The death threat to Airbus’ A380 is over, at least for a while. Earlier today Emirates confirmed it would order up to 36 Airbus A380s in an £11.5bn deal. Earlier this week Airbus sales boss John Leahy indicated that Airbus would have to end production if there were no imminent orders.
This morning, Boeing shares were sharply down helping drag the Dow Jones down -0.25% to 26,050. Boeing shares however have soared more than +100% in the last year, demolishing some of the returns so-called FAANG stocks – Amazon, Apple, Facebook, etc – have achieved (Amazon is up around +60% in comparison). Boeing is trading at an usually higher valuation compared to the market overall.
The pound was up +0.14% mid-afternoon at 1.3872 while the euro was +0.18% higher against the dollar at 1.2232. Earlier there was more optimism for sterling with JP Morgan confirming they expected sterling to hold its own against the greenback though UBS was less confident about sterling-euro, citing on-going performance worry for the UK compared to an increasingly confident euro-region – not to mention global growth generally.
This evening Hargreaves Lansdown (more below) and Evraz were the best performing Big Board shares, up +4.3% and +4.1% while Primark-owner ABF slumped more than -3.5%.
- UK FTSE 100 7,700 -0.32%
- DAX 13,215.37 +0.24%
- CAC 40 5,476.73 -0.31%
- Euro Stoxx 600 397.60 -0.10%
- Dow 26,066.13 -0.19%
- S&P 500 2,799.14 -0.12%
- Nasdaq 7,291.94 -0.09%
- Nikkei 225 23,763.37 -0.44%
- Gold 1,331.50 -0.57%
- Oil WTI 63.71 -0.41%
Hargreaves Lansdown shares buoyed by Barclays upgrade
Shares in Hargreaves Lansdown were in the ascendant today, up more than +4.2% mid-afternoon following a Barclays upgrade. Barclays Capital has hiked its target on the stock from a 1,6750p previous rating to 2,100p.