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CNBC
5 days ago
- Business
- CNBC
European markets set to open in positive territory despite Trump tariff threat
City of London skyline with 20 Fenchurch Street, affectionately nicknamed the Walkie Talkie, in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday. Futures data from IG suggests regional markets will start the week flat to lower, with both London's FTSE 100 and Germany's DAX expected to open 0.2% higher, France's CAC 0.5% lower. Italy's FTSE MIB is seen opening 0.2% higher. The upbeat mood for European markets comes after a difficult start to the week, after U.S. President Donald Trump announced at the weekend that he would impose a 30% tariff on goods imported from the EU. The duty is due to take effect on Aug. 1, and the EU is scrambling to reach a trade deal with the U.S. before then. Europe's Stoxx 600 index closed 0.06% lower on Monday, after shaving off losses late in the day to finish at a session high. Earnings in Europe come from Experian, Ericsson and Barratt Redrow on Tuesday. Data releases include monthly U.K. retail sales data. — Holly Ellyatt
Forbes
08-07-2025
- Business
- Forbes
Buy or Sell JPMorgan Stock Ahead Of Earnings?
JP Morgan headquarters at the heart of Canary Wharf financial district on 30th January 2025 in ... More London, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images) JPMorgan Chase (NYSE:JPM) is expected to announce its earnings on Tuesday, July 15, 2025. Consensus estimates predict earnings will be $4.47 per share, a decrease from more than $6 during the same quarter last year, while revenues are anticipated to fall by approximately 12% to $44 billion. The company is likely to face pressure from lower investment banking fees, which are forecasted to decrease by mid-teens percentage compared to the previous year, as tariff policy uncertainties and geopolitical tensions adversely affect dealmaking activities. The bank has suggested that its full-year net interest income is projected to reach $94.5 billion, slightly exceeding last year's figures. As the largest retail bank in the U.S., controlling over 11% of U.S. consumer deposits, it can leverage its substantial, low-cost deposit base to finance loans at a cheaper rate. The bank currently has a market capitalization of around $823 billion, with revenues for the past twelve months totaling $173 billion, and it has reported a net income of $60 billion. If you're looking for potential gains with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns exceeding 91% since its inception. View earnings reaction history of all stocks JPMorgan Chase's Historical Probability of Positive Post-Earnings Return Here are some insights regarding one-day (1D) post-earnings returns: Additional data pertaining to observed 5-Day (5D) and 21-Day (21D) returns following earnings is summarized, along with the statistics, in the table below. JPM 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D, and 21D Historical Returns A relatively lower-risk strategy (although not effective if the correlation is minimal) is to assess the correlation between short-term and medium-term returns after earnings, identify a pair with the highest correlation, and execute the relevant trade. For instance, if 1D and 5D exhibit the strongest correlation, a trader may opt for a 'long' position for the next 5 days following a positive 1D post-earnings return. Below is correlation data based on 5-year and more recent 3-year history. Note that the correlation 1D_5D pertains to the relationship between 1D post-earnings returns and subsequent 5D returns. JPM Correlation Between 1D, 5D, and 21D Historical Returns Discover more about the Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all three: the S&P 500, S&P mid-cap, and Russell 2000), delivering robust returns for investors. Additionally, if you prefer potential gains with a more stable performance than an individual stock like JPMorgan Chase, consider the High Quality portfolio, which has outperformed the S&P and achieved over 91% returns since inception.
CNBC
08-07-2025
- Business
- CNBC
European markets head for a lower open as traders digest Trump's tariffs announcement
City of London skyline with 20 Fenchurch Street, affectionately nicknamed the Walkie Talkie, in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday. Futures data from IG suggests regional markets will open lower, with London's FTSE 100 expected to open 0.3% lower, Germany's DAX and France's CAC 40 0.1% lower, respectively. Futures tied to Italy's FTSE MIB, were around 0.1% lower this morning. Global markets are seesawing this week, as traders digest the latest trade tariff news, and any potential trade deals ahead of a July 9 deadline, when higher trade duties are due to come into effect. U.S. Treasury Secretary Scott Bessent told CNBC's "Squawk Box" on Monday that there would be several trade announcements over the next 48 hours, adding that he expects "it's going to be a busy couple of days." He did not specify which countries were involved. Asia-Pacific markets swung between gains and losses overnight, however, as investors assessed Trump's latest tariff threats on 14 trading partners. Read more Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted on Truth Social. Other Asia-Pacific markets facing higher tariffs include Indonesia, which will be hit with a 32% excise duty, Bangladesh, which was slapped with a 35% duty, as well as Cambodia and Thailand, which are set for 36% tariff rates, the president's letters indicated. Meanwhile, imports from Laos and Myanmar will face a 40% duty, Trump's letters posted on Truth Social showed. — Holly Ellyatt, Amala Balakrishner
Wales Online
07-07-2025
- Business
- Wales Online
DWP could give £29,000 boost to millions of workers paying into pensions
DWP could give £29,000 boost to millions of workers paying into pensions A new UK Government Bill is reforming pensions, with 20 million set to benefit from the changes A major government reform will aim to create larger pension schemes (Image: Mike Kemp, In Pictures via Getty Images ) Workers earning an average wage and contributing to a pension pot throughout their career could receive a financial uplift from the Department for Work and Pensions. The government department suggests individuals could benefit by up to £29,000 by the time they retire. This is due to significant government reforms that will consolidate small pension pots, ensure schemes offer value for money, and create larger pension schemes. This figure was disclosed as the Pension Schemes Bill returns to Parliament for its second reading on July 7. Reforms in the Bill aim to assist 20 million pension savers to get more from their pension pots and be better prepared for retirement. The State Pension ag, which currently stands at 66 for both men and women, will be increasing from next year. It will gradually rise to 67 between 2026 and 2028 for those born after April 1960. The transition process is then anticipated to be completed for everyone by March 2028. The planned alteration to the official retirement age has been in legislation since 2014, with a further increase from 67 to 68, which is set to be implemented between 2044 and 2046, reports the Liverpool Echo. The UK government also modified the phasing of the State Pension age increase, meaning that instead of reaching the State Pension age on a specific date, individuals born between March 6, 1961, and April 5, 1977, will be eligible to claim the State Pension once they turn 67. Article continues below Ahead of the forthcoming adjustments, individuals will receive a letter from the Department for Work and Pensions. The Pensions Act 2014 necessitates a systematic review of the State Pension age at minimum intervals of five years. This review is guided by the belief that people ought to have the opportunity to spend a certain fraction of their adult lives in receipt of a State Pension, with an assessment of the planned rise to 68 scheduled before the conclusion of this decade. The examination of the State Pension age will take into account factors like life expectancy among others. Based on the review's outcomes, UK government may consider enacting alterations to the State Pension age. Parliament must approve any proposed amendments before they can be enacted. For money-saving tips, sign up to our Money newsletter here The Bill will bring together small pension pots worth £1,000 or less into one pension scheme At present many people struggle to keep track of multiple small pensions as they move jobs and can pay high fees as a result.. Government officials say these steps will establish the groundwork for the imminent Pensions Review which will delve into achieving a just and enduring pension structure, driving growth, and realising the government's Plan for Change. Pensions Minister Torsten Bell said: "We're ramping up the pace of pension reform, to ensure that people's pension savings works as hard for them as they worked to save. "The measures in our Pension Schemes Bill will drive costs down and returns up on workers' retirement savings – putting more money in people's pockets to the tune of up to £29,000 for an average earner and delivering on our Plan for Change." According to the pace of pension reform has ramped up with measures in the Bill set to revolutionise the pensions landscape in the coming years. Despite the advancements, significant challenges remain as these benefits are diverse for different workers and groups. In light of this, the forthcoming Pensions Review will look at issues such as pension adequacy to ensure that underserved communities are not left behind as new initiatives roll out. The reforms outlined in the Bill also aim to protect the Local Government Pension Scheme (LGPS) for the future by consolidating some £400 billion worth of assets into a limited number of proficient asset pools capable of investing in local infrastructure, housing, and clean energy. Zoe Alexander, Director of Policy and Advocacy for the Pensions and Lifetime Savings Association (PLSA), remarked: "The introduction of the Pension Schemes Bill is a significant milestone, bringing forward necessary legislation to enact important reforms that have the full backing of the pensions industry. Article continues below "This includes small pots consolidation, the Value for Money regime, decumulation options and changes to give DB funds more options for securing member benefits over the long-term. "Once fully implemented, these measures should reduce the cost of administering pensions, remove complexity for savers and help ensure schemes are maximising the value they provide members."
New Statesman
25-06-2025
- Entertainment
- New Statesman
This week on the BBC: rows over Gaza, alleged bullying and Kneecap
Photo by Mike Kemp/In Pictures Ltd./Corbis via Getty Images More than 200 BBC staff have signed a letter saying the corporation's refusal to air Gaza: Medics Under Fire shows 'the BBC is not reporting 'without fear or favour' when it comes to Israel'. One insider whispered: 'The BBC's news coverage of Gaza has been terrible. And then to drop this film for no good reason beyond upsetting the Israelis shows utter cowardice by management.' In a statement, the BBC said it was 'determined to report all aspects of the conflict in the Middle East impartially and fairly'. Broadcasters are now battling to air the documentary after the BBC handed back rights to the independent production company Basement Films. Breakfast TV host Naga Munchetty may have earned a reputation for fortitude by standing up for junior female staff in the face of a 'tyrannical' show editor, but she was outgunned in the latest vicious BBC briefing war. While pressure mounted over Richard Frediani's alleged 'aggressive management style', the Sun claimed Munchetty made a 'crude quip about a sex act' off-air at Radio 5 Live in 2022 and had allegedly been reprimanded for bullying a junior staffer. Rumours are that Munchetty has designs on the LBC weekend breakfast show but these have been hampered by concerns over her 'reputation for being tough'. Like a JCB churning through a field of daisies, JD Vance has joined BlueSky, the social network for lefties exhausted by the fury of X. After being temporarily expelled due to verification issues (no one could believe it was actually him), he posted a rage-baity thread about trans youth to prove it absolutely was. Within hours he had been blocked by more than 110,000 accounts. The daisies fight back. How grateful Martine Croxall must be that BBC bosses are 'intensely relaxed' and backing her after she changed an autocue that mentioned 'pregnant people' to say simply 'women'. Presumably they're the same bosses who just four months ago reached a settlement with her over claims she was among those being discriminated against for their age and sex. It was perhaps not the publicity the BBC might have wished for when Kneecap's Liam Óg Ó hAnnaidh, newly bailed after a court appearance on terror charges for flying a flag supporting Hezbollah, told fans: 'For anybody going to Glastonbury, you can see us there at 4pm on the Saturday. If you can't be there, we'll be on the BBC.' Insiders say Kneecap's set will be aired after the event, rather than live, and only if there are no guideline breaches. Greatest Hits Radio is to rebroadcast the full ten hours of Live Aid, 40 years on, despite criticism of the event's harmful impact on perceptions of Africa. One 1985 participant unlikely to be tuning in is the Rolling Stones' Keith Richards, 81, who later questioned the organisers' motives: 'I know the music business, and it isn't that pure.' A profile of Mark Zuckerberg in the Financial Times reveals Trump discussed the Meta boss taking a role in the White House. Meta staff apparently refer to their boss as 'Maga Mark', although the firm's chief technology officer insists the world is seeing 'authentic' Zuckerberg. How fortunate this chimes with Trump's agenda, just as Meta begs for backing in potentially catastrophic regulatory and legal battles. Subscribe to The New Statesman today from only £8.99 per month Subscribe Snout line: Got a story? Write to tips@ [See also: Jeff Bezos's Venetian wedding is a pageant of bad taste] Related This article appears in the 25 Jun 2025 issue of the New Statesman, State of Emergency
