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23/02/24 Briefing

The FTSE 100 and European stocks rose by the close on Friday, after a mixed day of trade following bumper banking and tech results. US stocks were mixed as Nvidia slipped back after a multi-billion dollar rally on Thursday.

  • The FTSE 100 (^FTSE) was trading around 0.3% higher by the close of the week. Germany's Dax (^GDAXI) ticked up 0.3% and the Cac (^FCHI) in Paris rose 0.7%.

  • The Stoxx 600 (^STOXX) rose 0.4%.

  • US indexes were mixed by late morning on Friday. The S&P 500 (^GSPC) was almost flat and the Nasdaq (^IXIC) fell 0.4%. The Dow (^DJI) rose 0.3%.

  • Global markets have been surging off the back of barn storming results from artificial intelligence darling Nvidia (NVDA), whose value grew $277bn after a quarterly report.

  • The moves in Europe came after Standard Chartered bank (STAN.L) was among lenders reporting a 19% bump in full-year profits on Friday, with pre-tax profits for its final quarter of 2023 hitting $1.1bn, and $5.1bn for the full-year.

  • Its share price surged 6.8% at the opening bell, following the announcement of another $1bn share buyback scheme. It is looking to return $5bn to shareholders over the next three years, it said in the report. Stock traded as much as 8.4% higher on Friday.

S&P 500 (^GSPC)



  • Fri 23 February 2024 at 4:00 PM GMT

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