Market News

The British engineering company Rolls-Royce's share price (LON: RR) made a strong jump on Thursday after the company reported upbeat annual financial results. RR share price closed yesterday’s trading session with a 20% gain in the markets and resumed a strong bullish trend Friday.

Shares of Premier League club Manchester United (NYSE: MANU) now correcting after surging more than 30% since the start of 2023. he united stock rose sharply in the last couple of months and has gained 90% in the past 6 months after the Glazers announced a potential sale.

It will be a holiday-shortened week in the US, with markets closed on Monday for a public holiday. However, this week is expected to be a busy one, with the main focus on the RBNZ decision, US GDP and FOMC minutes as well as the earnings results from big US retail firms.

The American software company Palantir Technologies (NYSE: PLTR) reported an upside surprise to their Q4 results after the bell last night. In response, the stock jumped almost 20% in the extended trading session on Monday.

Global markets started the week on a cautious note on Monday as inventors anxiously waiting for the release of the US CPI report for January that might influence the Federal Reserve’s decision on whether to act more aggressively.