Oil wavers as traders weigh glut fears against supply disruptions July 19, 2016 Oil prices dipped in and out of positive territory yesterday, as traders weighed fresh output disruptions against persistent oversupply fears. Brent crude, the global benchmark, remained flat at $46.96 in afternoon trading, having fallen 1.4 per cent yesterday. And US crude, known as West Texas Intermediate, dipped 0.46 per cent to $45.03, after settling about 1.6 [...]
Oil slips as key chokepoint reopens after failed Turkey coup July 18, 2016 Oil markets shrugged off an attempted coup in Turkey late last week after a vital global shipping route was re-opened. Brent crude, the global benchmark, fell 1.85 per cent to $46.73 per barrel this afternoon. Meanwhile, the US benchmark, West Texas Intermediate crude, slumped 1.78 per cent to $45.13. Read more: The grand edifice of President [...]
FTSE 100 finishes higher for the third week in a row – but pound dips July 15, 2016 After a day of trading in negative territory, the FTSE 100 managed to heave itself into the green in the minutes before the bell, finishing 0.2 per cent higher, at 6,669.2 points. That meant the index finished up on the beginning of the week for the third time since the EU referendum. Today's rise was [...]
Gold loses shine as it heads for first weekly loss since May July 15, 2016 Bullion's longest rally in more than two years could draw to a close today, as an improving global outlook hit investor appetite for the safe haven. After six weeks of gains, bullion came under pressure this week, down 2.5 per cent so far. It's been hit by strong economic data out of the US, as [...]
Oil prices shake off losses after strong US economic data July 15, 2016 Oil prices crept into positive territory this morning, as official data pointed to solid demand in the world's largest economy. The Commerce Department said retail sales growth accelerated in May. Meanwhile, a separate release showed inflation rose for the fourth consecutive month. Read more: Oil slide leads to call from RAC for savings on the forecourt This [...]
UK stocks in a post-Brexit world – industrials, healthcare and biotech can still do well, despite the weakening pound July 15, 2016 The UK’s decision to vote Leave sent share prices tumbling, and the more domestically-focused FTSE 250 has been left worst off. Mark Martin, manager of the Neptune UK Mid Cap fund, explains the areas he’s still finding attractive – and the ones he’s avoiding On the Friday after Brexit, the FTSE 250 mid-cap index had [...]
Why Brexit will be no problem for London’s IPO market in the long term July 15, 2016 The UK has a new captain. In the immediate aftermath of the referendum vote David Cameron said he was not the captain to steer the ship. In among the volatility in the markets and with sterling, some said HMS UK was listing. Many also thought it meant the backlog of IPOs, which had been held [...]
Airline and travel shares fall after Nice attack July 15, 2016 Airlines and travel stocks were among the FTSE 100's biggest fallers this morning, after a suspected terror attack in Nice which killed 84 people. EasyJet was the index's worst-performing stock in early trading, falling 2.3 per cent to 1,144p, while International Airlines Group, the parent company of British Airways, followed, falling 1.5 per cent to 419.3p. Travel stocks were also [...]
At the close: FTSE 100 gives up its gains after Bank of England puts rate rise on hold until August July 14, 2016 The Bank of England dashed market hopes of a further rate cut for at least another month today, sending the FTSE 100 off its 11-month highs. Having rallied to a peak of 6,743.42 before the Bank of England's decision, the FTSE 100 crashed to earth, closing down 0.2 per cent at 6,654.47 points. Most analysts thought the Bank would [...]
The biggest tech IPO of the year is here – and Line popped July 14, 2016 The biggest tech IPO of the year is here, as Line goes public in a dual listing on the Tokyo and New York stock exchanges. The Japanese messaging firm is the sixth most used messaging app in the world, boasting 218m users. Priced at $32.84, shares popped nearly 30 per cent, opening at $42 per share [...]