Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,335.00
Bid: 1,336.50
Ask: 1,337.00
Change: -48.00 (-3.47%)
Spread: 0.50 (0.037%)
Open: 1,381.50
High: 1,384.00
Low: 1,320.50
Prev. Close: 1,383.00
BA. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. stocks muted, gold gains as rate hike worries linger, Russia tension simmers

Mon, 26th Jun 2023 17:35

Treasury yields inch lower

*

Nasdaq lifted by chips

*

Dollar, crude near flatline

By Stephen Culp

NEW YORK, June 26 (Reuters) - Wall Street was mixed on Monday and gold prices rose on lingering concerns over the rate hike path of the U.S. Federal Reserve as investors largely shrugged off the aborted Russian mutiny over the weekend.

Tech stocks, particularly chips, put the Nasdaq out front, with the S&P 500 showing a more modest gain.

But healthcare and financials pulled the blue-chip Dow into negative territory.

Market participants expect the central bank to raise the Fed funds target rate by another 25 basis points in July, but the path beyond is less clear and dependent on economic data.

Financial markets are pricing in a 74.4% probability of the July rate hike, according to CME's FedWatch tool.

"Market participants are willing to take the Fed at face value, that rates will be higher for longer," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. "We are seeing some of the data go in the right direction, which means we could anticipate the Fed will be able to avoid another hike."

U.S. data on tap this week includes new orders for durable goods, housing data, the Commerce Department's final take on first-quarter GDP, consumer surveys from The Conference Board and University of Michigan, culminating on Friday with the wide-ranging Personal Consumption Expenditures (PCE) report, which covers consumer income/outlays, and crucially, inflation.

Geopolitical turmoil also held risk appetites in check in the wake of an aborted mutiny in Russia, which appeared to reveal cracks in Russian President Vladimir Putin's grip on power.

The Dow Jones Industrial Average fell 50.94 points, or 0.15%, to 33,676.49, the S&P 500 gained 2.61 points, or 0.06%, to 4,350.94 and the Nasdaq Composite added 29.76 points, or 0.22%, to 13,522.27.

European stocks pared an earlier sell-off after the U.S. opening bell as tensions surrounding Russia and the notion of interest rates staying higher for longer weighed on interest rates.

The pan-European STOXX 600 index lost 0.01% and MSCI's gauge of stocks across the globe gained 0.09%.

Emerging market stocks lost 0.25%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.34% lower, while Japan's Nikkei lost 0.25%.

U.S. Treasury yields mostly edged lower as investors grappled the Fed's "higher for longer" message even as the economy begins to slow.

Benchmark 10-year notes last rose 3/32 in price to yield 3.7289%, from 3.739% late on Friday.

The 30-year bond last rose 3/32 in price to yield 3.8151%, from 3.82% late on Friday.

The dollar was slightly lower against a basket of world currencies as the yen and the euro advanced and the sterling held steady.

The dollar index fell 0.1%, with the euro up 0.2% to $1.0911.

The Japanese yen strengthened 0.09% versus the greenback at 143.58 per dollar, while Sterling was last trading at $1.2714, up 0.02% on the day.

Oil prices were also showing little movement as Russian political instability was viewed by the market as posing minimal threats to supply.

U.S. crude fell 0.09% to $69.10 per barrel and Brent was last at $74.18, up 0.23% on the day.

Gold inched higher as geopolitical reverberations from the aborted Russian mutiny attracted investors to the safe-haven metal.

Spot gold added 0.1% to $1,923.69 an ounce.

More News
17 Aug 2023 17:29

European shares drop on dour earnings, rate hike concerns

Adyen slumps after HY earnings miss

*

Read more
17 Aug 2023 17:13

London stocks slip on defence drag, hawkish Fed minutes

Defence stocks fall as BAE Systems drags

*

Read more
17 Aug 2023 15:39

BAE says $5.5 bln Ball Corp deal will help it meet Ukraine-led defence demand

LONDON, Aug 17 (Reuters) - Britain's BAE Systems said its $5.5 billion purchase of Ball Corp's aerospace business would help it meet the soaring demand for munitions seen since the invasion of Ukraine, underscoring the impact the war has had on the sector.

Read more
17 Aug 2023 14:09

BAE snaps up Ball's aerospace arm for $5.6 bln in its biggest deal ever

BAE to fund deal using new debt and existing cash

*

Read more
17 Aug 2023 11:56

LONDON MARKET MIDDAY: Stocks down over US rate hike worries

(Alliance News) - Stock prices in Europe were lower at midday on Thursday, after the US Federal Reserve warned that a further interest rate hike may be on the cards.

Read more
17 Aug 2023 10:41

London midday: Markets subdued, but stocks bounce off lows

(Sharecast News) - Fresh concerns about US inflation and the Chinese debt crisis were weighing on market sentiment on Thursday, though the FTSE 100 was trading flat by lunchtime after bouncing off five-week lows in morning trade.

Read more
17 Aug 2023 08:53

LONDON MARKET OPEN: Stocks fall further after hawkish US Fed minutes

(Alliance News) - Stock prices in London opened in the red on Thursday, amid renewed concerns about further US interest rate increases.

Read more
17 Aug 2023 08:22

Ball Aerospace buy puts BAE in solid position, says Shore Capital

(Sharecast News) - BAE Systems was trading with heavy losses on Thursday after the news that it has acquired Ball Aerospace - a move which broker Shore Capital viewed as a vote of confidence for the wider defence industry.

Read more
17 Aug 2023 08:07

TOP NEWS: BAE Systems buys Ball Aerospace business for USD5.6 billion

(Alliance News) - BAE Systems PLC on Thursday said it has agreed to buy the Ball Aerospace business from Ball Corp for about USD5.55 billion, in cash.

Read more
17 Aug 2023 07:44

LONDON BRIEFING: BAE Systems to acquire Ball Aerospace for USD5.6b

(Alliance News) - Stocks in London are called lower on Thursday, as investors take fright at hawkish minutes from the US Federal Reserve.

Read more
17 Aug 2023 07:41

London open: Markets rattled by FOMC minutes

(Sharecast News) - UK stocks slipped on Thursday, following US and Asian markets lower overnight, as investors reacted to the possibility of further interest-rate hikes by the Federal Reserve.

Read more
17 Aug 2023 07:18

London pre-open: Stocks to slip on US rate-hike fears

(Sharecast News) - UK stocks were set to decline for the fifth straight session on Thursday after the minutes of a recent Federal Reserve meeting showed caution about taking the brakes off interest-rate hikes too soon.

Read more
17 Aug 2023 07:01

BAE buys Ball Aerospace for $5.5bn

(Sharecast News) - BAE Systems on Thursday said it had bought Ball Corporation's aerospace business $5.55bn in cash as it looked to cash in on higher government defence spending in the wake of Russia's invasion of Ukraine.

Read more
16 Aug 2023 22:01

PRESS: BAE Systems mulls USD4 billion buy of Ball aerospace arm

(Alliance News) - BAE Systems PLC is sizing up a possible move to acquire the aerospace division of Ball Corp in what would be the largest purchase by a London listing in the year to date, Bloomberg reported on Wednesday.

Read more
11 Aug 2023 12:56

Germany in talks with MBDA over delivery of cruise missiles to Ukraine -source

BERLIN, Aug 11 (Reuters) - The German government is in talks with arms maker MBDA about the delivery of Taurus cruise missiles to Ukraine, a security source told Reuters on Friday, echoing a report by Spiegel magazine.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.