Oil prices continue rally as vaccine hope buoys traders November 11, 2020 Oil prices continued to surge today as the discovery of an effective vaccine for the coronavirus disease buoyed traders. Both Brent crude and West Texas Intermediate rose around 3.5 per cent this morning, continuing a rally which has seen prices rise over 10 per cent since Monday. Global standard Brent crude is now trading around [...]
SSE joins net zero push with 2050 emissions pledge November 11, 2020 Energy giant SSE has become the latest business to commit to reaching net zero emissions by 2050, it was announced this morning. Over 1,000 companies have already signed up to the “Race to Zero” campaign, placing their operations in line with efforts to limit global warming to 1.5 degrees. The Scottish business has already put [...]
Pfizer’s Covid-19 vaccine news set off a $2 trillion trading frenzy on markets November 10, 2020 Pfizer's Covid-19 vaccine news set off a $2 trillion trading frenzy on markets
Wall St indexes dip as Pfizer vaccine optimism fades, but FTSE 100 powers ahead November 10, 2020 The S&P 500 and Nasdaq indexes in New York dipped at the open, halting a rally set off by the Pfizer vaccine results yesterday.
Wall Street closes just shy of record on renewed hopes of Covid-19 vaccine November 9, 2020 Wall Street surged ahead today as news of the first successful late stage Covid-19 vaccine trials bolstered hopes of the global economy emerging from a year of pandemic-driven crisis, with the S&P 500 and Dow Jones opening on record highs. News that Pfizer’s experimental vaccine was found to be more than 90 per cent effective [...]
Rishi Sunak announces post-Brexit outline for City of London November 9, 2020 Rishi Sunak has outlined the City of London’s future after Brexit, which will aim to provide stability for EU financial services firms operating in the UK while also trying to open up the sector to more international markets. Sunak said the Treasury today was unliterally publishing “a set of equivalence decisions for EU and EEA [...]
Market surge crashes trading platforms on ‘busiest ever day’ November 9, 2020 Investors trying to cash in on today’s market surge were left disappointed after some of the major trading platforms crashed due to overwhelming demand. Pharma giant Pfizer today announced that early studies of its coroanvirus vaccine are 90 per cent effective which sent markets into a frenzy. The FTSE 100 shot up, closing up 4.67 [...]
Gold prices slump as Pfizer vaccine propels risk appetite November 9, 2020 Gold prices shed more than two per cent today as Pfizer’s announcement that its Covid-19 vaccine was 90 per cent effective in trials lured investor appetite away from safe haven assets. Spot gold slipped 2.2 per cent to $1,908.55 per ounce this afternoon, while US gold futures fell 2.3 per cent to $1,908.90, marking its [...]
Pfizer vaccine: ‘A good news day’ for markets, say analysts November 9, 2020 Global stock markets catapulted this afternoon on news that Pfizer’s coronavirus vaccine saw a 90 per cent success rate in clinical trials, as analysts welcomed the announcement as a “boost for hopes of a return to normality”. The prospect of a vaccine electrified world markets, with S&P 500 futures hitting a record high and tourism [...]
Markets greet Biden presidency with sigh of relief November 9, 2020 Markets have celebrated a return to political normality after a five-day vote count in the US presidential election finally yielded a result over the weekend. Joe Biden on Saturday was elected the 46th President of the United states after winning the major battlegrounds of Pennsylvania and Nevada, booting incumbent Donald Trump out of the White [...]