Soaring oil prices fuel London markets October 5, 2021 Soaring oil prices fuelled industrial megacaps this morning, pulling London markets away from yesterday’s losses. The capital’s premier index added 0.60 per cent to reach 7,052.75 points during the first couple hours of trading today. The likes of Shell and BP were boosted this morning by oil prices reaching a seven-year high, climbing above $80 [...]
Concoction of risks weighs on London markets October 4, 2021 A concoction of risks threatening to scupper the global economic recovery from the Covid-19 crisis weighed on London markets this morning. The capital’s premier index edged down 0.12 per cent to 7,018.60 points during the first couple of hours of trading today. Ongoing supply issues, severe shortages, accelerating inflation and the growing likelihood of central [...]
What the data tells us about the next phase of the Covid-19 pandemic October 4, 2021 | City Talk What has been happening since the beginning of September in the US and UK? The Delta variant of Covid-19 is key to understanding the current trends around the reopening of the global economy. Countries that were aiming for so-called “Zero Covid” have found that this strategy doesn’t work so well against a virus that spreads [...]
London markets look to put soggy week behind them October 4, 2021 Investors will be looking to put what was a soggy end to last week behind them today and kick off a fresh week in positive fashion. The FTSE 100 tumbled 0.84 per cent to 7,027.07 points last Friday as markets sweated over the global economic recovery from the Covid-19 crisis stalling after Wall Street registered [...]
London markets tumble after US stocks register worst month since March 2020 October 1, 2021 London’s FTSE 100 tumbled on the closing day of the week as investors sweated over the global economic recovery from the Covid-19 crisis stalling after Wall Street registered its worst month since March 2020. The capital’s premier index slid 0.94 per cent to 7,019.90 points. The spectre of rising costs eating into margins, rate hikes [...]
Can EVs really handle a family holiday? October 1, 2021 | City Talk Electric vehicles (EVs) have enjoyed soaring sales in recent years but there are still many EV doubters out there, not least because of the charging infrastructure. Among them is Allegra Stratton, the UK government’s spokesperson for the upcoming COP26 climate summit. She made headlines by saying she couldn’t use an EV because stopping to recharge [...]
GDP uplift boosts FTSE 100 as London markets shake off ‘cocktail’ of headwinds September 30, 2021 A better than expected GDP reading boosted London’s FTSE 100 during the morning session today. The capital’s premier index climbed 0.52 per cent to 7,145.44 points during the first two hours of exchanges. The UK economy grew by a faster than first thought rate between April and June, driven by Brits heading out spending savings [...]
Build, build, build, stop! September 30, 2021 | Sponsored Ernst Hemingway once wrote that bankruptcies happen gradually, and then suddenly. Such words seem appropriate to describe the fate of Evergrande, one of China’s largest real-estate developers, that appears set to default on debt interest repayments. It had been known for months that the giant Asian firm was experiencing severe difficulties caused by a slowdown [...]
Pound plunges to January depths September 29, 2021 Pound sterling plummeted to its lowest level against the dollar since January today driven by traders gearing their portfolios toward safer assets. The pound lost ground on the greenback, dipping 0.06 per cent to buy $1.3527. The pound tends to move in line with global equity markets. Stocks suffered heavy hits yesterday, driven by investors [...]
FTSE 100 climbs as London markets shake off inflation fears September 29, 2021 London’s FTSE 100 jumped during opening exchanges today driven by investors in the capital shaking off inflation concerns that rattled global markets yesterday. The capital’s premier index added 0.74 per cent to reach 7,079.97 points in the first hour of trading today. Global markets sold off yesterday as investors rejigged their portfolios in preparation for [...]