Nasdaq hits record high as Apple and Facebook enjoy bounce December 7, 2020 The tech-heavy Nasdaq has hit a record high today rising 0.4 per cent, as several of its largest constituents rose in value. Apple stock jumped 1.56 per cent and Facebook rose 2.05 per cent, but a decline in names such as Alphabet and Microsoft kept major averages in check. Large cap growth stocks, which had [...]
Can asset management’s Covid-19 response help regain public trust? November 27, 2020 | City Talk The tenth anniversary of the Global Financial Crisis (GFC) back in 2018 sparked a deluge of articles recalling the days the financial system stared into the abyss. They questioned just how close we came to complete collapse, but also whether it could happen again. Had anything changed in the decade that followed? From some perspectives [...]
Before the bell: Volatility remains low post-Thanksgiving November 27, 2020 It was a subdued session yesterday as the US celebrated Thanksgiving and in turn the US stock market was closed. Dealers in the rest of the world largely sat on their hands while their US-based counterparts enjoyed their turkey. It was a quiet day in terms of news flow and there was little appetite for [...]
US unemployment benefit numbers spike on fresh Covid-19 resurgence fears November 19, 2020 The number of Americans filing new claims for unemployment benefits unexpectedly rose last week as new business closures to control the spiraling Covid-19 infections unleashed a fresh wave of layoffs and further slowed the labor market recovery.
Biden the bullet: US President-elect unveils $7 trillion coronavirus recovery package November 16, 2020 US President-elect Joe Biden has unveiled details of his $7 trillion coronavirus recovery package, as the Democrat lays the groundwork for America to “Build Back Better” from the worst Covid death toll in the world. Biden today announced his administration would invest $300bn in “the most critical competitive new industries and technology” to help the [...]
Moderna vaccine prevents 94.5 per cent of coronavirus November 16, 2020 Covid-19: Moderna vaccine close to 95 per cent effective against coronavirus, but the UK hasn't yet ordered any doses
Pfizer’s Covid-19 vaccine news set off a $2 trillion trading frenzy on markets November 10, 2020 Pfizer's Covid-19 vaccine news set off a $2 trillion trading frenzy on markets
Bad connection: Zoom shares sink after Pfizer Covid-19 vaccine breakthough November 9, 2020 Bad connection: Zoom shares sink 16% after Pfizer Covid-19 vaccine breakthough
US employment growth hits five-month low but beats estimates November 6, 2020 The number of Americans finding new work slipped to its lowest level in five months in October as stimulus petered out and coronavirus cases rose, although the figures came in well above expectations. Last month 638,000 Americans found jobs, the US Labor Department said today in its monthly non-farm payrolls report. That was down from [...]
Biden vs Trump: what are markets telling us? November 2, 2020 | City Talk With less than a week to go until the US presidential election, will Biden’s lead in the polls be enough to convince investors that Trump is poised for defeat? Many think not. After all, the polls notoriously got it wrong four years ago when Trump beat Hillary Clinton. For this reason, there has been heightened [...]