Clean technologies and climate policy: the global financial crisis and Covid-19 June 3, 2020 | City Talk A lot has changed for clean technologies since the global crisis in 2008. As investors in climate change, this is hugely encouraging. It is striking just how much has changed for clean technologies and climate policy between the financial crisis in 2008 and the one we face today. As climate change investors, this gives us [...]
Oil prices top $40 for first time in three months ahead of Opec meeting June 3, 2020 Global oil prices touched $40 per barrel for the first time since March today amid hopes that producer cartel Opec would extend its record production cuts. Having reached the $40 mark earlier this morning, global standard Brent crude slipped back to $39.27 as midday approached. US benchmark West Texas Intermediate also gained to $36.83, approaching [...]
Covid-19: The golden age of investing comes with a silver lining June 3, 2020 | Sponsored In financial markets, there are no crystal balls, only things we know and things we do not – known knowns, and known unknowns. Both can help us to guide our decisions as investors. When faced with uncertainties or black swan events, investors have typically responded with a rush to precious metals. Gold has historically maintained [...]
FTSE 100: Travel stocks surge as Europe reopens borders June 3, 2020 The FTSE 100 jumped in morning trading with airlines surging as Europe reopened some of its borders after coronavirus lockdowns. London’s index of the 100 biggest UK companies rose 1.5 per cent to 6,310 points, putting it close to a three-month high. The rise was powered by countries across Europe reopening or planning to reopen [...]
Asian stocks hit three-month high as China’s services sector grows June 3, 2020 Asian stock markets rose for the third straight session as investors cheered countries’ moves to reopen their economies and China’s services sector returned to growth. Japan’s Nikkei 225 climbed 1.2 per cent while Hong Kong’s Hang Seng moved 1.2 per cent higher. China’s CSI 300 index rose 0.5 per cent as Asian stock markets approached [...]
Easyjet and Carnival poised to drop out of FTSE 100 June 2, 2020 Easyjet and cruise operator Carnival are set to lose their positions in the FTSE 100 after the coronavirus crisis sent the value of their shares crashing. The travel restrictions have hit the budget airline hard as it lost as much of two thirds of its market value during the peak of the crisis. There will [...]
Oil prices at three-month highs ahead of Opec meeting June 2, 2020 Oil prices closed in on three-month highs this afternoon amid expectations that major producers would agree to extend record production cuts at this week’s Opec meeting. The oil producer cartel and allies including Russia are now set to meet on 4 June to discuss maintaining the curbs, which amount to 9.7m barrels per day. As [...]
FTSE 100 rises as countries emerge from coronavirus lockdowns June 2, 2020 The FTSE 100 and global stocks have risen for the second day this week as investors cheer the reopening of economies around the world. London’s blue-chip index was up 0.9 per cent in early-afternoon trading at 6,220. It rose 1.4 per cent yesterday after US President Donald Trump stopped short of reigniting his trade war [...]
Ofgem unveils £350m scheme to support struggling energy suppliers June 2, 2020 Ofgem has today unveiled a £350m scheme to support struggling energy suppliers which do not possess an investment grade credit rating. As a result of the coronavirus crisis, many households have defaulted on the payment of energy bills, which has heaped pressure of electricity and gas suppliers. In an open letter, Ofgem chief executive Jonathan [...]
Oil prices rise ahead of OPEC meeting on further production cuts June 2, 2020 Oil prices rose today ahead of a meeting of major oil producers that could lead to further output cuts to shore up prices. Brent crude LCOc1 futures rose 0.94 per cent, or 36 cents, to $38.68 a barrel this morning. West Texas Intermediate (WTI) crude CLc1 futures rose 0.73 per cent, or 26 cents, to [...]
