US stocks rise on strong quarterly earnings July 21, 2021 US stocks rose during the open on Wednesday after investors were boosted by a string of strong company quarterly earnings. The blue chip S&P 500 rose 0.48 per cent, lifted by gains in cyclical stocks. The tech-heavy Nasdaq added 0.39 per cent, while the Dow Jones was up 0.69 per cent. Yields on 10-year US [...]
Oil prices extend recovery to offset heavy losses July 21, 2021 Oil prices extended their recovery into Wednesday after absorbing heavy losses at the beginning of the week. Global benchmarks WTI and Brent Crude added 1.24 per cent and 1.34 per cent respectively. Read more: Oil prices plummet after Opec+ end deadlock The rise has helped offset falls resulting from a sharp selloff on Monday which [...]
“DO sweat the small stuff”: how ESG missteps impact future performance July 21, 2021 | City Talk We’ve written extensively on our concept of “corporate karma” – the idea that what goes around, comes around with regard to how companies treat their stakeholders. Since the start of the pandemic, we’ve written about our belief that a new social contract is emerging, particularly in relation to how employers treat their employees, and we’ve shown how it’s [...]
US stocks rebound after heavy losses July 20, 2021 US stocks recovered from a battering yesterday during the morning session as investors purchased assets that looked cheap after Monday’s falls. All the US’ main benchmarks rose in the morning. The blue chip S&P 500 was up 1.12 per cent; the tech-heavy Nasdaq increased 0.73 per cent and the Dow Jones added 1.49 per cent. [...]
UK bias causing British investors to miss out on potential gains July 20, 2021 UK investors are biased toward British shares despite London-based indices posting persistent long-term underperformance, according to new research. Figures from Quilter shows 64 per cent of investors with at least £60,000 in investible assets have more than a quarter of their portfolio invested in the UK. Read more: FTSE 100 bounces back to pare back [...]
Global markets plummet as Delta variant fears intensify July 19, 2021 Intensifying fears over the rapid spread of the highly transmissible Delta variant of Covid triggered a sharp sell-off in global markets on Monday. All US benchmarks nursed heavy losses during today’s session. The blue-chip S&P 500 and Dow Jones plummeted 1.9 per cent and 2.4 per cent respectively, while the tech-heavy Nasdaq lost 1.4 per [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]
Exclusive: Two City lawyers on a mission to make their fintech the ‘Amazon of Islamic finance’ July 19, 2021 Islamic Finance Guru (IFG), a UK-based Islamic finance platform, has closed an investment round led by Outward venture capital, as the market for Islamic fintech grows. The UK-based startup has raised £3m from Outward VC and B&Y Venture Partners. The news come just a week after the Boubyan Bank Group announced that the world’s first [...]
US stocks fall despite upbeat retail sales in June July 16, 2021 An unexpected rebound in retail sales was not enough to prevent falls among US stocks on Friday. The blue-chip S&P 500 dropped 0.22 per cent, while the tech-heavy Nasdaq fell 0.22 per cent. The Dow Jones lost 0.23 per cent during morning trading. The losses came as the US Labour Department released figures showing retail [...]
FTSE pushes higher as City awaits Monday’s reopening July 16, 2021 London’s markets rose this morning as the City geared up for Monday’s loosening of coronavirus restrictions and the unlocking of the rest of the economy. Both the FTSE 100 and mid-cap sibling the FTSE 250 are up 0.4 per cent so far today, pushed higher by a raft of heavyweight stocks. Although energy group DCC [...]