Stock markets rise after Germany hints at stimulus August 19, 2019 European stock markets have risen sharply after opening and bond yields have fallen as investors react to the news that Germany could inject some stimulus into its stalling economy. Read more: US stock markets jump after China hints at stimulus Germany’s Dax was the biggest riser, climbing 1.2 per cent in early trading. Meanwhile the [...]
Danske Bank thinks US Fed will slash rates to one per cent by March August 16, 2019 Denmark’s biggest bank has predicted that the US Federal Reserve will slash its interest rate down to one per cent by March 2020. Danske Bank said it expects five more 25 basis point (0.25 percentage point) cuts between now and the Fed’s March 2020 meeting to “reflate the economy and markets”. Read more: Markets drop [...]
US stock markets jump after China hints at stimulus August 16, 2019 US stock markets have opened significantly higher after China sewed hopes of more stimulus and a rally in government bonds slowed down. Read more: FTSE 100 follows European stocks upwards after it reopens The tech-heavy Nasdaq index was the biggest climber, rising one per cent shortly after the opening bell. The S&P 500 had risen [...]
FTSE 100 and FTSE 250 reopen after glitch hits morning trading August 16, 2019 Trading in FTSE 100 and 250 stocks has reopened after a software issue that delayed the starting bell this morning was resolved. The London Stock Exchange (LSE) said it had “experienced a technical software issue” that had “affected trading in certain securities” but that this had been resolved. Read more: London stock exchange seals $27bn [...]
FTSE 100 follows European stocks upwards after it reopens August 16, 2019 The FTSE 100 copied European stock indices and rose sharply this morning when it finally opened after the worst outage in eight years. Read more: FTSE 100 and 250 reopen after glitch hits morning trading Britain’s blue-chip index had risen 0.4 per cent shortly before 11am UK time. London’s traders were over an hour and [...]
Lib Dems’ Swinson proposes alternatives to Corbyn for ‘unity government’ August 16, 2019 Liberal Democrat leader Jo Swinson has said former Labour deputy leader Harriet Harman and Tory chancellor Ken Clarke, two parliamentary “big beasts”, are willing to lead an emergency government to stop a no-deal Brexit. Read more: Corbyn fails to drum up support for plan to block no-deal Brexit Swinson’s statement came amid a row between [...]
Asian stock markets buoyant despite rising trade tension August 16, 2019 The main Asian stock markets have climbed overnight despite the raging US-China trade war after Beijing hinted at stimulus for its economy. Read more: Markets drop as US and China enter fierce war of words Investors’ spirits were lifted after China’s state planning office said it would act to increase disposable income. China’s Shanghai composite [...]
Markets drop as US and China enter fierce war of words August 15, 2019 A fierce war of words between China and the US broke out today after Beijing vowed to strike back over the 10 per cent tariffs the Trump administration is set to apply to $300bn of Chinese goods. Read more: Recession warning lights flash red as US and UK ‘yield curves’ invert China’s finance ministry said [...]
European stocks back in red on China trade threat to US August 15, 2019 European stock markets have fallen firmly into the red after China’s finance ministry said the government has to retaliate against the latest US tariffs on $300bn worth of its goods. Read more: Recession warning lights flash red as UK and US ‘yield curves’ invert The ministry also said the move by US President Donald Trump [...]
UK retail sales get surprise boost in July from stay-at-home shoppers August 15, 2019 British shoppers bought more than expected in July, the Office for National Statistics (ONS) said today, in a sign that consumer spending could help the UK economy escape recession in the third quarter. Read more: BRC: July 2019 worst on record for retail sales growth The 0.2 per cent increase in the quantity of retail [...]
