Markets live: US stocks dip on stimulus fears after miners pull FTSE 100 lower August 6, 2020 The FTSE 100 sank sharply today as traders appeared to react negatively to the Bank of England’s relatively upbeat assessment of the UK economy, amid fears of a lack of fresh US stimulus. The UK index dropped 1.32 per cent to 6,024 points by 4pm, after the Bank said the economy would fall less sharply [...]
Glencore shares fall as miner cuts dividend amid growing debt August 6, 2020 Shares in miner Glencore fell 3.8 per cent this morning after the commodities giant said that it would scrap its $2.6bn dividend to concentrate on reducing debt. As a result of the coronavirus pandemic, which has lowered prices for the company’s minerals due to a slump in demand, Glencore said it had booked a total [...]
Crypto AM shines its Spotlight on AgAu July 28, 2020 AgAu – The Peer-to-peer, Electronic, Money System. Referencing Satoshi Nakamoto’s white paper: Bitcoin, a peer-to-peer, electronic, cash system, AgAu makes a distinction between cash/currency and money. “Cash or currency is fiat. Gold on the other hand, is money. Currency can be a medium of exchange; gold is a store of value. Over the long term [...]
FTSE 100 rises but US stocks stall after dire retail sales data May 15, 2020 US stocks have fallen in the wake of dire retail sales data, even as the FTSE 100 has risen on the final day of a choppy week of trading that has seen investors second-guess the recent stock market rally. The UK’s FTSE 100 index was up 1.5 per cent this afternoon at 5,785 points in [...]
Coronavirus: Glencore set to cut spending as production falls April 30, 2020 Glencore said that it would cut capital spending and production guidance for the year but stressed that it was well-placed to weather the coronavirus storm. Shares in the firm fell over one per cent in the morning’s trading. The coronavirus pandemic has forced the commodities giant to halt operations in countries such as South Africa, [...]
FTSE 100 sinks deeper as oil prices continue collapse April 21, 2020 The FTSE 100’s losses mounted up today as US oil prices returned into negative territory despite Europe beginning to relax coronavirus lockdowns. London’s blue-chip index dropped 2.25 per cent by 2pm, after opening around 1.3 per cent down this morning. The FTSE 100 lost 131 points to hit 5,681 points as oil majors and energy [...]
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 [...]
FTSE miners lead recovery as China’s infection rate slows March 13, 2020 FTSE miners led London’s blue-chip index higher today as traders welcomed a lower rate of new coronavirus infections in China. Evraz, BHP, Anglo American, Glencore and Petra Diamonds all posted double-digit gains as the FTSE 100 surged over eight per cent higher following yesterday’s record sell-off. Online trader IG analyst Joshua Mahony linked the jump [...]
Global stocks plunge amid oil crash and coronavirus outbreak March 9, 2020 Global stock markets plunged today as a crash in oil prices and the rapid spread of coronavirus caused panic to set in on trading floors around the world. The UK’s FTSE 100 slumped 7.7 per cent in its biggest one-day fall since the 2008 financial crisis. The rout wiped £125bn off the value of the [...]
Oil prices: FTSE energy stocks tumble after Opec coronavirus chaos March 9, 2020 FTSE 100-listed energy stocks have crumbled in early trading after Saudi Arabia initiated a price war that saw oil prices collapse today. Shell’s share price plummeted 21 per cent before trimming losses to stand down 14.8 per cent by 9.50am, while BP’s tumbled 17.3 per cent to 326.9p. Petrofac fell over 50 per cent to [...]