Amazon shares hit the $1,000 mark earlier today for the first time, before falling back (its shares up 40% in the last year). Back in the UK after some earlier heavier selling British Airways-owner IAG saw its shares end Tuesday down -0.54% at 610.71p.
Earlier Goldman Sachs reiterated its Buy rating on the stock with a target price of 705p on the stock.
The euro crept nearer to the 1.1200 threshold buoyed by market hawkish ECB noises. Shortly after 4pm the euro-dollar pair was at 1.1179, around 0.13% up on the day while the pound was at $1.2859, up 0.16%.
- UK FTSE 100 7,526.51 -0.28%
- Dow 21,050.23 -0.14%
- S&P 500 2,413.68 -0.01%
- Nasdaq 6,210.19 +0.08%
- DAX 12,592.51 -0.29%
- CAC 40 5,297.13 -0.66%
- Gold 1,266.80 -0.36%
- Oil WTI 49.38 -0.82%
However much still depends on ECB president Mario Draghi. Yesterday Draghi continued to warn that a “fairly substantial amount of monetary accommodation” was still needed.
The ECB will update its position on 8 June following increasingly positive European economic forecasts and some optimism on the pace of inflation.
“Consumer and business sentiment has risen to a six-year high, supporting expectations of a further strengthening of growth in the coming months,” Draghi said yesterday. Yet wages are weak in many employment sectors right across the EU region.
Despite tightened consumer belts Ryanair announced record profits this morning. Ryanair says net profits came in at €1.316bn. This figure was in line, more or less, with City expectations.