FTSE 100 live: London index joins European markets to close in the red as jitters over Credit Suisse contagion continue March 17, 2023 A dramatic week for European markets has ended on a low, with a number of interventions from global banks failing to calm the nerves of jittery investors. London’s FTSE 100 closed firmly in the red despite seeing gains in early trading on Friday. It followed a group of US banking giants injecting 30 billion US [...]
Recession off the cards, getting over 50s ‘back to work’, strikes and banks take stock – the five best read stories on Morning Wire this week March 17, 2023 It was the week UK Chancellor Jeremy Hunt laid out his first Spring Budget, but as pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of banks Silicon Valley Bank, Credit Suisse and on-going strikes raged on; here are the stories readers were flocking to on Morning Wire [...]
Gold price rallies as safe haven asset is boosted by contagion from US banking fallout March 17, 2023 Gold prices continue to rise as investors look for safe haven assets amid fears of further market volatility in the US banking sector.
Oil prices show signs of recovery after banking crisis subsides and commodity investors reassured March 17, 2023 Oil prices suffered their biggest weekly falls since December as a banking crisis rocked financial markets and spooked investors.
FTSE 100 live: Oil rises to the top of London’s blue chip index as week’s trading draws to a close March 17, 2023 A rise in oil prices bolstered a FTSE 100 which had been battered by knocks in confidence over the banking sector most of the week. The FTSE 100 was last up 80.62 points at 7,490.65, a rise of 1.09 per cent, while the FTSE 250 – which includes more UK-centric listed companies was trading at [...]
First Republic: US stocks rally after 11 banks including JP Morgan, Citi and Goldman stump up $30bn in rescue effort March 17, 2023 US stocks rallied on Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8 per cent for its best day in nearly two months after 11 of the biggest banks said they would [...]
FTSE 100 close: Credit Suisse share price shoots up 30 per cent as HSBC and Lloyds climb in London March 16, 2023 London’s FTSE 100 today partly clawed back yesterday’s losses that saw it clock its worst day in over a year as the index was ensnared by global markets sweating over the health of the European banking system. The capital’s premier index jumped 0.89 per cent to 7,410.04 points, while the domestically-focused mid-cap FTSE 250 index, [...]
Oil markets stabilise after Credit Suisse crisis sank prices to a15-month low March 16, 2023 Oil markets have calmed after sliding to 15-month lows yesterday, with tensions easing after Credit Suisse was given a £45bn emergency loan.
FTSE 100 close: Global banking rout weighs on index as budget does little to lift sentiment March 15, 2023 London’s FTSE 100 slumped this afternoon as the banking sector faced a major sell-off following concerns over the future of Credit Suisse. The capital’s premier index closed 3.83 per cent lower at 7,344.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.63 per [...]
Succession: London Stock Exchange calls on Logan Roy to rally the markets March 14, 2023 London Stock Exchange officials are pinning their hopes on a new figure to whip London’s embattled capital markets into shape this month: Succession star Brian Cox..