S&P 500 posts fifth week of gains as Wall Street hits record highs despite Trump denying US will rollback tariffs on China November 9, 2019 The three major US stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday despite comments from Donald Trump insisting he had not agreed to roll back tariffs on Chinese goods. Officials from both China and the United States agreed to end some tariffs on each [...]
Aston Martin is hoping next year’s James Bond movie will boost sales November 7, 2019 The chief executive of ailing luxury car manufacturer Aston Martin hopes next year’s James Bond movie will give the firm a financial boost. Shortly after announcing the company had fallen to a £13.5m loss in the third quarter of the year, Andy Palmer said the series usually gives Aston Martin a lift in China, a [...]
US stock markets rise as Beijing and Washington agree to scrap some tariffs November 7, 2019 US stock markets have opened higher after China said it had agreed with the US to cancel tariffs in phases, signalling a thawing of the frosty trade relations between the world’s two biggest economies. Read more: European markets rise on US-China trade war hopes The tech-heavy Nasdaq rose by 0.7 per cent shortly after opening, [...]
European markets rise as US and China agree to phase out tariffs November 7, 2019 European markets have risen this morning after the US and China announced plans to gradually lift tariffs as the two countries work towards securing a trade deal. News of the trade-war de-escalation buoyed Britain’s FTSE 100 index, sending it up as much as 0.44 per cent in morning trading. The blue chip index was sitting [...]
Pizza Express owner to pay down debt pile with £80m cash injection November 6, 2019 The Chinese owner of restaurant chain Pizza Express has launched a tender offer to buy up £80m of the company’s unsecured bonds, as it looks to allay concerns about the firm’s financial future. Chinese private equity firm Hony Capital, which bought the company in 2014, appointed financial advisors before crucial talks with creditors last month [...]
FTSE 100 flat as European traders await next US-China trade move November 6, 2019 European markets traded flat this morning, quietening down after several days of gains as investors waited for the next development in the US-China trade war. The FTSE edged down slightly less than 0.1 per cent, while the Dax remained flat and the Cac edged up 0.2 per cent. Read more: 15 minute daily walk could [...]
OPEC chief optimistic for 2020 as oil price rises one per cent November 5, 2019 The oil market outlook for 2020 may have upside potential, the secretary-general of producer group OPEC said today, appearing to underplay any need to cut output more deeply. Mohammad Barkindo said he was more optimistic about next year’s outlook than he had been last month, when he said all options, including a deeper cut to [...]
FTSE 100 climbs higher on US-China trade war hopes as pound slips November 5, 2019 The FTSE 100 opened higher as it mirrored a rise in Asian markets and Wall Street overnight amid growing optimism over US-China trade negotiations. Buoyed by reports that President Trump may remove tariffs from some Chinese goods, Japan’s Nikkei climbed 1.8 per cent while China’s Shanghai Composite moved 0.5 per cent higher. Read more: US [...]
Bayer leads $25m investment round for healthcare start-up Medopad November 5, 2019 Digital healthcare start-up Medopad has earned $25m in an investment round led by Leaps by Bayer, the German pharmaceutical multinational’s venture capital arm. The investment, which brings Medopad’s total funding to over $50m, will be used to help develop the company’s digital health platform and to fund new clinical studies. Read more: Investment bank in [...]
US stock markets hit all-time highs on trade war optimism November 4, 2019 The US’s three biggest stock markets hit all-time highs today as growing optimism about a US-China trade deal and loose global monetary policy caused investors to snap up risk assets. Read more: Donald Trump reveals ‘phase one’ trade agreement with China The benchmark S&P 500, the Dow Jones industrial average, and the tech-heavy Nasdaq had [...]