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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

The latest from London: Mixed signals

10/20/2021 | 04:54am EST

Despite data showing a slowdown in inflation and mostly upbeat earnings, London's FTSE 100 is only slightly up this morning due to ongoing fears that the Bank of England will soon raise rates.

Netflix said yesterday that it hit show The Squid Game contributed to add 4.38 million subscribers in the third quarter. It now counts a worldwide total of 213.6 million. Retail and technology sectors performed best in London yesterday, while rising oil prices weighed on the automotive sector and airlines. Fresh inflation data showed prices gained 3.1% in September year-on-year, a lower growth than the 3.2% recorded in August, which took investors by surprise. But this should not be enough to stop the BoE from making a hawkish move.

Among stocks, Deliveroo advanced 2.3% after it raised its full-year guidance. While there have been better than expected results so far from companies, the all hinted at higher costs, which should lead for higher prices for consumers. For example, Proctor & Gamble face $2.3 billion in expenses headwinds this fiscal year, up from $1.9 billion expected. Bloomberg reports that Apple could produce 10 million fewer iPhone 13 units.

Things to read:

‘Squid Game’ boosts Netflix’s third-quarter subscriber growth (Financial Times)

As U.K. Covid Cases Surge, Israel Offers a Lesson in Boosters (Bloomberg)

Is Brexit Hurting the U.K. Economy? Trade Data Flash a Warning (WSJ)

ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.32% 164.77 Delayed Quote.24.18%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.53% 0.53228 Delayed Quote.-4.70%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.43% 0.585398 Delayed Quote.2.32%
DELIVEROO PLC -8.20% 266.54 Delayed Quote.0.00%
EURO / BRITISH POUND (EUR/GBP) -0.15% 0.8512 Delayed Quote.-4.61%
FTSE 100 -0.89% 7103.07 Delayed Quote.10.96%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.44% 0.009999 Delayed Quote.-0.05%
LONDON BRENT OIL 0.58% 69.21 Delayed Quote.35.82%
NETFLIX, INC. -3.76% 617.77 Delayed Quote.14.25%
US DOLLAR / BRITISH POUND (USD/GBP) -0.37% 0.750356 Delayed Quote.2.84%
WTI -0.51% 65.822 Delayed Quote.38.87%