FTSE 100 falls and US stocks mixed as coronavirus cases rise October 27, 2020 The FTSE 100 fell in afternoon trading after a choppy morning session, while US stocks were mixed amid rising coronavirus cases and some worrying economic data. London’s main stock index was last down 0.8 per cent at 5,745 points, having also fallen yesterday. Read more:HSBC to overhaul business model and accelerate plan to slash costs [...]
St James’s Place net inflows slow amid ‘challenging’ environment October 27, 2020 Wealth manager St James’s Place (STJ) has recorded a rise in funds under management even as the pace of inflows slowed in the third quarter. As at 30 September, total funds under management increased to £118.7bn compared with £112.82bn in 2019. St James’s Place reported net inflows of £1.33bn in three months ended 30 September, [...]
Wall Street leads global stocks slump as Covid-19 infections rise October 26, 2020 Wall Street suffered its worst daily decline in weeks today as global stock markets posted losses amid a rise in new Covid-19 infections. There was a sea of red across the major US indices as markets closed this evening, with the S&P 500 posting its sharpest daily fall in four weeks. The downbeat sentiment across [...]
Oil prices fall on fears of production boost amid surge in Covid-19 cases October 26, 2020 Global oil prices dropped sharply this morning amid fears of a ramp in production even as governments implement more stringent restrictions to cope with a surge in coronavirus cases. Worldwide standard Brent crude shed 2.4 per cent to fall to $40.76, while American benchmark West Texas Intermediate dropped 2.6 per cent to stand at $38.78. [...]
Congratulations Brussels for capturing EU states’ financial sovereignty October 26, 2020 The European Union achieved spectacular market success this month when it launched its new “Support to mitigate Unemployment Risks in an Emergency” bond programme (SURE). The €100bn programme will be used by the EU to support member nations addressing pandemic job security and social welfare weakness over the next year. The first €17bn bond issue [...]
FTSE 100 jumps amid strong earnings but US stocks mixed October 23, 2020 The FTSE 100 jumped on the final day of a tough week for markets, as investors found some optimism in company earnings, but US stocks were more mixed. The UK’s main stock index was boosted by upbeat results from lender Barclays (BARC). New stimulus measures from chancellor Rishi Sunak yesterday also helped stocks. Read more: [...]
The US Election countdown – don’t just brace for volatility. Trade it October 23, 2020 | City Talk If 2020 hasn’t been turbulent enough already, the US election is well and truly underway. As the future of the country’s leadership remains uncertain, financial markets are braced for further volatility. The “strength of the U.S. dollar” is a popular topic within the campaign messaging of both candidates this year. Ultimately, that strength is based [...]
Wall Street closes higher on hopes that stimulus deal is close October 22, 2020 Wall Street closed higher tonight after a day of topsy-turvy trading as investors bet on the prospect of a new stimulus deal being agreed between Congress and the White House. The Dow Jones rose 0.5 per cent to close at 28,364 points, the S&P 500 shut up the same margin at 3,453 points and the [...]
Wall Street rises as investors cling to hope of stimulus package October 22, 2020 US stocks edged higher after the open today as Wall Street held out for a deal on fiscal stimulus, while the FTSE 100 dipped amid concerns over increasing coronavirus cases in Europe. The benchmark S&P 500 rose as much as 0.26 per cent in the first half an hour of trading, while the Dow gained [...]
Russian authorities launch investigation into new Petropavlovsk boss October 22, 2020 The chief executive of embattled gold miner Petropavlovsk [LON:POG] is being investigated by Russian authorities after forcing his way into the FTSE 250 company’s offices in Moscow. On 26-27 August, Maksim Meshcheryakov was prevented from entering the firm’s office in a stand-off with staff. CCTV footage which later circulated on Russian social media showed Meshcheryakov, [...]