Before the Bell: Europe set for lower open on delayed recovery concerns January 18, 2021 After the early week exuberance of the first week of 2021, investor appetite for risk has taken a little bit of a knock the last week, largely down to concerns that the recovery story being priced in may well be a little premature, Michael Hewson, chief market analyst at CMC Markets UK, tells City A.M. [...]
Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
FTSE 100 drops to October lows on recession fears January 15, 2021 The FTSE 100 sunk into the red today, capping off its worst weekly performance since the end of October amid fresh Covid woes. The blue-chip index closed down 0.97 per cent at 6,735 points after new data showed UK GDP fell 2.6 per cent in November, sparking fears of a double-dip recession. London’s main market [...]
UK set for double-dip recession as GDP plummets 2.6 per cent January 15, 2021 The UK economy shrank by 2.6 per cent in November as the Covid-19 pandemic took hold of multiple sectors across the country, according to new figures published this morning. The Bank of England estimates Britain’s economy shrank by just over 1 per cent over the final three months of 2020. With a new lockdown in [...]
FTSE 100 and Wall Street on the rise on Biden stimulus hopes January 14, 2021 The FTSE 100 and Wall Street rose today on the news that President-elect Joe Biden will tonight unveil a fresh trillion stimulus package to boost the US’ flagging economy. Biden is expected to reveal details of the deal, which is expected to top $1.5 trillion, in an television address tonight. London’s premier index rose 0.5 [...]
US unemployment claims surge as Covid-19 cases ravage economy and jobs January 14, 2021 US unemployment claims surge as Covid-19 cases ravage economy and jobs
Before the Bell: Europe called higher as Biden is due to announce $2trn stimulus January 14, 2021 Volatility in the markets was low across the board yesterday. There was no change to the macroeconomic outlook. “Hence why trading ranges were relatively small. Equity markets in Europe and the US had muted sessions,” David Madden, market analyst at CMC Markets UK, tells City A.M. this morning. “The health crisis is still bubbling away [...]
FTSE 100 and Wall Street flat in subdued day for markets January 13, 2021 The FTSE 100 was flat by the mid afternoon as markets slipped into a lull after a rapid start to the year. After rising 6.4 per cent last week, London’s leading index has faltered this week with two consecutive sessions of losses. By 3pm the bourse was down 0.05 per cent at 6,751 points. The [...]
Christine Lagarde backs economic outlook despite Covid-19 resurgence in Europe January 13, 2021 The eurozone economy will rebound this year provided lockdown measures curb the Covid-19 pandemic, according to European Central Bank President Christine Lagarde. Speaking earlier today, Lagarde highlighted the importance of easing lockdown restrictions and delivering successful vaccination programmes, conceding that early rollouts had posed challenges. Last month, the ECB predicted economic growth of 3.9 per [...]
Before the Bell: Volatility remains low but Trump faces impeachment vote January 13, 2021 Stock markets had a relatively quiet session yesterday as there wasn’t any major news to influence sentiment in one way or another. European stocks lost ground as Covid-19 case numbers played on traders’ minds. Several governments have tight restrictions in place in a bid to get a handle on the virus – which is having [...]