London-listed stocks ended lower on Friday as the U.K.’s blue-chip FTSE 100 index erased its weekly gains on a record increase in COVID-19 cases in the United States that left investors questioning if the prospect of a quick economic recovery is still on the table. The commodity-heavy index opened…
The UK blue-chip FTSE 100 index dropped slightly in the morning session as global COVID-19 cases climbed over 10 million. Owing to a weaker sterling and optimism of more stimulus, however, the index closed more than 1% up on Monday. Senior economic adviser, Vicky Redwood, of Capital Economics commented…
The UK blue-chip FTSE 100 index ended on a slightly upbeat note on Friday helped primarily by the consumer stocks. The commodity heavy index opened at 6,147.14 and closed about 0.4% higher on 6,176.22. The FTSE 100 briefly touched an intraday high of 6,258.37 on Friday. The domestically heavy…
London-listed stocks were reported under pressure as the number of new COVID-19 cases climbed globally on Monday. The increased risk of prolonged lockdowns and further damage to the global economy pushed investors to the backfoot. UK shares had ended on a hawkish note last week on the optimism of…
London-listed stocks were upbeat on Friday as the UK’s Office for National Statistics revealed a 12% increase in retail sales last month. The rebound in May supported expectations of a quick recovery after the Coronavirus pandemic that halted economic activity in recent months. Energy stocks were also hawkish as oil…
The UK blue-chip FTSE 100 index remained under pressure on Monday as China reported a significant increase in new COVID-19 cases again. The FTSE 100 opened at 6,105.18 but closed less than 1% down at 6,059.33 after posting a three-week low of 5,957.49 in the morning session. On the…
Austrian Airlines said on Sunday that it expects the company to be about 20% smaller in 2022. The airline is a subsidiary of the German flagship carrier, Lufthansa (ETR: LHA). Austrian currently has a workforce of 7,000 employees but anticipated that it will have to slash roughly 1,100 jobs…
London-listed stocks pulled out of a 4-day losing streak as cyclical stocks recovered on Friday. Overall gains, however, remained slim as the country revealed its economy to have seen an unparalleled contraction in April. Cyclical stocks, including insurers (.FTNMX8570), banks (.FTNMX8350) and oil and gas (.FTNMX0530) contributed the most to…
The UK blue-chip FTSE 100 index remained under pressure on Tuesday as British American Tobacco (LON: BATS) lowered its full-year forecasts for profit and revenue. BAT posted a 3.1% intraday decline as it revealed a significant hit to its sales in recent months due to the Coronavirus…
UK shares concluded the regular session at close to 3-month highs on Friday. The rising optimism of a fast economic recovery in the United Kingdom after COVID-19 marked the 3rd consecutive week of gains as investors continued to return to riskier assets. The blue-chip FTSE 100 index and the…
UK stocks concluded the regular trading session on a hawkish note on Monday as the United Kingdom continues to ease Coronavirus restrictions. Consumer stocks were reported to have performed the best on Monday. The UK’s blue-chip FTSE 100 index climbed about 1.5% on Monday The index opened at 6,076.60…
U.K. shares concluded the regular trading session on Friday on a dovish note as tension flared again between the U.S and China over the latter’s attempt to tighten control over Hong Kong. The earlier optimism of a timely recovery from the Coronavirus driven economic fallout, as a result, was pushed…
The UK’s blue-chip FTSE 100 index posted a 1.2% increase on Tuesday as Prime Minister Boris Johnson announced further easing in Coronavirus restrictions that will allow more retailers to reopen stores. The British government also said that it plans on slowly easing restrictions on tourism that fuelled a wave…
The U.K.’s blue-chip FTSE 100 index remained downbeat on Friday as China proposed new security laws to be imposed on Hong Kong that weighed on Asia-focused banks and added to the already complicating trade tensions between the United States and China. As per research analyst Ian Williams of Peel…
The UK’s blue-chip index, FTSE 100, recorded its best performance on Monday since the last week of March as investors expressed confidence that the global economy will recover from COVID-19 driven recession faster than initially thought. The commodity-heavy index posted a 4.3% gain on Monday after closing the regular…
London stocks were reported higher at the end of the trading session on Friday on an improvement in China’s monthly report on factory output that marked the first in 2020 and stirred optimism for resource companies. The rising Coronavirus uncertainty and the associated blow to the global economy, however,…
Ares Australia Management (“AAM”), a joint venture between Fidante Partners and Ares Management Corporation (NYSE: ARES) has launched its first product in Australia, the Ares Global Credit Income Fund. AAM developed the Fund owing to a growing demand for an investment approach that offers high-income generation while preserving capital…
London’s blue-chip index, FTSE 100, rallied moderately on Tuesday as companies reported upbeat financial results for the recent quarter. The better than expected earnings helped remove the fears of slower recovery in the global economy as countries strategize to resume businesses without risking a potential increase in Coronavirus cases.
The U.S Bureau of Labour Statistics announced the unemployment rate on Friday to have expanded to 14.7% in the United States in April that came in better than the expected 16.0%. The optimism of the report fuelled a roughly 1% increase in Wall Street. S&P 500 index weekly performance All…
The European stocks welcomed May on a dovish note on Monday attributed to the rising complications between the U.S and China. The United States’ accusation of misleading information about the Coronavirus on China weighed heavily on cyclical sectors. In a recent statement, President Trump also threatened to impose new…
A group of investors has filed class-action lawsuits against four crypto exchanges and seven insurers. Per the investors, the accused violated US securities laws by selling billions of dollars’ worth of unregistered tokens among other crimes. A report unveiled this news on April 6, noting…
A US-based law firm called Roche Cyrulnik Freedman and Selendy & Gay PLLC recently filed 11 class action complaints. The firm targeted many members of the crypto sector. The company, which represents crypto investors, targeted 42 defendants in total. These include some of the largest crypto exchanges,…
Freewallet, a free open-source wallet, is launching off-chain exchanges in cooperation with Changelly, to combat the existing crisis, the company said in a blog post. A total of 54 coins and ERC20 tokens, including Bitcoin (BTC), Ethereum (ETH), EOS, and Litecoin (LTC) will be available on the new off-chain…
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…
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…
