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
9 Feb 2024 13:49

UPDATE: Air Astana raises USD370 million in IPO; BAE retains 15% stake

(Alliance News) - Air Astana JSC on Friday announced the price for its "multiply oversubscribed" initial public offering in London and on two local exchanges in Kazakhstan.

Read more
9 Feb 2024 08:06

TOP NEWS: Air Astana eyes USD847 million market cap ahead of IPO

(Alliance News) - Air Astana JSC on Friday announced the price for its "multiply oversubscribed" initial public offering in London and on two local exchanges in Kazakhstan.

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

Read more
29 Jan 2024 07:51

Air Astana set to raise $120m by floating in London and Kazakhstan

(Sharecast News) - Air Astana, the flag carrier of Kazakhstan part-owned by BAE Systems that is applying for a dual listing in London and Almaty next month, has set a price for its IPO which is expected raise gross proceeds of $120m.

Read more
28 Jan 2024 01:55

US to announce billions in subsidies for advanced chips -WSJ

Jan 27 (Reuters) -

Read more
26 Jan 2024 07:57

Italy-UK-Japan fighter jet programme could open up to others - Italian Defence Minister

ROME, Jan 26 (Reuters) - Italy, Japan and Britain could open up a programme aimed at developing an advanced fighter jet to other countries, but at a later stage, Italy's defence minister said in an interview published on Friday.

Read more
21 Jan 2024 00:01

UK to upgrade warship defence missile system used in Red Sea

LONDON, Jan 21 (Reuters) - Britain's Ministry of Defence said on Sunday it would spend 405 million pounds ($514 million) to upgrade a missile system now being used by the Royal Navy to shoot down hostile drones over the Red Sea.

Read more
19 Jan 2024 09:29

Air Astana confirms plans for London listing as BAE sells shares

(Alliance News) - Air Astana JSC on Friday confirmed it plans to list shares as global depositary receipts in London and on two local exchanges in Kazakhstan.

Read more
19 Jan 2024 09:23

Kazakh carrier Air Astana to float in London in February

LONDON, Jan 19 (Reuters) - Kazakh carrier Air Astana confirmed its plan to float in London, aiming to raise fresh funds to help fuel its growth, and allowing its investors Kazakhstan's sovereign wealth fund and British defence giant BAE Systems reduce their stakes.

Read more
18 Jan 2024 15:14

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

Read more
18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
18 Jan 2024 08:49

LONDON MARKET OPEN: Stocks flat; Flutter rises on strong trading

(Alliance News) - Stock prices in London opened flat on Thursday, as investors failed to find positive catalysts after steep falls on Wednesday.

Read more
18 Jan 2024 07:41

LONDON BRIEFING: Flutter's US sales miss; Travis Perkins cuts jobs

(Alliance News) - Stocks in London are set to open flat on Thursday, following a sharp decline on Wednesday as investors pared back their bets on interest rate cuts.

Read more
12 Jan 2024 17:41

FTSE 100 ends higher as miners, defence stocks offset Burberry losses

Burberry falls on profit warning

*

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.