World shares rise as shock US jobs increase spurs recovery hopes June 8, 2020 World share prices edged higher on Monday after a surprise recovery in US employment provided optimism that economies could quickly recover after lockdown. Oil prices erased earlier gains to stand almost flat after OPEC and its allies, including Russia, agreed to extend record oil production cuts until the end of July. U.S. S&P 500 futures [...]
FTSE 100 jumps as investors cheer surprise US jobs figures June 5, 2020 The FTSE 100 has jumped as investors go into the weekend in a joyous mood after the US economy added 2.5m jobs in May and the European Central Bank (ECB) ramped up its stimulus measures. The blue-chip index was up two per cent at 6,468 points in afternoon trading. It put the FTSE 100 on [...]
US stocks surge after employment figures smash expectations June 5, 2020 US stocks have surged after shock employment figures that showed 2.5m Americans found jobs in May in figures that raised hopes the economy will quickly rebound from coronavirus. European markets, already riding high on fresh stimulus and economies reopening, extended their greens as markets turned into a sea of green. Wall Street’s Dow Jones index [...]
A Machiavellian mastermind or a naïve kid? The story of the Flash Crash Trader June 5, 2020 On a cold morning in April 2015, half a dozen FBI agents and police officers pulled up outside a modest semi-detached house in Hounslow to arrest a man they considered to be among the most prolific and dangerous market manipulators in the world. Their target, Navinder Singh Sarao, had accumulated $70m buying and selling futures [...]
Asian stocks climb as equities head for weekly gain June 5, 2020 Asian stocks climbed overnight and US and European futures advanced as economic stimulus and the reopening of economies put global equities on track for another week of gains. Japan’s Nikkei 225 climbed 0.7 per cent and Hong Kong’s Hang Seng rose 0.6 per cent. China’s SSE composite index was 0.2 per cent higher. European stocks [...]
FTSE 100 slips as investors weigh up US-China tensions June 4, 2020 The FTSE 100 is down after a strong rally as investors take stock of high levels of economic uncertainty and rising US-China tensions. The UK’s blue-chip stock index was down 0.41 per cent at 6,355 points in afternoon trading. It marked a change from the first three days of the week, when it rose to [...]
FTSE 100 quarterly review highlights the economy’s winners and losers June 4, 2020 | City Talk Home-repairs company Homeserve, cybersecurity firm Avast, DIY group Kingfisher and gambling giant GVC were the four companies announced yesterday as being promoted to the FTSE 100 – the index of the 100 biggest UK companies.Cruise giant Carnival, airline easyJet, aerospace components firm Meggitt and British Gas-owner Centrica are all making way. The FTSE reshuffles its [...]
FTSE 100 reshuffle: Easyjet and British Gas drop out over coronavirus June 4, 2020 Four major UK companies dropped out of the FTSE 100 in last night’s reshuffle, over their exposure to the coronavirus pandemic. Pummelled by a collapse in oil prices and commercial energy demand, British Gas owner Centrica has dropped out of the UK’s top index. Cruise ship operator Carnival, whose Diamond Princess cruiseliner suffered one of [...]
Total acquires 51 per cent stake in Scotland’s largest wind farm June 3, 2020 French oil giant Total has taken a 51 per cent stake in SSE Renewables’ £3bn Seagreen 1 wind farm, which was today greenlit for construction. The 1 gigawatt wind farm, which will be located in the Firth of Forth, will be Scotland’s largest renewable energy project. Once completed, it will provide enough electricity to power [...]
Sizewell C: Nuclear plant under scrutiny over Chinese role June 3, 2020 A quiet corner of the Suffolk coastline is set to become a new frontier in the debate over the UK’s changing relationship with Chinese foreign direct investment. Last week EDF submitted a planning application for Sizewell C, a new 3.2 gigawatt nuclear plant which could provide enough power for 6m homes. The project has been [...]