Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 448.90
Bid: 449.10
Ask: 449.90
Change: -2.20 (-0.49%)
Spread: 0.80 (0.178%)
Open: 448.90
High: 452.80
Low: 443.40
Prev. Close: 451.10
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LIVE MARKETS-No rate hike in 2023 if...

Thu, 17th Jun 2021 09:54

* European Stoxx 600 down 0.5%

* Bank stock index jumps after Hawkish Fed, up 2.1%

* Insurers up 0.8%

* Wall Street futures in the red

June 17 - Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com

NO RATE HIKE IN 2023 IF... (0854 GMT)

"inflation simply does not clear the bar for liftoff, the
pullback in fiscal support causes the economy to decelerate
enough naturally to make a hike seem excessive, or financial
conditions tighten enough on their own to make a hike
unnecessary," Goldman Sachs economists write in a note.

The investment bank sees odds of a hike by the end of 2023
as only modestly better than 50% given the chances of one of the
above scenarios playing out by then.

The Fed accelerated timetable for interest rate hikes on
Wednesday, with 13 of 18 policymakers foreseeing a "liftoff" in
borrowing costs in 2023 compared to 2024 previously.

What's particularly striking on the shift is perhaps a lower
tolerance for inflation, analysts say. Because the 2023 core PCE
inflation forecast remained steady at 2.1% and that's like
lowering the inflation bar for liftoff.

That and a higher possibility of dialling back stimulus
measures pushed stocks lower overnight, though the reaction was
quite limited with losses capped at 0.5%.

"We continue to expect the first hint about tapering in
August or September, followed by a formal announcement in
December that would begin the tapering process at the start of
next year, though the risks lean toward an earlier start," says
Goldman.

(Thyagaraju Adinarayan)

*****

STOXX 600: FED SMASHES HOPES OF 10TH SESSION UP (0845 GMT)

Among the collateral damage inflicted by the Fed's sudden
hawkish tone, the STOXX 600 is down about 0.3% and on course to
miss out on a big benchmark.

The pan-European index had closed on gains for nine straight
sessions and regularly reaching new record highs.

As pointed out by Deutsche Bank's Jim Reid, that was its
best run since October 2017.

Writing ahead of the market open, Reid said that "if we get
a 10th day in the green today, that would be the longest stretch
of gains all the way back to 2006, so quite a milestone
potentially".

With Wall Street futures losing between 0.35% and 0.5% at
the moment, it does feel unlikely that sentiment will make a
sudden turnaround but then again, there's still close to seven
hours of trading to go through!

Here are the last 10 sessions of the STOXX 600:

(Julien Ponthus)

*****

BANKS SURGE ON FED'S HAWKISH TONE (0726 GMT)

European stocks dipped lower this morning after nine
straight sessions of gains as Fed's sudden hawkish turn sent
recent winners such as basic resources sharply lower.

Banks were the top sectoral gainers (+2.1%) as Fed officials
on Wednesday penciled in two potential rate hikes in 2023.

T&L and insurance stocks were other big winners.

The travel index was led by Easyjet and Premier-Inn
owner Whitbread. Whitbread said it saw strong forward
booking trends in tourist locations.

The sector and airlines were also supported by news that
Britain is looking at easing travel restrictions, including
allowing those who are double vaccinated against COVID-19.

BA owner IAG, easyJet and Ryanair were up 3%-3.5%.

UK rail operator Trainline was also among the top gainers
after reporting strong Q1 ticket sales.

(Thyagaraju Adinarayan)

*****

TALKING ABOUT TALKING ABOUT THE BIG T BEGINS AT THE FED
(0635 GMT)

And just like that the U.S. Federal Reserve lit a fire under
markets by suggesting it may well raise interest rates at a much
faster pace than many believed.

Asian equities hit a three-week low, 10-year Treasury yields
-- which jumped to almost 2-week highs after Thursday's Fed
statement -- remain near those levels early in London
.

The dollar is sailing at near two-month highs versus major
peers, having posted its strongest single day gain in 15
months.

Fed officials on Wednesday pencilled in two potential rate
hikes in 2023 - sooner than policymakers had previously
projected - and Chair Jerome Powell edged closer to unveiling
plans to taper the Fed's $120 billion a month of bond purchases.

Powell even described the two-day gathering as the "talking
about talking about meeting," a glib reference to his
protestations earlier this year that the Fed was not even
"talking about talking about" tighter policy.

That hawkish shift is likely to resonate on Thursday --
European shares are expected to open lower, U.S. stock futures
are in the red.

And watch the signals from other major economies too. The
Bank of Japan may be able to start debating ways to phase out
its extraordinary stimulus, says former central bank executive
Eiji Maeda.

Australian job creation blew past expectations in May, a
major upside surprise that will test policy makers' commitment
to keeping rates at historic lows for another two years or more.

In corporate news, TikTok owner ByteDance's total revenue
more than doubled last year to $34.3 billion but its net loss
widened to $45 billion, according to a company memo.

Key developments that should provide more direction to
markets on Thursday:

- Sources say China market regulator begins antitrust probe
into ride-hailing giant Didi Chuxing, as it pushes ahead with
what could be the largest IPO in the United States this year

- NZ Q1 GDP rose 1.6%, beats all estimates

- ECB TLTRO allotment due

- China May new home prices up 0.6% m/m vs 0.6% in April

- ECB's Christine Lagarde, Fabio Panetta speak at Eurogroup
meeting; ECB Board member Frank Elderson speaks at 1400 GMT;
chief economist Philip Lane 1230 GMT

- U.S. jobless claims/Philly Fed

- SNB, Norges Bank meet

- Indonesia, Egypt, Ukraine, Turkey, Taiwan central banks

(Dhara Ranasinghe)

*****

FED MORE HAWKISH THAN EXPECTED (0533 GMT)

European stock futures are lower as the Federal Reserve was
more hawkish than expected at yesterday's policy meeting,
sending the U.S. bond yields higher and Wall Street lower.

The central bank moved their first projected rate increases
from 2024 into 2023, with seven of 18 policymakers foreseeing
rates moving higher next year and opening the possibility of
even more aggressive action. Chair Jerome Powell said there had
also been initial discussions about a bond-buying tapering.

Now analysts wonder if a ‘buying the dip’ strategy could
still work today or in the next few days, as the price reaction
in Asia suggests investors are nervously cautious rather than
panicking for the exit door.

(Stefano Rebaudo)

*****

More News
16 May 2024 13:02

Lufthansa offers short-haul compromise for ITA deal, sources say

BRUSSELS/FRANKFURT/ROME, May 16 (Reuters) - Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.

Read more
16 May 2024 12:04

EasyJet sinks as CEO plans to step down next year

CFO Jarvis to succeed Lundgren as CEO early next year

*

Read more
16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

Read more
16 May 2024 09:23

TOP NEWS: easyJet promotes CFO as CEO plans departure after 7 years

(Alliance News) - easyJet PLC on Thursday said it will promote its chief financial officer to chief executive next year, as the Luton Airport-based budget airline reported half-year results in line with its earlier guidance.

Read more
16 May 2024 09:12

LONDON MARKET OPEN: FTSE 100 in red as easyJet and Sage Group fall

(Alliance News) - Stock prices in London opened lower on Thursday, ignoring the rally over on Wall Street on Wednesday.

Read more
16 May 2024 07:45

LONDON BRIEFING: BT ups dividend; easyJet loss narrows

(Alliance News) - Stocks in London are called to open slightly lower on Thursday, shaking off New York's record performance.

Read more
16 May 2024 07:01

EasyJet chief to step down next year

(Sharecast News) - EasyJet chief executive Johan Lundgren is to step down after more than seven years in the role, the budget carrier said on Thursday.

Read more
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Read more
13 May 2024 15:23

Pilots at easyJet reportedly reject pay offer

(Sharecast News) - Pilots at easyJet could be on strike over the crucial summer holiday period, it emerged on Monday, amid reports their union had rejected a pay offer.

Read more
9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

Read more
7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

*

Read more
7 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 driven higher by US rates optimism

(Alliance News) - Stock prices in London closed higher on Tuesday, in a strong start to the new week, with US interest rate optimism supporting equities.

Read more
7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

Read more
7 May 2024 14:37

Ryanair leads airline shares lower after warning over summer fares

MILAN, May 7 (Reuters) - Shares in Ryanair fell more than 4% on Tuesday, leading the broader European airline sector lower after CEO Michael O'Leary said ticket prices were likely going rise by less this summer than previously expected.

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.