1 May 2025
Why transport stocks can help gauge the effect of tariffsA big rally from the 8 April lows means the NASDAQ Composite is now in the black for this month, while the S&P 500 is flat.
This may look to vindicate a ‘buy-on-the-dip’ strategy, and persuade the White House that all is still going to plan, but the Dow Jones Industrials is down and so is the Dow Jones Transports, so there remains the risk that...
1 May 2025
Daily market update: Lloyds, Tesla, Rolls-Royce, Clarkson, Whitbread“The FTSE 100 was firm in early trading,” says AJ Bell Investment Director Russ Mould.
“Ever since President Donald Trump announced his partial U-turn on tariffs on 9 April the index has been on the rise.
“There was plenty of corporate news for the markets to digest on Thursday morning – with the good, bad and ugly all represented.
“Banks, energy...
30 April 2025
Daily market update: GSK and Barclays impress with results, Glencore disappoints“The FTSE 100 held firm as corporate results came thick and fast”, says AJ Bell Investment Director Russ Mould.
“GSK’s upbeat tone helped to lift the broader pharma sector while Barclays’ results pleased the market.
“Acting as an anchor to the UK index was Glencore which fell after issuing weak first-quarter production numbers. The mining and...
29 April 2025
Which countries' markets have recovered from Liberation Day?The recovery in global markets since the crash caused by Donald Trump’s Liberation Day tariff announcement is gathering pace.
Brazil, India, Japan and UK mid-caps have fully recovered and Germany is within a whisker of doing the same. Anyone who held their nerve and didn’t panic sell when markets started to crash on 3 April will now be reaping the...
29 April 2025
Daily market update: AstraZeneca, HSBC, BP, Associated British Foods, Entain“Banks, defence and miners did their best to lift the FTSE 100, yet the negative pressures were too great from pharma and energy stocks for the UK index to make any headway,” says AJ Bell Investment Director Russ Mould.
“A significant amount of corporate news flow gave investors food for thought. News flow has generally been good for the first...
28 April 2025
Daily market update: FTSE 100, Wall Street, Deliveroo“A weekend light on drama was just what the doctor ordered for financial markets and the FTSE 100 made a strong start on Monday to move closer to recovering all of its post-Liberation Day losses,” says AJ Bell Investment Director Russ Mould.
“Domestic focused names, including housebuilders and retailers, were among the gainers in London.
“Recent...
25 April 2025
Google parent Alphabet shines brightly in a volatile week for US marketsThe US markets have come full circle thanks to several U-turns from the Trump administration on tariffs and its attacks on US Fed chair Jerome Powell.
Over the past three trading sessions, the tech-heavy Nasdaq index has soared more than 8%, the S&P 500 by a little more than 6% and the Dow Jones Industrial Average Index by more than 5%.
These gains...
25 April 2025
Daily market update: Alphabet, Intel, WPP, Evoke, Mobico“Another strong session on Wall Street yesterday lifted spirits at the end of the trading week, resulting in small but welcome gains across much of European equities markets on Friday,” says Russ Mould, Investment Director at AJ Bell.
“France and Spain led the way with 0.3% gains apiece, while the FTSE 100 tried its hardest to keep its head above...
24 April 2025
Daily market update: Nestlé, Pod Point, Unilever, ASOS, Kering“Markets paused for breath after the recent rally as investors were treated to a barrage of corporate news to get their heads around,” says Russ Mould, Investment Director at AJ Bell.
“As always, the outlook statement was more important to investors than the backward-looking numbers. Comments about tariffs from business leaders are omnipresent and...
24 April 2025
Russ Mould: What to expect from HSBC, Shell & Apple when they report in the coming weekAJ Bell Investment Director, Russ Mould gives us a rundown of the companies scheduled to report next week and talks specifically about what to expect from HSBC, Shell & Apple.
23 April 2025
Why Tesla shares remain popular with AJ Bell customers despite disappointing financial resultsTesla’s first-quarter delivery and production numbers on 2 April were as ugly as its Cybertruck design. That meant expectations were rock-bottom in the run-up to its financial results and it’s why the shares didn’t tank upon release of the Q1 earnings on 23 April.
The shares moved higher following the financial results, predominantly driven by the...
23 April 2025
Daily market update: Croda, THG, Tesla, Reckitt“European markets including the UK enjoyed a solid bounce following yesterday’s strong rally on Wall Street,” says Russ Mould, Investment Director at AJ Bell.
“There are several reasons why markets have moved higher. Yesterday, Treasury Secretary Scott Bessent said the trade war between the US and China was unsustainable, with Donald Trump...
22 April 2025
European stocks, gold, Tesla, DCC“European markets started back after Easter in steady enough fashion despite a continuing flight from US assets,” says AJ Bell Investment Director, Russ Mould.
“Persistent comments from President Donald Trump, which put the independence of the US Federal Reserve in question, resulted in weakness in the dollar, US Treasuries and Wall Street...
22 April 2025
Why investors need to keep watching the yenPolicy statements on trade, the tariffs and the dollar from Washington and Beijing are dominating the headlines and the attention of stock, bond, commodity and currency markets. But investors must pay heed to what is going on in Tokyo, too.
A major rally in the yen was fingered as the cause of last August’s brief stumble in share prices around the...
17 April 2025
US markets remain choppy amid tariff uncertainty, Nvidia faces export controls hitThe US market continued to endure volatility amid the unpredictable trade policy of the Trump administration.
After bouncing back with a real bang last week on news of a 90-day pause on most reciprocal tariffs, stocks were once again on the back foot as the trade war between the US and China showed little sign of dampening down. Though hopes of...
17 April 2025
FTSE 100, gold, Sainsbury's, Dunelm“The FTSE 100 was lower in early trading after selling in the US overnight and despite gains for Asian indices,” says AJ Bell Investment Director Russ Mould.
“Discussions between the US and Japan on trade and noises that China might be open to its own negotiations on trade helped improve the mood music in Asia.
“Elsewhere, Taiwanese chip...
17 April 2025
Russ Mould: What to expect from Tesla and Amazon next weekIn this weeks video Russ runs through what to look out for when Tesla and Amazon both report their first quarter earnings next week.
16 April 2025
FTSE 100, Bunzl, Barratt Redrow, WH Smith“The FTSE 100 was firmly lower early on Wednesday as investors reacted to the latest developments on tariffs and trade,” says AJ Bell Investment Director Russ Mould.
“A warning from AI chips champion Nvidia that it will face a $5.5 billion hit from tightened US controls on exports to China marks a new chapter in the escalating tit-for-tat between...
15 April 2025
FTSE 100, luxury brands, Halfords, B&M“The FTSE 100 made a strong start to proceedings on Tuesday after comments from US Vice President JD Vance that there’s a ‘good chance’ of a UK-US trade deal,” says AJ Bell Investment Director Russ Mould.
“Suggestions there might also be a softening of tariffs on the motoring sector also helped lift the mood – with names which have sold off most...
14 April 2025
Gold, Goldman Sachs, Wood Group“An announcement slipped out quietly late on Friday exempting smartphones and other electronic goods and components from reciprocal tariffs is making a big noise in the markets on Monday,” says AJ Bell Investment Director Russ Mould.
“Asian stocks made meaningful advances on the show of flexibility and European markets opened firmly higher too...
11 April 2025
Markets soar after Trump walks back tariffsIf ever there was a week for the history books, this was it.
Having set out a raft of half-baked trade tariffs on 60-odd nations last week, sending stocks, Treasury bonds and the dollar into a tailspin, President Trump promptly went back on his word on 9 April and suspended most tariffs for 90 days with the exception of those on China, which were...
11 April 2025
Russ Mould: Taking a broader look at the Trump tariffsAJ Bell Investment Director, Russ Mould steps back and takes a broader look at the Trump tariffs and their effects on global markets.
11 April 2025
Daily market update: UK GDP surprises, Shein IPO, BP“It was a pleasant surprise to see UK stock markets moving higher for the second day in a row in early trading,” says Russ Mould, investment director at AJ Bell.
“When you consider that US markets fell by 3% to 4% last night on Wall Street and tariff uncertainty continues to dominate the headlines, one might have expected investors to be feeling...
10 April 2025
Daily market update: Trump tariffs, European stocks, China trade war, Tesco“If you felt a bit of a breeze around 6.30pm UK time last night it was probably the cumulative effect of countless global investors breathing a massive sigh of relief,” says AJ Bell investment director Russ Mould.
“News that the particularly punishing ‘reciprocal’ tariffs introduced by the Trump administration would be put on hold saw substantial...
9 April 2025
Six factors that could cause markets to rebound or fall furtherMarkets are acting like a yo-yo, slumping on the Liberation Day announcement for three trading days in a row, then jumping back and forth.
Given Trump’s unpredictability, it’s impossible to know where markets will go next. However, there are three potential factors that could trigger a rebound, and three more that could take markets even lower.
If...
