FTSE 100 takes battering as trade worries shake global markets August 5, 2019 The FTSE 100 took its second battering in as many sessions today as trade tensions and the prospect of a no-deal Brexit put the fear of God into investors. The blue-chip index lost 183.21 points, or 2.47 per cent, to end the day at 7,407.06, after dropping more than 177 points on Friday. Only miner [...]
Tumbling Chinese currency drags down stock markets on trade war fears August 5, 2019 China’s currency the renminbi today slumped against the dollar to a level not seen since the financial crisis, sparking an equities sell off due to fears of a further escalation of trade tensions. Read more: Donald Trump accuses Beijing of currency manipulation The currency, which the Chinese government lets fluctuate two per cent either side [...]
Donald Trump accuses Beijing of currency manipulation August 5, 2019 US President Donald Trump has accused China of currency manipulation and said the Federal Reserve should act to lower the value of the dollar. Read more: Markets in turmoil as Chinese currency falls to financial crisis levels Trump tweeted: “China dropped the price of their currency to an almost a historic low. It’s called “currency [...]
FTSE 100 tumbles as trade war heats up and Brexit approaches August 5, 2019 Britain’s FTSE 100 stock index has tumbled 1.9 per cent as an escalation of trade tensions and the growing likelihood of a no-deal Brexit cause investors to sell UK shares and buy safer assets. Read more: Markets in turmoil as Chinese currency falls to financial crisis levels The sell-off of British equities sent investors towards [...]
Markets in turmoil as Chinese currency falls to financial crisis levels August 5, 2019 China’s currency the renminbi has fallen to its lowest level against the dollar since the financial crisis, crashing through the seven-per-dollar threshold after an escalation in the US-China trade war. By 8.30am UK time the onshore traded renminbi had fallen 1.3 per cent to 7.030 per dollar. The drop prompted investors to sell so-called risk [...]
How the Anglosphere philosophy will fuel the new Prime Minister’s foreign policy August 5, 2019 It is often important to look at a leader’s idols for clues as to what makes them tick. British critics of Boris Johnson, rather than dismissing him as a cut-rate Winston Churchill tribute act, would do far better looking at what it is about the great man that so impresses the current Prime Minister. The [...]
Global markets recoil and China warns of retaliation after Trump trade war threat August 2, 2019 Stock markets around the world have fallen after a sharp escalation in the United States’ trade war with China. Indices in the US fell after the open, amid fears of an economic slowdown if President Donald Trump follows through on his threat to impose a further 10 per cent tariff on $300bn worth of Chinese [...]
US employment reaches new high as country adds 164,000 jobs in July August 2, 2019 The United States added 164,000 jobs last month, suggesting the economy is cooling but not as much as analysts had feared. The gain was well down on June’s figure of 224,000, but was roughly in line with economists’ forecasts of around 165,000 for July. Read more: FTSE 100 sinks into red on Trump’s threat to [...]
FTSE 100 sinks into red on Trump’s threat to impose fresh China tariffs August 2, 2019 The FTSE 100 has slumped 1.7 per cent this morning, putting it on course for its worst day in more than four months after US President Donald Trump threatened to impose more tariffs on China. Trump’s threatened escalation in the trade war, plus tumbling shares in Royal Bank of Scotland (RBS) on the back of [...]
Oil prices bounce back after Donald Trump’s China tariffs send them plummeting August 2, 2019 Oil prices rebounded by around two per cent on Friday as they recovered some ground following the biggest falls in recent years on Thursday in the wake of US President Donald Trump imposing more tariffs on Chinese imports. As the trade war intensified, the price of World Texas Intermediate and Brent Crude suffered its steepest [...]