Egypt and Morocco capital markets attract growing international recognition July 7, 2020 | City Talk Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]
Markets live: Nasdaq hits record intraday high as FTSE 100 rallies on recovery hopes July 6, 2020 The FTSE 100 and US stock markets rose sharply today as investors cheered the prospect of more stimulus for the UK economy and followed the lead of Asian markets. London’s index of blue-chip companies was 1.87 per cent higher this afternoon at 6,2572.5 points. The FTSE 250 index of slightly smaller firms rose 1.27 per [...]
US services sector returns to growth with record surge July 6, 2020 The enormous US services sector returned to solid growth in June, according to a survey, with a closely watched gauge posting its biggest rise since records began. It is the latest sign that the world’s biggest economy was on its way back to normality in June from coronavirus lockdowns. However, a surge of new coronavirus [...]
BEQUANT talks to Ripple July 6, 2020 | City Talk Marcus Treacher, SVP Customer Success, Ripple talks to BEQUANT about how the organisation copied with the challenges presented by Covid-19, what it will take to install mass adoption of digital assets and what the future holds for Ripple. How has Ripple adapted to the challenges of COVID-19, and how are you currently supporting your customers [...]
Construction sector rebounds sharply as UK reopens July 6, 2020 The UK construction sector beat expectations and returned to solid growth in June as coronavirus lockdown measures were eased further, according to a survey. The closely watched IHS Markit/Cips construction purchasing managers’ index (PMI) surged to 55.3 in June from May’s severely weak reading of 28.9. It was the fastest pace of expansion since July [...]
Asian markets jump as Chinese blue chips hit five-year high July 6, 2020 Asian markets climbed to four-month highs on Monday as investors bet on a revival in Chinese activity to sustain global growth, even as coronavirus cases continued to surge in the US. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.5 per cent to its highest since February, while Chinese blue chip stocks surged 4.7 [...]
Former Tory PM advisers call for government to spend big on coronavirus recovery July 6, 2020 A group of former economic advisers to a string of Tory prime ministers and chancellors have called for a swathe of jobs programmes and fiscal spending to aid the UK’s economic recovery. The group called for £30bn investment into high growth firms, a new retraining fund, a doubling of further education funding and tax reform. [...]
Rishi Sunak considers £500 hand out to every adult July 5, 2020 Chancellor Rishi Sunak is considering plans to hand £500 to every adult and £250 to every child in the country to spend on sectors worst affected by the coronavirus crisis. The plans, which have been drawn up by left-leaning think tank the Resolution Foundation, would see people handed vouchers to spend on sectors such as [...]
FTSE 100 slides as new coronavirus cases spook investors July 3, 2020 The FTSE 100 fell in morning trading as investor excitement following yesterday’s strong US payrolls data petered out and fears over surging coronavirus cases helped dampen sentiment. The blue-chip index was 0.8 per cent lower approaching midday, at 6,190 points. On its current path, the FTSE 100 will have risen marginally this week. Read more: [...]
UK PMI: Historic slump in private sector activity levelled off in June July 3, 2020 The historic slump in activity in the UK’s private sector levelled off last month as sections of the economy began to reopen following an easing of lockdown measures, new purchasing managers’ index (PMI) readings showed. The final IHS Markit composite PMI reading for last month came in at 47.7 — slightly higher than the flash [...]