US manufacturing sector grows at slowest rate in 10 years in May June 3, 2019 The US manufacturing sector grew at its slowest rate since 2009 in May, according to survey data released today, in a sign that the world’s biggest economy is losing momentum. Read more: European stock markets bleed red as Trump takes trade war to Mexico Tariffs were widely blamed for dampening demand and increasing costs, helping [...]
European stocks stabilise following US-China trade war escalation June 3, 2019 European stocks stabilised following a slump this morning sparked by the escalation of the trade war between the US and China, the world’s two largest economies. The FTSE 100 was trading 0.16 per cent up this afternoon after falling 1.09 per cent to 7,084.5p in the morning. Dax, which tracks 30 major German companies, was up 0.3 [...]
German chipmaker Infineon buys rival Cypress for €9bn June 3, 2019 German chipmaker Infineon has signed a deal to snap up US rival Cypress Semiconductor for €9bn (£8bn) as it looks to fight back against a slowdown in the chip industry. Infineon said it will pay $23.85 per share for the company, marking a 46 per cent premium on Cypress’s 30-day average share price. Read more: [...]
European stock markets bleed red as Trump takes trade war to Mexico May 31, 2019 European stock markets extended their slide into the red in the run-up to midday following the news that US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month. Read more: Trump threatens Mexico with 25 per cent tariffs over immigrants Trump said the move was a bid to lower migration [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
US first quarter growth revised down to 3.1 per cent May 30, 2019 US first quarter economic growth was revised down slightly to an annualised rate of 3.1 per cent, according to the second estimate released today by the country’s Bureau of Economic Analysis (BEA). Read more: Global markets sink into the red as technology front opens up in trade war The annualised growth rate is nonetheless one of [...]
Investors given second chance to buy a piece of Star Wars May 30, 2019 By Rodney Hobson from interactive investor. This iconic brand has rewarded shareholders handsomely, and could do again, argues our overseas expert. Investors could be forgiven for thinking they had missed their chance to buy into The Walt Disney (NYSE:DIS) when the shares shot up 10% one April day, and then went on to set new [...]
FTSE 100 and US stock markets drop as Chinese trade war concerns weigh on investors May 29, 2019 The FTSE 100 fell 1.2 per cent today amid signs of an escalation in the China-US trade war along with growing concerns over a no-deal Brexit. All 10 blue-chip indices were in the red after China warned Beijing was ready to use its control over rare earths to his back at the US in their [...]
Arcelormittal slashes steel production days after collapse of British Steel May 29, 2019 Arcelormittal today slashed its European production for the second time this month as steelmakers face increasing challenges. The company said it would reduce the amount of steel produced at a plant in France and two in Germany, as market demand remains weak and European customers chose to rely on increased imports. Read more: 80 potential [...]
Oil prices fall two per cent on fears of escalating US-China trade war May 29, 2019 Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]