UK markets open weaker this morning, with the FTSE100 opening lower continuing pessimism after yesterdays falls. World markets fell yesterday on the back of weak Chinese manufacturering data and a number of mixed numbers in the US. Broker downgrades are also hitting some of the FTSE100 shares with Aberdeen and Whitbread on the end of unfavourable commentary.
In economic news, the Governor of the Bank of England, Mark Carney has signaled a possible shift in policy of linking interest rates to unemployment figures within 6 months, he says the economy is “in a different place” from last summer and that employment alone would no longer guide policy. Investors now await a full statement on the issue.
Aberdeen Asset Management (ADN.L) fell again this morning after a downgrade to underweight by Morgan Stanley, quoting the recent guidance released by the company and deteriorating fund performance particularly in emerging markets. The bank said “This increases the risk of negative revisions and further multiple de-rating” for the stock.
Whitbread (WTB.L) the hotels, restaurant and coffee shop group was on the receiving end of a downgrade by Citigroup as they cut the share to ‘neutral’ in their latest research report.
Easyjet (EZY.L)continued to fall this morning after yesterdays lack lustre update.
UK markets open weaker this morning, with the FTSE100 opening lower continuing pessimism after yesterdays falls. World markets fell yesterday on the back of weak Chinese manufacturering data and a number of mixed numbers in the US. Broker downgrades are also hitting some of the FTSE100 shares with Aberdeen and Whitbread on the end of unfavourable commentary.
In economic news, the Governor of the Bank of England, Mark Carney has signaled a possible shift in policy of linking interest rates to unemployment figures within 6 months, he says the economy is “in a different place” from last summer and that employment alone would no longer guide policy. Investors now await a full statement on the issue.
Aberdeen Asset Management (ADN.L) fell again this morning after a downgrade to underweight by Morgan Stanley, quoting the recent guidance released by the company and deteriorating fund performance particularly in emerging markets. The bank said “This increases the risk of negative revisions and further multiple de-rating” for the stock.
Whitbread (WTB.L) the hotels, restaurant and coffee shop group was on the receiving end of a downgrade by Citigroup as they cut the share to ‘neutral’ in their latest research report.
Easyjet (EZY.L)continued to fall this morning after yesterdays lack lustre update.
Related Posts: