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 [...]
Trainline IPO: Ticket app shares surge in £1.7bn debut June 21, 2019 Trainline’s shares soared on their first day of trading today after the tech giant made its £1.7bn stock market debut. Read more: Trainline chases £1.5bn IPO The train travel booking app priced its shares at 350p each in its initial public offering (IPO) today, to value the firm at £1.68bn. And Trainline’s share price jumped [...]
DEBATE: Slack has gone public with a direct listing, but is this type of ‘non-IPO’ just a fad? June 21, 2019 Slack has gone public with a direct listing, but is this type of ‘non-IPO’ just a fad? Neil Wilson, chief market analyst at Markets.com, says YES. Direct listings can work, and you may well get superior price discovery, but they’re suitable only for a relatively small number of firms and will never replace the traditional [...]
Britain smashes annual record for coal-free power – in just six months June 20, 2019 Britain smashed another record for not burning coal from energy today as it moves towards eliminating the fuel by 2025. British power plants have now stood idle for 1,976 hours so far this year, more than in all of 2018. Read more: Carbon chief: A green economy will be cheaper than you think It has [...]
Gold hits five-year high on dovish Fed June 20, 2019 Gold prices hit a five-year high today after dovish signals from the US Federal Reserve put pressure on the dollar. Spot gold hit $1,380.96 per ounce, its highest peak since March 2014. Read more: Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? It follows a a rise of around [...]
London forex broker Argentex goes public in £120m float June 20, 2019 London foreign exchange broker Argentex pulled the trigger today on a listing that values it at £120m. Argentex assists businesses and high-net worth individuals with forex transactions related to their business needs, but does not engage in speculative trades for its clients or offer margin trading, spread betting or similar products. It has conditionally raised [...]