FTSE 100 and US stocks drop on economy warnings July 7, 2020 The FTSE 100 and US stocks have fallen as investors weigh persistent worries about the economy against countries’ moves to reopen after lengthy coronavirus lockdowns. London’s blue-chip index was 1.6 per cent lower this afternoon, at 6,187 points. It rose more than two per cent yesterday after Chinese shares rallied more than five per cent. [...]
Markets live: Nasdaq hits record intraday high as FTSE 100 rallies on recovery hopes July 6, 2020 The FTSE 100 and US stock markets rose sharply today as investors cheered the prospect of more stimulus for the UK economy and followed the lead of Asian markets. London’s index of blue-chip companies was 1.87 per cent higher this afternoon at 6,2572.5 points. The FTSE 250 index of slightly smaller firms rose 1.27 per [...]
BEQUANT talks to Ripple July 6, 2020 | City Talk Marcus Treacher, SVP Customer Success, Ripple talks to BEQUANT about how the organisation copied with the challenges presented by Covid-19, what it will take to install mass adoption of digital assets and what the future holds for Ripple. How has Ripple adapted to the challenges of COVID-19, and how are you currently supporting your customers [...]
Asian markets jump as Chinese blue chips hit five-year high July 6, 2020 Asian markets climbed to four-month highs on Monday as investors bet on a revival in Chinese activity to sustain global growth, even as coronavirus cases continued to surge in the US. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.5 per cent to its highest since February, while Chinese blue chip stocks surged 4.7 [...]
FTSE 100 slides as new coronavirus cases spook investors July 3, 2020 The FTSE 100 fell in morning trading as investor excitement following yesterday’s strong US payrolls data petered out and fears over surging coronavirus cases helped dampen sentiment. The blue-chip index was 0.8 per cent lower approaching midday, at 6,190 points. On its current path, the FTSE 100 will have risen marginally this week. Read more: [...]
CMC Markets forecasts strong 2021 earnings on robust trading July 3, 2020 Online trading platform CMC Markets has predicted 2021 earnings to exceed the upper end of market consensus, as client trading remains strong through the pandemic. CMC has had a strong year so far as the coronavirus selloff in March helped bolster its income by 93 per cent to £252m in the first quarter. “In first [...]
Asian stocks climb to four-month high on US jobs data July 3, 2020 Asian stocks rallied to a four-month high today on robust US payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the US kept a lid on further risk-taking. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5%, reaching their highest level since late February, [...]
Nasdaq hits all-time high after data shows record jobs growth in US July 2, 2020 Wall Street surged on Thursday, with the Nasdaq hitting an all-time high as strong US jobs data and renewed hopes of a coronavirus vaccine buoyed equities. The FTSE 100 also rose on optimism over a possible vaccine, ending the session 1.34 per cent up. The midcap FTSE 250 added 1.04 per cent. Read more: Primark [...]
Singapore watchdog raises concerns over LSE’s $27bn Refinitiv deal July 2, 2020 Singapore’s competition authority has raised concerns about the London Stock Exchange’s (LSE) proposed $27bn (£21.6bn) acquisition of financial data provider Refinitiv. In an initial review, the Competition and Consumer Commission of Singapore (CCCS) cited concerns about the provision of foreign exchange benchmarks by the merged entity, saying it would need to conduct a second phase [...]
Premier Oil scraps Tolmount purchase as creditors approve BP deal July 2, 2020 Exploratory firm Premier Oil has dropped plans to buy a 25 per cent stake in Korean-owned company Dana Petroleum’s Tolmount field in the North Sea. The $191m (£152.6m) deal was agreed in January, alongside agreements to buy two fields from BP for a combined $625m. However, the company today revealed that it had shelved the [...]