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 domestically focused FTSE 250 were both reported 2.3% up on the daily chart at the end of Friday. On the weekly chart, both indices recorded their best perfor...

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 and closed at 6,171.54 after briefly touching an intraday high of 6,177.22 in the morning session. Associated British Foods jumps 8% on Monday Assoc...

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 to the background. The U.K.’s blue-chip FTSE 100 index posted a 2.3% decline on Friday with the travel index (.FTNMX5750) sliding the most. On the wee...

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 of celebration in travel stocks. The blue-chip index opened at 5993.28 on Tuesday and closed the regular session on 6,069.66 after hitting 6...

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 Hunt: “Investors may have been more focused on the continued unhelpful dialogue between the U.S. and China, hence they chose to trim some risk exposure.”...

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 session on Friday around 2% down on the weekly chart. Monday marked a significant increase in oil demand that saw its price recordi...

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, saw the benchmark indices closing lower on a weekly basis. According to TS Lombard’s head of strategy, Andrea Cicione: “We just can’t afford th...

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 especially during these uncertain times when many businesses continue to register low returns. Teiki Benveniste,...

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 FTSE 100 index posted a just over 1% increase on Tuesday. The index opened at 5,939.73 and concluded the d...

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 major stock indices in the U.S pushed higher on Friday and were reported on track to record significant weekly gains. In the benchmark S&P 500 index, 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 tariffs on Chinese goods. The UK’s blue-chip index, FTSE 100, was reported 0.7% down in the early session on Monday that further ex...

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 that the group of investors filed 11 lawsuits in the US District Court in Manhattan on Friday, April 3. Per the report, the lawsuits also named the execut...

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, as well as their founders and other officials. The law firm is targeting the industry’s largest participants The targeted businesses oper...

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 exchanges. Changelly is a non-custodial instant cryptocurrency exchange which offers access to 150+ cryptocurrencies. “We’ve been...

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...

The Canadian tax authority, the CRA (Canada Revenue Agency) recently filed a court document with the Ontario Superior Court of Justice. The document details a demand that one local crypto exchange surrenders its user information. The number of affected users is roughly 115,000 customers, and the exchange in question is QuadrigaCX. QuadrigaCX trustee has agreed to provide the data QuadrigaCX has had a very tough period last year. First, its founde...

The United States Senate voted in favor of an unprecedented £1.69 trillion rescue package on Wednesday. The aid is expected to offer support to the massively hit industries amidst the Coronavirus pandemic and help families and unemployed workers to thrive through the challenging times. As per the bill, the U.S will also invest billions of dollars into purchasing medical equipment and meet the demand for effective response against the flu-li...

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...

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 estimat...

Wall Street contracted again on early Thursday morning with the major U.S stock indices losing traction as Coronavirus continues to wreak havoc on the global economy. Dow Jones Industrial Average futures were seen 352 points down on Thursday morning and hinted that the index is likely to open around 250 points down and signaled another day in the red territory. Thursday morning data from the S&P 500 and Nasdaq futures also remained under pres...

The U.S Federal Reserve took the drastic step of cutting rates for the second time in March in an emergency meeting on Sunday to 0.25% in an attempt to tackle the economic impact of Coronavirus. As the strategy failed to calm the financial markets, UK’s benchmark FTSE 100 index dropped below 5,000 points on Monday morning for the 1st time in almost a decade. Losing 367.51 points on Monday, FTSE 100 index traded at 4,998.60 in the morning se...

The White House announced a dramatic measure to contain the spread of Coronavirus in the United States putting a travel restriction on Europe. From Friday, the U.S will be canceling all flights from Europe that further threatens significant disruptions to the global business and economy at large. The benchmark S&P 500 index extended its downward rally further on Thursday posting a 4.9% decline. A similar drop was also noted on Wednesday. Trad...

Hacking attacks against crypto exchanges have become fairly common, and not a lot of people are surprised when they hear about them at this point. With that said, attacks on major exchanges are still very important events, and the two exchanges attacked in the last 24 hours are both quite well-known.According to recent reports, Malta-based OKEx was attacked twice, with the first attack taking place yesterday, and the second one targeting exchange...

The entire crypto community around the world is holding breath as it waits for Bitcoin to make a move. For now, the largest cryptocurrency is successfully holding on to gains. However, many expect a large correction to arrive in the near future.As for the long-term outlook, it still looks extremely bullish, and some executives in the crypto industry are extremely optimistic about the future of the BTC price. Dan Held, Business Development Directo...