ward |Sam Unsted

While the pound’s drop today follows a small advance yesterday, it’s notable that it’s again underperforming the majority of G-10 peers. Yesterday it lagged other currencies such as the euro, even as it benefitted from dollar weakness. A gauge of the dollar today is little changed, as attention is perhaps less on trade issues and more on concerns about the Middle East, so the pound’s decline is not purely a counterpoint to sentiment towards the US currency.
FTSE 100 Live: Pound Regains Ground, Oil Prices Extend Jump

1 week ago | bloomberg.com | Sam Unsted

Oil prices have pared an earlier rise but held onto the jump seen at the end of last week as Israel and Iran continue attacks on each other. Brent oil jumped by as much as 5.5% earlier, before paring that rise to around 0.6%. Israel launched an attack on the South Pars gas field, forcing the halt of a key production platform. The biggest fear remains around the Strait of Hormuz, where Middle East oil producers ship around a fifth of the world’s daily output.
Live: FTSE 100 to Fall, Pound Slides After Israel Hits Iran’s Nuclear Sites

2 weeks ago | bloomberg.com | Sam Unsted

The rise in oil and gold prices may mean, as futures are indicating, that the FTSE 100 will outperform other benchmarks even as they all fall. Though their influence on the index has diminished, Shell and BP remain two of its largest stocks. The gold miners are much smaller but, owing to their big jumps this year -- Fresnillo up 128%, Endeavour up 64% -- that’ll be more significant than it was in the past.
FTSE 100 Live: Pound Tests $1.36 Ahead of UK GDP Data

2 weeks ago | bloomberg.com | Sam Unsted

Economists expect output to have fallen by 0.1%, compared to 0.2% growth in March. A reminder that the monthly GDP figures are more prone to volatility than the quarterly readings.
FTSE 100 Live: Pound Tests $1.36 Ahead of UK GDP Data

2 weeks ago | flipboard.com | Sam Unsted

9 hours agoAirtime Denied: Trump B-Day, Military Parade Gets Streaming TreatmentPresident Donald Trump's upcoming birthday bash comes with tanks, troops—and no primetime.What Happened: A $45-million military parade in Washington …10 hours agoStocks sputter after surprising inflation, China trade newsThe S&P 500 reversed early gains. The stock market needs a new catalyst.
FTSE 100 Live: UK Stocks Set to Slip After Missing Out on Record

2 weeks ago | bloomberg.com | Sam Unsted

Good morning and welcome to Markets Today. FTSE 100 futures are a little lower. The index ultimately failed to notch up a new record high yesterday, having been on track for a good portion of the session. The pound is down 0.1%, slipping back below $1.35. Stay with us for everything that matters to UK markets.
FTSE 100 Live: Stocks Flat, Pound Down Ahead of UK Jobs Data

2 weeks ago | bloomberg.com | Sam Unsted

Wage growth will be the main area of interest for the labour market data we’re getting at 7 a.m. Here’s what economists expect: Headline wage growth, including bonuses, at 5.5% for the three months to April, the same as the prior reading Wages without bonuses at 5.3%, slowing from 5.6% Private sector earnings growth at 5.3%, also compared to 5.6% in the last report Unemployment is expected to tick slightly higher to 4.6% from 4.5%, though the jobs data comes with all the usual caveats about...
FTSE 100 Record in Sight, Pound Rises

2 weeks ago | bloomberg.com | Sam Unsted

Good morning and welcome to Markets Today. FTSE 100 futures are about flat, with the index on a six-day winning streak and a new record high in sight. The pound is trading between $1.35 and $1.36 against a weaker dollar. Stay with us for everything that matters to UK markets.
FTSE 100 Record in Sight, Pound Slips Back From $1.36

3 weeks ago | bloomberg.com | Sam Unsted

The chairman of HSBC is to step down after nearly eight years in the job, a move that comes amid the sweeping restructuring of the bank. Mark Tucker is leaving to take over as chair of AIA Group, the Hong Kong-based insurer that he led in the past. Brendan Nelson becomes interim chairman. Tucker’s exit comes as Chief Executive Officer Georges Elhedery undertakes a restructuring to streamline the lender, which makes the bulk of of its profit in Hong Kong to boost efficiency.