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New York Post
38 minutes ago
- New York Post
London Stock Exchange parent exploring 24-hour trading launch, FT reports
The London Stock Exchange Group is weighing whether to launch 24-hour trading and is looking into the practicalities of increasing its trading hours, the Financial Times reported on Sunday, citing people familiar with the situation. LSEG is 'absolutely looking at it, whether it means 24-hour trading or extended trading,' one of the people told the newspaper, adding that the exchange group was 'having important commercial, policy and regulatory discussions' about the 'ongoing topic.' The exploration is part of wide-ranging discussions into potential new products and services, another person told the FT. The London Stock Exchange's parent company has struggled to attract new listings, prompting reforms last year to make it more competitive with New York and the European Union after Brexit. REUTERS LSEG had no comment. The group is considering aspects of extended trading hours, including technology upgrades, regulatory questions, possible effects on companies with dual listings and the potential impact on liquidity, currently concentrated at the open and closing auction of the trading day, the report added. In March, Nasdaq announced plans to introduce 24-hour trading on its flagship U.S. exchange and joined rival exchanges like Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, in planning extended trading hours. LSEG, which runs the London Stock Exchange and provides data and analytics to banks and other institutions, reported stronger than expected first-quarter income in May, driven by robust growth in its markets division, and a strong performance across its other businesses. The exploration is part of wide-ranging discussions into potential new products and services, another person told the FT. Getty Images London has struggled to attract new listings, prompting reforms last year to make it more competitive with New York and the European Union after Brexit and some have moved their primary listing to New York or picked Europe for IPOs. Shein is working toward a listing in Hong Kong after its proposed London IPO stalled while Unilever chose Amsterdam as the primary listing for its ice cream business Ben & Jerry's in February.
Yahoo
an hour ago
- Yahoo
Analyst updates S&P 500 forecast in mid-year outlook
Analyst updates S&P 500 forecast in mid-year outlook originally appeared on TheStreet. There weren't many beating the bullish drum on the stock market in early April. The S&P 500 and tech-laden Nasdaq Composite were mired in a brutal downturn following harsher-than-hoped tariff announcements and growing economic concerns on jobs and inflation. The S&P 500 retreated 19% from its mid-February highs before finding its footing on April 9. That near-bear market had everyone a bit antsy, particularly given President Donald Trump's mounting trade war. Nevertheless, stocks' decline was fast and steep enough to cause most sentiment measures to signal oversold, suggesting that those willing to step into the fray could be rewarded for buying the dip. And boy, have they been rewarded. 💵💰💰💵 The S&P 500 has marched 25% higher, and the Nasdaq has surged over 30%. President Trump's pause on most reciprocal tariffs fueled the gains on April 9. Hope that tariffs would settle at more manageable levels and significant new stimulus associated with trillions of dollars in tax cuts from the One Big Beautiful Bill Act kept the rally humming along to new all-time highs. The big question on most minds now is whether this record-setting run can continue. Those in the bearish camp point toward weaker GDP, cracks in the jobs market, and inflation risks. Bullish investors think most of those risks were priced in during the spring sell-off, and the bar has been set low enough that anything less than disaster would be good enough to push forward revenue, earnings, and economic outlooks higher, rather than lower. The debate has prompted many popular Wall Street analysts, including Carson Group's Chief Strategist Ryan Detrick, to update their outlook. The stock market climbs a very high wall of worry Stocks are forward-looking and are considered a leading, rather than lagging, indicator. The ability of stock prices to predict what may happen to the economy can be messy, with short-term fits and starts. However, stocks' ability to aggregate market participants' collective wisdom is generally considered a valuable tool for economists and predictive nature of markets is one reason behind the old Wall Street adage, "stocks climb a wall of worry." Often, stocks bottom when everyone thinks the worst has yet to happen, and they top when everyone sees roses and daisies. Over the past three months, the stock market has climbed a big wall of concern. U.S. employers have announced over 696,000 layoffs through May, up 80% year over year, according to Challenger, Gray & Christmas. The unemployment rate has inched up to 4.1% in June from 3.4% in 2023. And inflation, while much lower than in 2022, when the Federal Reserve declared war on it by significantly raising interest rates, is still above the 2% level targeted by many, including the Fed. The backdrop still suggests that stagflation or, worse, recession is a possibility. But so far, stocks indicate the economy will sidestep most damage. While we don't know when the Fed may support the economy with interest rate cuts, most are modeling lower rates over the coming year, helping fuel economic activity. Also, the recently passed One Big Beautiful Bill Act contains significant tax cuts, including new Social Security income tax breaks and a higher State and Local Tax deduction, which provide additional money to support spending and GDP. If so, analysts who cut revenue and growth outlooks this spring will shift gears, increasing forecasts and potentially fueling additional upside. Those upward revisions would go a long way toward appeasing those concerned about the S&P 500's valuation, given that the recent rally has inflated its price-to-earnings (P/E) ratio. The S&P 500 topped out in February when its forward price-to-earnings ratio eclipsed 22. It bottomed out when the P/E ratio reached about 19. The recent rally has again pushed the S&P 500's P/E over 22, which historically doesn't correspond with favorable one-year returns. Analysts' mid-year 2025 stock market outlook is largely bullish Ryan Detrick has been correctly banging the bullish drum for a while, and his team's midyear outlook also tells a bullish tale. Detrick's optimism is partially rooted in history. He often shares data highlighting how the stock market has historically behaved after catalysts, and this time is no exception. Fortunately, for bulls, history is on the side of more gains. The strategist points out that since the early 1970s, there have been five instances when the S&P 500 rose by 19% in 27 trading days like this year. Each time, the market was higher one year later, returning a median of 32.6%. Since 1950, the S&P 500 has been up one year later 74% of the time, returning a median of 10.4%.We've already made a big chunk of returns, but Detrick's team writes, "This is still a young bull market." The average bull market lasts 67 months, and this one has only lasted a little over 30 months so far. "Like a cruise ship that is very hard to turn once it gets moving, bull markets tend to carry their momentum forward, another reason this one could last much longer than many think," wrote the analysts. As for valuation, they believe there's a bull case that a "low tariffs, big tax bill" environment will provide a catalyst for earnings, helping keep the P/E ratio in check. "It's hard to imagine that the tariffs will go back to where they were, but perhaps we're left with about 15% additional new tariffs on average— not at all trivial, but far from worst case," wrote the analysts. "Companies should be able to navigate the additional tariffs and maintain profit margins, especially larger companies with less fragile supply chains." Carson Group thinks the S&P 500 could reach 6,550, a 10% to 12% gain for 2025. Add in dividends, and the index's total return could be 12% to 15%. Currently, the S&P 500 is up about 7% in 2025. "Stocks came soaring back in one of the largest reversals ever, suggesting the lows for 2025 are likely behind us and better times could be coming for investors,' said Detrick. 'While 2025 has already been a wild ride — and we should still prepare for more ups and downs — we see reasons to expect this bull market to continue.'Analyst updates S&P 500 forecast in mid-year outlook first appeared on TheStreet on Jul 20, 2025 This story was originally reported by TheStreet on Jul 20, 2025, where it first appeared. 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Yahoo
3 hours ago
- Yahoo
LSE plots 24-hour trading to revive interest in shares
Shares in UK-listed companies could be traded 24 hours a day under radical plans from the London Stock Exchange Group (LSEG) to tap into booming demand from night owl traders. The LSEG, which owns the flagship London stock market, is accelerating plans to launch a 24-hour trading platform to boost the appeal of the gloomy UK market and encourage overseas investors and younger traders to buy British shares. Changing trading patterns in the US, where transactions are increasingly done outside of working hours by a new generation of Gen Z retail investors on smartphone apps, is leaving traditional bourses exposed. Cryptocurrency markets, such as Bitcoin trading, already trade around the clock and more people trade shares in the small hours on platforms like Robinhood, making traditional market hours increasingly anachronistic. London-listed shares currently only trade between 8am and 4pm. The LSEG declined to comment on the plan, first reported by the Financial Times, but chief executive David Schwimmer has made no secret of his desire to boost the London market. Mr Schwimmer has transformed LSEG into a data and technology giant to rival Bloomberg following a $27bn (£21bn) takeover of Refinitiv, with the stock exchange now accounting for just 3pc of the group's revenues. Britain's stock market is facing a crisis after shrinking trading volumes and a dearth of new listing. Recent tax raids by the Government and tariffs woes have also dented companies. According to figures released by EY on Monday, UK-listed companies issued 59 profit warnings during the second quarter of 2025, a 20pc rise compared to the same period last year. A shift to 24-hour trading would mirror strides in the US where so-called 'dark pools' – which are private exchanges where buyers and sellers meet in secret – have become increasingly popular ways to trade shares overnight. Some dark pools, such as Blue Ocean, allow for shares to be traded once US markets close and last year the US Securities and Exchange Commission (SEC) approved a licence for a new Bermuda-based trading platform 24X to offer out-of-hours trading. Mainstream US stock exchanges such as the New York Stock Exchange (NYSE) have sought to keep pace with the developments by extending trading hours. The NYSE asked the SEC for permission to extend its trading window outside of its traditional 9:30pm to 4pm time earlier this year. However any move to extend trading hours is likely to face fierce criticism from conventional fund managers. They use the closing price of shares to set the value of their funds, with trillions of pounds dependent on the closing price. Round-the-clock trading would make setting prices even more difficult, while fund managers are likely to resist moves to monitor the market 24/7. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
