Daily Stock Market Report (Thur 30th April 2026) - BBSN, MONY, IGR

Good morning!
There was some drama at the Federal Reserve yesterday, as outgoing chair Jay Powell indicated that he will be staying on as a member of the Board of Governors, for an indefinite period of time.
Powell has the right to stay until 2028, but was expected to stand down promptly as most outgoing chairs do.
His reason for staying? "Legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."
The economic significance of the decision is that it delays President Trump's ability to appoint someone else to the Board with a greater propensity to cut rates. And so Powell continues to be a source of real frustration for the 47th president of the United States.
The Bank of England should provide a more tranquil source of monetary news today, with rates expected to be kept unchanged at midday, at 3.75%.
In overnight moves:
The FTSE is expected to open lower again this morning, below 10,200With no progress towards a resolution of the conflict in the Middle East, Brent Crude has broken out to new highs at $114.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Rolls-Royce Holdings (LON:RR.) (£92.2bn | SR72)AGM Statement and Trading Update“Further confidence in...