FTSE 100 and Wall Street drop as coronavirus fears return September 24, 2020 The FTSE 100 fell today after two consecutive days of climbs as investors’ nerves over the impact of coronavirus on the economy returned. London’s blue-chip stock index fell 1.1 per cent to 5,835 points by the mid-afternoon, while the mid cap FTSE 250 index fell by the same margin. Meanwhile, after a sharp sell-off on [...]
2020: The year to start trading volatility September 24, 2020 | City Talk Newton’s third law dictates that for every action there is an equal and opposite reaction. It is a law whose logic can be seen in movements of the market. Political shocks and scandals, natural disasters and pandemics, and now even incendiary tweets, can set off jitters and tremors across all markets. Before this summer, the [...]
Premier Oil seeks to lower price of BP purchases for a second time September 23, 2020 Premier Oil has begun talks with BP over lowering the price of a $210m deal to buy its stakes in two North Sea oilfields for a second time, it was reported today. Back in June, the struggling oil explorer managed to renegotiate the price down from an initial sum of $625m as it was hit [...]
FTSE 100 surges after restrictions ‘not as tough’ as feared but US stocks mixed September 23, 2020 The FTSE 100 jumped as it continued to recover from Monday’s rout, while US stocks were mixed as investors weighed up the chances of fresh stimulus. London’s blue-chip index was up 1.7 per cent at 5,926 points, edging it closer to the 6,000 threshold. The FTSE 250 was up 1.05 per cent. Read more: Coronavirus: [...]
FTSE 100 climbs despite new coronavirus rules but US stocks mixed September 22, 2020 After plunging yesterday, the FTSE 100 rose despite the UK government imposing new coronavirus restrictions, while US stocks were mixed. The UK blue-chip index was up 0.9 per cent to 5,858 points in afternoon trading. That was down significantly from its opening figure of above 6,000 yesterday, however. The FTSE 250 had risen 0.2 per [...]
FTSE 100 and US stocks plunge amid coronavirus lockdown fears September 21, 2020 A horrible start to the week saw the FTSE 100 suffer its worst day since June as worries over rising coronavirus cases combined with a financial scandal to cause chaos in the City. London’s blue-chip index plunged 3.5 per cent to 5,800 points just before the close, having started the day above 6,000. The FTSE [...]
Rio Tinto could destroy another 124 Aboriginal sites September 21, 2020 Mining giant Rio Tinto is expected to destroy another 124 Aboriginal heritage sites in Australia, an inquiry into the destruction of the 46,000-year-old Jukkan Gorge sites has been told. Speaking to a parliamentary panel about the incident, archaeologist Anna Fagan said that the Western Ranges iron ore development project would do much more damage to [...]
HSBC shares hit lowest level since 1990s amid FinCEN scandal September 21, 2020 HSBC’s rotten run has continued, with its UK share price falling to its lowest level since the 1990s amid allegations of money laundering. Banks have already been squeezed hard by the pandemic: interest rates have been slashed and business loans look shaky. HSBC has also been embroiled in a geopolitical dispute between the US and [...]
Big Tech’s market might in five charts September 21, 2020 | City Talk The largest US technology stocks – Apple, Microsoft, Amazon, Facebook and Google (Alphabet) – known as the “FAMAGs”, tumbled sharply at the beginning of this month, after supercharging the US stock market from the depths of the Covid-pandemic in March. These “superstar” firms have largely benefitted from the economic fallout of the crisis, as more people [...]
Global stocks slip as coronavirus cases rise September 19, 2020 Stock markets around the world continued to stutter this week as an increase in Covid-19 cases in across Europe weighed on market sentiment. Wall Street saw early gains on Friday reverse and the S&P 500 and Nasdaq ended the session posting a third straight week of declines, led by this week’s Federal Reserve meeting and [...]
