Trafigura to open carbon offset trading desk April 9, 2021 Commodities giant Trafigura has today announced that it will launch a carbon trading desk as financial institutions continue to adapt to the ever-increasing focus on climate change. The new desk will be led by Hannah Hauman, the firm’s former head of crude oil trading in Europe. The decision marks another step into the low-carbon market [...]
Wall Street dips after Fed minutes affirm low interest rates for longer April 7, 2021 Wall Street dropped towards the end of trading, as traders digested the latest update from the Federal Reserve latest’s meeting. The Dow Jones, and Nasdaq indexes are currently down by 0.06 and 0.07 per cent respectively, while the S&P 500 is performing a little better, up 0.6 per cent. The Fed struck a dovish tone [...]
FTSE 250: The best and worst performers ranked as index hits record high April 7, 2021 It’s been a stellar week for the FTSE 250, which today soared to record highs as stocks rode a wave of optimism ahead of a further easing of lockdown measures. The domestically-focused index closed up 0.76 per cent at 22,160 points — an all-time high — as investors were buoyed by the reopening of pubs [...]
City PM T.V Daily Market Snapshot (video) April 6, 2021 Daily market snapshot: Having largely traded sideways in February and March, US equity markets have broken out to the upside over Easter.
GameStop shares slump as it plans $1bn post-rally stock sale April 5, 2021 GameStop shares slump as it plans $1bn post-rally stock sale
S&P 500 breaks through 4,000 mark as FTSE 100 pushes higher April 1, 2021 The S&P 500 broke through the 4,000 mark for the first time today as buoyant tech stocks and optimism about reopenings boosted Wall Street. The index was up 0.8 per cent 4,006 points shortly before 5pm. The Dow Jones and Nasdaq also rose 0.4 per cent and 1.5 per cent respectively. The rapid rollout of [...]
Hopes of Deliveroo rebound evaporate as shares slide further April 1, 2021 Any hopes of a rebound in Deliveroo’s share price quickly dissipated today as the delivery firm dipped even further. It was a disastrous first day of trading for Deliveroo which plunged as much as 30 per cent, wiping £2bn off its valuation. The delivery platform’s shares closed out their first day down 26 per cent [...]
Wall Street hits record high after FTSE 100 ends first quarter in the red March 31, 2021 Wall Street has posted its fourth consecutive quarter of gains after tech stocks pushed the S&P 500 to a record high today. The S&P 500 closed up 0.57 per cent, just shy of hitting 4,000 points for the first time as hopes of economic recovery offset a spike in US Treasury yields and the collapse [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]
