Oil prices reverse losses as Opec cracks down on over production September 17, 2020 Global oil prices sprung upwards this afternoon after producer group Opec+ said that it would crack down on those countries which did not comply with its record output cuts. Delegates are also planning an extra meeting in October if global oil markets weaken again, further reassuring traders. Worldwide benchmark Brent crude reversed its losses and [...]
FTSE 100 and US stocks slide following central bank announcements September 17, 2020 The FTSE 100 continued trading in the red after the Bank of England announced it would keep monetary policy on hold, while Wall Street opened lower as tech stocks slumped. The blue-chip index dropped 0.7 per cent before inching up marginally to trade down 0.4 per cent after the bank said the economy’s recovery had [...]
Lithium firm makes ‘globally significant’ find in Cornwall September 17, 2020 A Cornish company has found “globally significant” grades of lithium in England’s westernmost county, in what could be a crucial discovery for the country’s battery technology industry. The aptly-named Cornish Lithium, which was founded four years ago, said that initial results from its exploratory work indicated “some of the world’s highest grades of lithium and [...]
FTSE 100 falls but US stocks rise ahead of Fed decision September 16, 2020 The FTSE 100 fell but US stocks opened higher as investors awaited the latest decision from the US Federal Reserve and digested more economic data. London’s main stock index dropped 0.6 per cent to stand at 6,067 points just before 3pm. The FTSE 250 of mid-cap companies fell 0.1 per cent. Read more: UK inflation [...]
FXCM stock baskets offer cream of the crop industry stocks September 16, 2020 | City Talk It’s been months now of lockdown, and with the majority of the world spending more time working from home with CNN, BBC and Bloomberg playing on the TV in the background, it is no surprise there has been a surge in new day traders looking to take advantage of the current market volatility by beginning [...]
Is crypto trading making you overweight? Use a basket September 16, 2020 | City Talk Cryptocurrencies haven’t disappeared like some thought they would. If anything, its appeal as an asset class continues to grow. Customer interest in cryptocurrencies has spiked during all the volatility surrounding the COVID-19 pandemic. Cryptocurrencies are here to stay. So, you want in… but where to begin? There are two questions one needs to answer: how [...]
In 2020, How Can Anyone Afford to *Trade* Amazon’s Stock? September 16, 2020 | City Talk In July 2020, Amazon’s stock was over $3,000 per share. With disposable income at a premium in 2020, how can anyone actively trade this stock? For most retail traders it is just too much money locked up on a daily basis. You could find a broker who allows you to trade a full share with [...]
Premier Oil shares jump on Chrysaor refinancing talks September 15, 2020 Shares in Premier Oil rose 7.9 per cent today after the firm confirmed that it was in talks over a potential refinancing alternative with fellow North Sea company Chrysaor. Last month the FTSE 250 firm outlined the main terms of a deal with its creditors to extend the maturities on its £2.2bn debt pile until [...]
Average inflation targeting: what is it and what does it mean for investors? September 15, 2020 | City Talk Late-August saw the Federal Reserve (Fed) hold its keenly-watched annual Jackson Hole Economic Policy Symposium. Against a backdrop of the huge global uncertainty engendered by Covid-19, the focus on the conference was sharp. Central banks have implemented further substantial policy measures to limit the damage from the Covid-19 lockdown and maintain financial stability. Nonetheless, at [...]
Octopus Renewables Infrastructure Trust posts ‘very strong’ maiden returns September 15, 2020 Green energy investment fund Octopus Renewables Infrastructure Trust (ORIT) today reported it had achieved “very strong” shareholder returns in its maiden set of results. The fund, which first listed in December 2019, confirmed it was pursuing its full £3.8bn pipeline of wind and solar assets despite the impact of the coronavirus. The figures By the [...]