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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
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Share Price: 1,406.00
Bid: 1,406.00
Ask: 1,406.50
Change: 14.00 (1.01%)
Spread: 0.50 (0.036%)
Open: 1,402.50
High: 1,409.00
Low: 1,398.50
Prev. Close: 1,392.00
BA. Live PriceLast checked at -

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

Mon, 26th Jun 2023 17:35

Treasury yields inch lower

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Nasdaq lifted by chips

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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.

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10 Jan 2024 09:35

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8 Jan 2024 12:18

Germany's Scholz open to Eurofighter deliveries to Saudi Arabia

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6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

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6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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22 Dec 2023 15:49

Japan prepares for missile shipments after easing arms export restrictions

Dec 22 (Reuters) - Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation's first major overhaul of such export curbs in nine years.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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20 Dec 2023 09:22

Berenberg raises target price on BAE Systems

(Sharecast News) - Analyst at Berenberg raised their target price on aerospace and defence firm BAE Systems from 1,170.0p to 1,220.0p on Wednesday, stating the group was primed for "another good year".

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14 Dec 2023 09:04

LONDON MARKET OPEN: Stocks rally on dovish Fed; eyes on Boe, ECB

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14 Dec 2023 05:59

UK signs treaty with Japan and Italy, focus on stealth fighter jet

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14 Dec 2023 04:00

Britain, Japan and Italy sign advanced fighter jet programme treaty

LONDON, Dec 14 (Reuters) - Britain, Japan and Italy have signed an international treaty to establish a combat air programme aimed at developing an advanced fighter jet, Britain's Ministry of Defence said on Thursday.

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London close: Stocks finish higher ahead of Fed decision

(Sharecast News) - London markets remained in positive territory by the close of Wednesday after weak UK GDP data led investors to anticipate a potential rate cut from the Bank of England.

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