Italian bonds rally amid hopes EU will halt deficit crackdown June 24, 2019 The cost of Italian government borrowing today neared one-year lows reached last week after weekend reports that the European Union will halt plans to discipline the country over its high levels of public debt. Read more: Italy could face €3bn fine over high levels of public debt Italy’s 10-year bond yield – which moves inversely [...]
Shareholder Barrick ‘undermined’ our efforts to negotiate $190bn tax bill, Acacia says June 24, 2019 Acacia Mining hit out at Barrick Gold today as the firms trade jibes over a potential takeover bid. Acacia, a Tanzania-focused gold company, accused Barrick of undermining its attempts to negotiate with the country’s government. Read more: Barrick Gold mulls $787m bid for Acacia amid spat with Tanzania Taxing problems The miner has faced a [...]
Bitcoin retreats from 18-month high as cryptocurrency catches Facebook libra fever June 24, 2019 Bitcoin pulled back from an 18-month high today after breaking the $11,000 barrier over the weekend, with many attributing the rise to the launch of Facebook libra. Read more: Bitcoin rallies to $11,000: Is it different this time? The world’s biggest cryptocurrency reached $11,248 (£8,822) on Sunday night, according to the Bitstamp exchange. Bitcoin then [...]
Brexit three years on: markets and the economy in six charts June 24, 2019 | City Talk On 23 June 2016, the UK public voted on whether or not to stay in the European Union (EU). Many expected the UK to remain in the EU, but by a majority of 52% to 48% the Leave campaign won. The UK was scheduled to leave the EU at 23:00 UK time on 29 March [...]
Turkish lira rallies as President Erdogan’s AK Party concedes Istanbul defeat June 24, 2019 The Turkish lira and other assets have climbed in value after the country’s opposition beat President Recep Tayyip Erdogan’s ruling AK Party (AKP) in the re-run Istanbul mayoral election on Sunday. Read more: Turkish lira continues its falls as country’s reserves dwindle The Turkish lira had climbed 0.5 per cent against the dollar shortly before [...]
Oil prices tick up amid Middle East tensions June 24, 2019 Oil prices rose this morning as markets reacted to increasing tensions in the Middle East. The price of international standard Brent Crude reached highs of $65.74 this morning, before giving back some gains later in the day. At around 10.45am the black stuff was up 0.3 per cent to $65.39. Read more: Trump cancelled Iran [...]
Bitcoin rallies to $11,000: Is it different this time? June 24, 2019 | City Talk All that glitters is not gold. Bitcoin is sparkling again but beware…breakdown’s coming up ‘round the bend. Bitcoin jumped above $11,000, taking it to its highest level since March 2018 , before it pared some of those gains. Investors are ignoring what happened the last time we saw the market going parabolic. Is it different this time? [...]
Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]
Global stock markets on track for best first half in 20 years June 23, 2019 Global stock markets are on track for their best first-half performance in over 20 years, with US shares hitting record highs last week. Read more: Global stock markets jump as Trump announces Xi Jinping meeting The stock market expansion comes thanks to central banks around the world signalling they will cut interest rates or launch [...]
Bitcoin bursts through $10,000 mark as strong run continues June 22, 2019 Bitcoin has jumped above $10,000 (£7,853) for the first time in roughly 15 months, as its recent run of strong form shows no signs of slowing. The cryptocurrency broke through the mark in the early hours of this morning and is now trading at roughly $10,900, according to figures from Bitstamp. Read more: Bitcoin hits [...]