Oil prices slip after week of gains as vaccine rally cools November 13, 2020 Global oil prices today pared some of their gains for the week as a vaccine-inspired rally ran out of steam. Prices shot up at the beginning of the week on the news that Pfizer’s coronavirus vaccine was 90 per cent effective, but began to slip back yesterday. Today global standard Brent crude fell a further [...]
Wall Street opens higher but FTSE 100 slips as virus cases continue to rise November 13, 2020 Wall Street opened higher this afternoon as upbeat earnings from major companies helped markets shrug off concerns about rising Covid-19 cases. The S&P 500, Dow Jones and Nasdaq were all trading up roughly 0.8 per cent this afternoon. US stocks had seen their rally halted yesterday as investors weighed the timeline for a mass rollout [...]
What should investors care about most: A vaccine or the US President? November 13, 2020 | City Talk The result of the US election was big news for the world, for the economy and markets. But as an investor I’ve always considered the pandemic of far greater consequence. Vaccine news steals election thunder Joe Biden’s electoral success was duly eclipsed by the news on Monday that an effective Covid-19 vaccine may have been [...]
Japan’s Nikkei index snaps eight-day winning streak as Covid-19 cases surge November 13, 2020 Nikkei snaps eight-day winning streak as COVID-19 cases surge
UK regulators prepared to intervene if Brexit disrupts markets, says FCA November 12, 2020 British regulators are prepared to intervene if the UK’s full departure from the European Union on 31 December risks disrupting financial markets, an executive from the Financial Conduct Authority (FCA) said. While Britain has already left the bloc, post-Brexit transition agreements gives banks and trading platforms full access to EU markets until the end of [...]
FTSE 100 and US stocks tumble as Covid-19 vaccine rally runs out of steam November 12, 2020 Global markets largely slipped lower today as the three-day equity rally sparked by news of a breakthrough in the hunt for a Covid-19 vaccine began to lose momentum, with the FTSE 100 and US stocks both falling. London’s blue-chip index ended an eight-day winning streak, falling 1.19 per cent to 6,305.85 by 2.45pm. The midcap [...]
Premier Oil production to fall as Chrysaor merger nears November 12, 2020 Premier Oil reduced its production guidance this morning as the oil explorer prepares for its merger with fellow North Sea firm Chrysaor. The London-listed firm said output for the full year would now be 61,000 – 64,000 barrels per day for the year, down from previous forecasts of 65,000 – 70,000 barrels. Recent problems at [...]
Embattled Turkish lira rallies after Erdogan pledges stability and lower inflation November 11, 2020 The Turkish lira jumped today after President Tayyip Erdogan promised new economic stabilit, low inflation and a pro-investment environment
Tech rally drives US shares higher as FTSE 100 continues to climb November 11, 2020 US shares opened higher today as signs of a possible vaccine for Covid-19 raised investor hopes of a faster-than-expected recovery from the pandemic-induced economic crisis. Wall Street’s main indices opened higher, with technology stocks recovered from heavy losses earlier in the week. The tech-heavy Nasdaq rose 1.27 per cent shortly after the open, while the [...]
Oil prices continue rally as vaccine hope buoys traders November 11, 2020 Oil prices continued to surge today as the discovery of an effective vaccine for the coronavirus disease buoyed traders. Both Brent crude and West Texas Intermediate rose around 3.5 per cent this morning, continuing a rally which has seen prices rise over 10 per cent since Monday. Global standard Brent crude is now trading around [...]
