The latest from London: No rebound today

01/24/2022 | 04:41am

The London Stock Exchange fails to rebound on Monday after a complicated week, with investors awaiting the U.S. Federal Reserve meeting on Tuesday and Wednesday and corporate earnings throughout the week.

The US central bank should unveil the timing of its rate hikes to combat inflation. Investor sentiment is also affected by tension at the Ukraine border, as well as mixed corporate results, including weak performances from Netflix and a few US banks. Apple, Microsoft, LVMH and McDonald's will unveil their annual results this week.

Industrial miners are among the poorest performers on the FTSE 100 today, including Glencore, Anglo American and Rio Tinto.

Unilever jumped 5% after hedge fund Trian Partners acquired a stake in the consumer goods giant. Meanwhile, Vodafone rose 4.1% as it s reportedly in talks with telecom group Iliad to sign  a merger deal in Italy.

 

Things to read today:

Warren Buffet closes in on Cathie Wood as tech stocks tumble (Financial Times)

Tech Rout Fuelled by Bond-Market Turn (WSJ)

There will be no great rush back to the office – commuting is just too miserable (Daily Telegraph)

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