What’s happening to the AUD/GBP exchange rate? March 25, 2020 | City Talk A quick look at the performance of the Australian dollar in the FX market during the global pandemic The Australian dollar has been under pressure all year; as a commodity-based currency, it was among the first to struggle due to the impact of the coronavirus. Now, as the countries implement various forms of lock-down and [...]
FTSE 100 rises on $2 trillion US coronavirus stimulus March 25, 2020 The FTSE 100 has risen in afternoon trading on a volatile day for global stock markets following the signing of a $2 trillion (£1.7 trillion) US coronavirus stimulus package. London’s blue-chip index was two per cent higher at 5,557 by 4pm after swinging in and out of negative territory earlier in the session. European stocks [...]
US stocks choppy as Wall Street weighs huge coronavirus stimulus March 25, 2020 US stocks have had a mixed start to trading a day after the biggest rally in a decade as investors mull over a $2 trillion stimulus package agreed by Congress yesterday. Wall Street’s Dow Jones was 1.3 per cent higher an hour into trading, while the S&P 500 was up 0.1 per cent. The Nasdaq [...]
Storage space issues could force oil prices down to $10 March 25, 2020 Oil prices could hit $10 per barrel as storage facilities across the world run out of space amid a coronavirus-inspired price war, it is reported. Worldwide oil storage has reached three quarters of capacity, it was reported today, after Saudi Arabia flooded the market with cheap oil to hurt its rival, Russia. Canada, a key [...]
London Stock Exchange to allow dividend delay over coronavirus disruption March 25, 2020 The London Stock Exchange is to allow companies listed on its market to delay the payment of dividends by up to 30 days as markets grapple with the impact of coronavirus. “As a result of market conditions and issuers implementing their contingency plans, the Exchange has received enquiries from issuers and their advisers regarding deferral [...]
Oil prices stage brief rise thanks to Fed coronavirus action March 24, 2020 Oil prices rallied today after a torrid day yesterday. Brent crude was up to almost $28 a barrel and WTI crude futures is at $23, a four per cent rise on yesterday. This has been attributed to pledge from the Federal Banking Reserve to dramatically increase support for US business, although the US Senate could [...]
US stocks jump as Congress nears coronavirus stimulus deal March 24, 2020 US stocks have jumped after the Federal Reserve made its biggest move yet to calm the markets and boost the economy and as investors hope Congress will produce a stimulus package worth around $2 trillion (£1.7 trillion). Wall Street’s S&P 500 index was 6.3 per cent higher, the Dow Jones industrial average had rocketed 9.5 [...]
Coronavirus: FTSE 100 rises as Fed buys bonds and UK enters lockdown March 24, 2020 The FTSE 100 rebounded sharply today after the government imposed a UK coronavirus lockdown and the US Federal Reserve announced an unlimited bond-buying spree yesterday. Britain’s blue-chip stock index jumped 4.3 per cent higher in morning trading to climb back above 5,000 points to 5,206. The FTSE 100’s rise made up for the 3.7 per [...]
Global stocks set to rise sharply on Fed’s bond-buying pledge March 24, 2020 Global stocks rose overnight despite fears US President Donald Trump’s administration’s economic stimulus package faces further delays. Asian stocks surged in Tuesday trading that saw Japan’s Nikkei leap seven per cent higher and Hong Kong’s Hang Seng index jump 4.6 per cent. That came despite the Senate again blocking Trump’s near $2 trillion (£1.7 trillion) [...]
Silver linings: Positive investment trends for stock market optimists March 24, 2020 Stocks investors are likely to be feeling battered and bruised at the moment. The coronavirus-induced bear market has seen share prices fall sharply — even the UK’s blue-chip FTSE 100 index is down more than 30 per cent since the start of the year. Many industries are facing hurdles due to the government’s self-isolation guidelines, [...]