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Share Price Information for BAE Systems (BA.)

London Stock Exchange
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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 -

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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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2 Oct 2023 13:06

Broker tips: BAE Systems, BT, Future

(Sharecast News) - Berenberg upgraded defence contractor BAE Systems on Monday to 'buy' from 'hold' and lifted the price target to 1,170p from 1,050p.

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2 Oct 2023 12:33

Berenberg upgrades BAE Systems to 'buy'

(Sharecast News) - Berenberg upgraded defence contractor BAE Systems on Monday to 'buy' from 'hold' and lifted the price target to 1,170p from 1,050p.

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2 Oct 2023 10:41

BAE Systems secures £3.95bn funding for submarine contract

(Sharecast News) - Defence contractor BAE Systems has been awarded £3.95bn of funding from the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.

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2 Oct 2023 09:41

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

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

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2 Oct 2023 08:46

LONDON MARKET OPEN: Stocks rise; United Utilities and Pennon impress

(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown.

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2 Oct 2023 07:52

LONDON BRIEFING: United Utilities plots GBP14 billion of expenditure

(Alliance News) - London's FTSE 100 is called lower on Monday, with market sentiment still ropey at the start of the fourth-quarter, despite a deal being struck for the US to avoid a government shutdown.

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2 Oct 2023 05:59

UK invests GBP4 billion in nuclear-powered submarine project

(Alliance News) - Britain has signed contracts worth GBP4 billion to finance a new phase of the SSN-Aukus next-generation attack submarine project, according to government officials.

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20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

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18 Sep 2023 09:40

LONDON BROKER RATINGS: Jefferies likes Energean; JPMorgan raises IDS

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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18 Sep 2023 07:21

Monday newspaper round-up: Rents,.Manufacturers, BAE Systems

(Sharecast News) - Residential rents across Britain are rising at their fastest on record as high interest rates shut would-be buyers out of the property market. Monthly rental costs are on average 12 per cent higher than they were this time last year, up £140 to breach £1,300 for the first time, according to the estate agent Hamptons. Separate research from the property website Rightmove suggests that more than a third of homes for sale have had their asking prices reduced as vendors try to drum up demand. - The Times

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12 Sep 2023 10:35

Leonardo signs combat aircraft concept deal with BAE, Mitsubishi

(Alliance News) - Leonardo Spa on Tuesday said defence industry leaders in the UK, Japan and Italy have signed a trilateral collaboration deal to develop the concept phase of a next generation combat aircraft.

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31 Aug 2023 20:51

BAE signs deal aimed at building light artillery in Ukraine

(Alliance News) - BAE Systems PLC has signed a deal that sets a framework that could see it build light artillery in Ukraine.

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22 Aug 2023 06:06

Pay for FTSE 100 bosses jumps 16% as wider wages behind inflation

(Alliance News) - The bosses of Britain's biggest companies saw their pay surge by 16% last year as most workers saw their pay packets outstripped by inflation, according to new research.

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21 Aug 2023 20:56

Britain's CEOs get 16% pay rise to 3.9 mln pounds even as workers struggle

LONDON, Aug 21 (Reuters) - The bosses of Britain's biggest companies saw their pay jump 16% in 2022, sending their average earnings to 118 times the median UK full-time worker's while employees struggled with soaring inflation, new research showed on Monday.

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21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

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