12 June 2025
Russ Mould: What to expect from Ashtead, Speedy Hire and Berkeley when they report next weekAJ Bell Investment Director, Russ Mould tells us about some macroeconomic news to keep an eye out for in the coming week, as well as taking a look at what analysts are likely to expect from Ashtead (AHT), Speedy Hire (SDY) and Berkeley (BKG) when they report next week.
12 June 2025
Daily market update: BP, Shell, tariffs, Halma, Tesco, Poundland“Having narrowly missed closing at a new record high last night, the FTSE 100 held firm at the market open as strength in energy and tech was offset by weakness in banking shares,” says AJ Bell Investment Director Russ Mould.
“Escalating tensions between the US and Iran helped oil prices to a two-month high and gave heavyweight stocks BP and Shell...
11 June 2025
More companies queue up to transfer from AIM to London’s Main Market as junior market approaches 30th birthdayAIM turns 30 on 19 June and its celebrations have been overshadowed by the shrinking number of companies on the market. While it is natural to see the tail end disappear as tiny companies cannot justify the cost of being listed, and takeovers across the market continue with pace, there is an underappreciated trend elsewhere.
The number of AIM...
11 June 2025
Daily market update: GameStop, Inditex, UK takeovers, Ricardo, TSMC“The FTSE 100 looks like it might attain the closing high it missed by a whisker yesterday as positive news on trade talks between the US and China boosted sentiment,” says AJ Bell Investment Director Russ Mould.
“Banks, housebuilders and miners did the heavy lifting for the index with the retail sector proving a drag on Wednesday morning after...
10 June 2025
Daily market update: Rolls-Royce, Bellway, Marks & Spencer, Diageo, Filtronic“Most European markets edged high as investors patiently waited for news on US/China trade talks,” says Russ Mould, Investment Director at AJ Bell.
“Where there is still a sense of cautiousness around how to position portfolios for the longer term, there were enough corporate news flow to spur trading in a range of stocks.
“UK housebuilders were at...
9 June 2025
Is the main US stock market index too reliant on just a handful of companies?Even though US stock indices hold hundreds of names, your diversification may be less than you think because of how companies are weighted in the index.
They are weighted by the value of each stock – so various companies worth trillions of dollars will account for a much bigger chunk of the index than those worth low billions of dollars.
This year...
9 June 2025
Daily market update: Revolution Beauty, Frasers, Boohoo, WPP“The FTSE 100 held firm at the start of the new trading week as investors continued to wait for trade talk updates,” says AJ Bell Investment Director Russ Mould.
“Miners were higher despite weak data from China as the impact of the trade tensions between the world’s second largest economy and the US was laid bare. Exports to America plunged and...
6 June 2025
Trump-Musk spat could get ugly for Tesla, Intuit’s record high plus Broadcom, Dollar GeneralUS markets moved tentatively higher this week amid weakening economic data as investors nervously await key monthly non-farm payrolls jobs data on Friday (6 June). There was also the spat between Donald Trump and his one-time cheerleader-in-chief Elon Musk over the former's so-called ‘Big Beautiful Bill’ to throw investors into a mild panic...
6 June 2025
Daily market update: FTSE 100, Tesla, HSBC, Rosebank“The UK stock market was a rare bright spot among a lacklustre session for European equities on Friday,” says Russ Mould, Investment Director at AJ Bell.
“The FTSE 100 advanced 0.2% to 8,829, with two thirds of the index’s members in positive territory. Utilities and healthcare led the charge as investors focused on dividend-paying defensive-style...
5 June 2025
Daily market update: ECB rate decision, Wise, Wizz Air, Mitie, Marlowe, Dr Martens“European shares tread water ahead of the European Central Bank's (ECB) interest rate decision,” says Russ Mould, Investment Director at AJ Bell.
“The ECB is widely expected to cut the cost of borrowing. Investors will be more focused on any signals regarding the pace of any further potential cuts.
“Inflation isn’t a problem, but sluggish economic...
4 June 2025
Daily market update: Trump's trade policy, FTSE 100, Airbus, WH Smith, B&M“Markets remain in a holding pattern pending an update on trade negotiations between the Trump administration and various foreign governments,” says Russ Mould, Investment Director at AJ Bell.
“All eyes are on China given it is currently the biggest loser from Trump’s new trade policy, and it looks like we’re still some way off from a deal between...
3 June 2025
Daily market update: Thames Water, British American Tobacco, MJ Gleeson, Dalata Hotel“European equity markets struggled to find direction early on Tuesday, with investors still showing signs of nervousness around tariffs and the economic outlook,” says Russ Mould, Investment Director at AJ Bell.
“The Organisation for Economic Co-operation and Development (OECD) has downgraded its forecast for global economic growth as the effects...
2 June 2025
Daily market update: Trump, defence stocks, Anglo American, Indivior“Donald Trump has upset markets once again,” says Russ Mould, investment director at AJ Bell.
“Doubling import taxes on steel and aluminium, and aggravating China once again, mean we face a situation where uncertainty prevails. Trump’s continuous moving of the goal posts is frustrating for businesses, governments, consumers and investors.
“Equity...
30 May 2025
Nvidia earnings and court block on tariffs boost marketsSentiment continued to swing back and forth this week with traders fretting over the ‘Big Beautiful Bill’ and fears of stagflation one minute, then leaping up and down over a surprise trade court ruling blocking Trump’s tariffs and positive earnings the next.
Treasury bond yields resumed their upward trajectory, with the 30-year once again...
30 May 2025
Daily market update: FTSE 100, US rally, M&G, Costco“The story on tariffs has more twists than an M. Night Shyamalan film, with a federal court providing the latest plot point overnight,” says AJ Bell investment director Russ Mould.
“The relatively muted response to the US Court of International Trade ruling apparently wiping out tariffs on Wednesday betrayed an understandable scepticism about that...
29 May 2025
Russ Mould: A look at upcoming results for British American Tobacco, Pennon and Paragon BankingIn this week's update, Russ Mould, AJ Bell Investment Director, runs us through which companies are scheduled to report in the coming week with a particular focus on British American Tobacco, Pennon, and Paragon Banking.
29 May 2025
Daily market update: Tariffs ruling, Nvidia, China & US trade policy, Auto Trader“The US Court of International Trade has generated some hope in the market that the tariff threat might be wiped away with its latest ruling,” says AJ Bell investment director Russ Mould.
“For the court to determine that President Trump didn’t have the authority to impose the ‘Liberation Day’ tariffs is a pretty seismic development.
“That the gains...
28 May 2025
Daily market update: Kingfisher sticks with guidance despite UK beat and Pets at Home solid“The FTSE 100 ticked higher after an increase in US consumer confidence and a delay on the punishing EU tariffs announced by the Trump administration helped US stocks to surge overnight,” says AJ Bell investment director Russ Mould.
“However, with US futures pointing to some retrenchment when Wall Street resumes trading later, it’s clear there is...
27 May 2025
Daily market update: UK stocks rebound after US U-turn on EU tariffs and Tesla faces BYD threat“The latest U-turn on tariffs from the Trump administration gave European markets a boost yesterday and have helped UK stocks return from the Bank Holiday with pep in their step,” says AJ Bell investment director Russ Mould.
“The market is beginning to come to the view that the US trade policy’s bark is worse than its bite as an initial threat of...
23 May 2025
Markets get ready for NVIDIA’s first-quarter resultsGlobal stock markets have rallied hard and one major source of support has been the so-called Magnificent Seven of Alphabet, Amazon, Apple, Meta, Microsoft, Tesla and NVIDIA, whose collective stock market capitalisation of $16.6 trillion is 10% below the peak reached on Christmas Eve last year and more than a quarter above the low reached on 8...
23 May 2025
Bond yields move higher as stocks retreatStocks started on the back foot this week after credit rating agency Moody’s downgraded US government debt amid worries over persistent budget deficits and rising debt levels.
Stocks came under further pressure on Wednesday (21 May) following weak investor demand in a 20-year bond auction which saw yields settling at 5.04% compared with 4.83% in...
23 May 2025
Daily market update: European shares move higher and Games Workshop slips on licencing forward guidance“It was a solid end to the trading week for European equities, helped by Germany’s economy growing faster than previously thought and strong investor interest in pharma and energy stocks,” says Russ Mould, investment director at AJ Bell.
“The Dax has been a bright spot in global markets this year as investors lock on to a region where the...
22 May 2025
Russ Mould : A look at the Magnificent Seven as markets rallyAJ Bell Investment Director, Russ Mould runs us through market updates in the coming week with a particular focus on NVIDIA.
22 May 2025
Daily market update: Rio Tinto, BT, EasyJet, Johnson Matthey, QinetiQ“Market weakness across Asia and Europe only looks like a minor pullback rather than anything to worry about,” says Russ Mould, Investment Director at AJ Bell. “Futures prices imply a better day ahead for Wall Street and that could help to lift market spirits.
“The FTSE 100 was dragged down by energy stocks and a negative reaction to BT’s results...
21 May 2025
Why is my investment trust asking me for a continuation vote?If you are a shareholder in an investment trust, you may receive communications asking you to participate in a continuation vote.
A continuation vote for an investment trust is simply a vote to ask if the trust should keep going as an investment vehicle, or if it should be shut down. When an investment trust is wound up, the assets are liquidated...
