FTSE 100 Index ^FTSE

Coronavirus has been the talk of the global financial markets with price actions keeping largely attributed to the pandemic in the past few weeks. Following a significant rebound in the UK shares towards the end of last week, Monday kicked off with another downward rally as investors expressed concerns of a broader economic impact in an event of an extended shutdown due to the ongoing health emergency.   The blue-chip FTSE 100 index posted a...

Infecting around 14,500 people in the UK and causing over 740 death, the Coronavirus shocked the UK’s government on Friday as Prime Minister Boris Johnson tested positive for the flu-like virus. The news stirred further fear in the UK’s benchmark share index that was recorded trading significantly lower later in the day. UK’s blue-chip FTSE 100 index recovered for three days in a row on the optimism of aggressive measures taken by the central ban...

The White House is getting closer to finalizing its stimulus package to support economic growth amidst the Coronavirus pandemic. The optimism of an imminent U.S aid package sent London shares up on Wednesday. The benchmark FTSE 100 index closed 4.5% up on Wednesday following Tuesday’s remarkable gain that was branded its largest in percentage since the financial crisis of 2008. FTSE 100 Climbs 16% From The Last Week’s Low Hitting the 4,993 level,...

Stock markets worldwide are all trading in green this morning after reports emerged that the White House and Senate have finally agreed to a stimulus package worth around $2 trillion. Fundamental analysis: Historic agreement reached in Senate Just before 2AM, Senate Majority Leader Mitch McConnell said that the agreement has been reached. “At last we have a deal,” said McConnell. In a tweet later on, he added that the legislation will be passed o...

Equities are trading higher across the globe after the Federal Reserve said it will purchase unlimited amounts of the government-backed bonds, while Germany announced an increase to its €600 billion stimulus package. Fundamental analysis: Central banks unleashing a new level of stimulus The Federal Reserve announced this morning an unprecedented stimulus package to support the falling economy. The Fed committed to unlimited asset purchase to prov...

Former governor of the Bank of England (BoE), Mervyn King, said on Monday that the UK’s economy is currently facing a much more serious challenge amidst the Coronavirus pandemic than the market crash of 2008. A leading global investment banking firm, Goldman Sachs, predicted a 1% decline in the global gross domestic product (GDP) on Monday ascribed largely to the ongoing health emergency. A range of businesses in the UK have already estimated a s...