Coronavirus: US Federal Reserve pledges another $2.3 trillion in loans April 9, 2020 The US Federal Reserve has promised an extra $2.3 trillion (£1.84 trillion) of loans to shore up the US economy as American unemployment surged for the third week in a row amid the coronavirus crisis. Fed chairman Jay Powell said the money would be made available for employers and households to help them through the [...]
Coronavirus: FTSE 100 and European stocks trim gains April 9, 2020 The FTSE 100 trimmed gains along with the major European stocks after jumping on today’s open, but traders still hope the coronavirus pandemic is peaking. Traders pushed London’s blue-chip index back into the green as it opened 1.9 per cent higher to 5,781 points. The FTSE 100’s 100-point jump came after a 0.5 per cent [...]
Asian stocks climb as hopes grow coronavirus is peaking April 9, 2020 Asian stocks rose today as hopes grew the global coronavirus outbreak is reaching its peak and oil prices grew on expectations of a production cut. Hong Kong’s Hang Seng index rose 0.65 per cent despite Japan’s Nikkei dropping 0.33 per cent overnight. The Nikkei sank as coronavirus infections rose in Japan, after the government declared [...]
Coronavirus: FTSE 100 ends two-day rally as EU recovery stalls April 8, 2020 The FTSE 100 could not recover from a 1.2 per cent slump today after EU finance ministers failed to agree steps towards a coronavirus recovery. London’s blue-chip index fell 65 points to 5,638 within its first half hour of trading today. It followed two consecutive days of sharp gains for the FTSE 100. France’s Cac [...]
Robert Walters blames ‘savage’ coronavirus for UK profit hit April 8, 2020 Recruiter Robert Walters has bemoaned the “savage” economic impact of coronavirus as UK fee income slumped 29 per cent over the first quarter of 2020. The recruitment agency is seen as an economic bellwether and took a hit from Brexit uncertainty and the lead-up to December’s General Election in 2019. “It’s largely a hangover from [...]
Top EU scientist blasts coronavirus response as he quits April 8, 2020 The EU’s most senior scientist resigned in a rage last night, saying he has “lost faith in the system” over the bloc’s coronavirus response. Mauro Ferrari, an Italian-American scientist who took charge of the European Research Council (ERC) at the start of 2020, left overnight with a 1,000-word take down of the EU’s coronavirus strategy. [...]
FTSE 100 gains cool despite coronavirus cases starting to fall April 7, 2020 The FTSE 100 finished the day up two per cent after cooling gains in US stocks forced the London index down from a three per cent high. However, it still posted its second day of gains as traders became optimistic that Europe could soon relax its coronavirus lockdowns as the rate of new cases slowed. [...]
China reports no new coronavirus deaths for the first time April 7, 2020 China reported no new coronavirus deaths overnight for the first time since the outbreak began in Wuhan at the start of 2020, as hopes grow that the global pandemic is easing. European countries hit badly by Covid-19, Italy, Spain, Germany and France, also reported lower new case numbers yesterday. And New York’s governor, Andrew Cuomo, [...]
FTSE 100 rises with Europe set to ease coronavirus lockdowns April 6, 2020 The FTSE 100 has risen as investors are cheered by signs that the spread of coronavirus is slowing and as Europe prepares to ease lockdowns. London’s blue-chip index had risen 2.2 per cent to 5,532 points by midday. Last week, the FTSE 100 fell as data releases laid bare the damage coronavirus is causing to [...]
Arrow Global shares jump despite scrapping dividend April 6, 2020 Debt purchasing group Arrow Global’s shares shot up almost 11 per cent today as it said it is well placed to survive the tumult of the coronavirus outbreak, despite cancelling its dividend. Arrow Global said it will not pay a final dividend of 8.7p for its 2019 financial year in order to shore up cash [...]
