FTSE rises to two-week high as housebuilders rally
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. European and most US stock indices remain in positive territory for the day despite mixed US bank results Axel Rudolph, IG Germany’s Dax index was 0.41% higher for the day while the Cac 40 closed up 0.46%. Axel Rudolph, senior market analyst at IG, said: “European and most US stock indices remain in positive territory for the day despite mixed US bank results. “Whereas Bank of America and BNY Mellon’s Q2 results beat estimates on better interest income, investment banking and lower expenses, Morgan Stanley’s profits dropped by 14% due to the global slowdown in deal making and trading.” Meanwhile, sterling dipped as the US dollar clawed back ground. Elsewhere, online retail firm Ocado also had a strong session, after the group swung to an underlying profit and said its retail arm is on track to post annual earnings amid mounting pressure from its joint venture partner Marks & Spencer.
History of this topic
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