Covid-19 chaos boosts Plus500 trading after torrid 2019 February 28, 2020 Plus500 today reported a significant increase in trading activity over its first quarter of 2020 as the coronavirus outbreak spurred traders to greater levels of activity. The trading platform’s shares soared almost 10 per cent to 958p after today’s trading update. Panic over the coronavirus outbreak has caused turmoil across the world economy, leading to [...]
US stocks fall for seventh consecutive day as coronavirus fears increase February 28, 2020 US stocks opened down again today for the seventh straight day as investors continued to sell after new cases of coronavirus pummelled global stock markets. The Dow Jones and the S&P 500 both fell 2.5 per cent, to 25,119.36 and 2,904.44 respectively. The Nasdaq fared marginally better, opening 1.9 per cent down at 8,402.67. The [...]
Pound slips on coronavirus trade slump February 28, 2020 | City Talk GBP / EUR Update It was an up and down week for the pound. At the end of last week, it had made an average gain of 0.3%, but the positivity was short-lived. At the beginning of this week, retail sales showed a 0.9% increase after two months of decline, but the pound was pushed [...]
Coronavirus: the investment impact in seven charts February 28, 2020 | City Talk The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
One month after Brexit: what’s happened so far? February 28, 2020 | City Talk It’s been a month since the UK’s exit from the EU, but has anything actually changed? The UK has now moved into a transitional period which will last until December 31st. During this time, we exist under the terms outlined in our ‘divorce agreement’. Negotiations for a final trade deal are underway and the fate [...]
Coronavirus risks UK economic downgrade, Mark Carney warns February 28, 2020 The UK faces the prospect of faltering economic growth as a result of the coronavirus outbreak, Bank of England governor Mark Carney warned today. The Bank has already spotted a squeeze on world supply chains from the coronavirus epidemic that started in China at the turn of the New Year, Carney said. While it is [...]
How coronavirus could cause a global recession February 28, 2020 Covid-19 has dominated news headlines since mid-January. The human and social costs have been heavy, disrupting the normality of life primarily in China but also around the world. Now the recent outbreaks in Italy, Iran and South Korea have ignited fears of a global pandemic, and in response major equity indices have plummeted by nearly [...]
UK services firms and consumers grow cheerier despite coronavirus February 28, 2020 Optimism in the UK services sector rose at its fastest pace in almost five years in the three months to February, a survey has shown, in the latest sign that the removal of some political uncertainty has cheered businesses. A separate survey today showed that UK consumers also became more optimistic in February, with rising [...]
Global stock rout continues as coronavirus rattles markets February 27, 2020 US and European stock markets continued their dramatic slide today as investors rapidly lose taste for riskier assets amid the global coronavirus outbreak. In the US, the S&P 500 stock index was 1.2 per cent lower four hours into trading. Earlier in the day it had briefly fallen into so-called correction territory – a fall [...]
Oil sinks to lowest price in a year as virus fears grow February 27, 2020 Oil prices today hit their lowest level since January last year as fears about the impact of the coronavirus on the world economy grew. Brent crude was down 4.3 per cent to $51.14 a barrel this afternoon as the virus continues its spread outside of China. Any impact on global consumption or manufacturing patterns will [...]