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 [...]
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 [...]
US factory orders fall in September as trade war bites November 4, 2019 US factories suffered a steeper-than-expected fall in orders in September, survey data has shown, suggesting the country’s manufacturing sector is still being held back by the US-China trade war. Read more: US Fed lowers rates but signals it is done cutting Goods orders in the manufacturing sector fell 0.6 per cent last month compared to [...]
Phenomenally consistent Rory McIlroy will draw motivation from Brooks Koepka’s comments November 4, 2019 Rory McIlroy has played some incredible golf this year and he put in another exemplary performance at the WGC-HSBC Champions in China last week to win his fourth title of 2019. Not bad for someone who world No1 Brooks Koepka has said he doesn’t consider a rival. McIlroy’s consistency is phenomenal. The Northern Irishman has [...]
US jobs: Trump’s economy beats expectations to add 128,000 workers November 1, 2019 Sterling’s rise was cut short today by US jobs data that beat expectations, pushing the dollar higher as America added 128,000 jobs to its economy in October. The pound, which came close to hitting $1.30 earlier on a weak dollar, curbed its climb to stand 0.22 per cent up at $1.296 while the dollar rose [...]
Pound nears $1.30 as weak dollar and election buoy GBP/USD November 1, 2019 The pound jumped against the dollar in early trading today thanks to a weaker US currency and hopes of a Tory majority at the upcoming election. GBP rose 0.34 per cent against USD to $1.297 as markets opened, buoyed by a weaker dollar due to the US Federal Reserve’s third cut to interest rates this [...]
FTSE 100 staggers as Lloyds and Shell profits tumble October 31, 2019 The FTSE 100 dropped sharply this morning as Lloyds and Shell weighed down London’s blue-chip index, which headed for its biggest fall since 2 October. The index fell roughly one per cent to 7,254 points, with the DAX and the CAC both down 0.7 per cent. Shell’s share price fell nearly 3.8 per cent to [...]
Eurozone reports unexpectedly steady GDP growth October 31, 2019 Eurozone gross domestic product (GDP) grew steadily in the third quarter defying market expectations of a slowdown while headline inflation slowed due to a sharp drop in energy prices. GDP in the EU’s 19 member states grew 0.2 per cent on the previous quarter between July and September, according to preliminary figures from the EU’s [...]
US Federal Reserve lowers rates again but signals it is done cutting October 30, 2019 The US Federal Reserve took the axe to interest rates for the third time in a row today, just hours after data showed the US economy slowed in the third quarter. Read more: US economic growth beats expectations with Fed poised to cut rates Fed president Jay Powell struck a more cautious tone than at [...]
US economic growth beats expectations but Fed still set to cut rates October 30, 2019 US economic growth slowed in the third quarter but beat expectations as consumer spending and higher exports offset a fall in business investment. Read more: S&P 500 hits all-time high on trade and Fed optimism The US economy grew at an annual rate of 1.9 per cent between July and September, the US Commerce Department [...]