FTSE 100 finishes the week lower as the pound slides below $1.26 November 11, 2016 Having jumped above $1.26 this morning for the first time since the so-called flash crash back in October, the pound slid back in afternoon trading. Sterling was just 0.2 per cent up against the dollar at $1.2577 by late afternoon trading in London. It was doing rather better against the euro, rising 0.7 per cent to [...]
Mexican peso drops to new record low November 11, 2016 The Mexican peso has dropped to a new record low, as the currency continues to experience volatility in the wake of Donald Trump's shock win in the US Presidential election on Wednesday. Mexico's currency dove to an all-time low when the result was announced on Wednesday morning. The peso has been seen as a bellwether [...]
Trump card: The Dow Jones has hit an all time high after Donald Trump’s win November 10, 2016 If there's one thing markets like, it's certainty. It may have been suggested a Donald Trump victory could lead to recession, then eventual doom for all of humanity – but now the markets have an idea of what they're in for, they're actually pretty cheerful. In fact, the Dow Jones hit an all-time high after [...]
Peso plunges back to near-record low level against the dollar November 10, 2016 The Mexican peso has plummeted again today, after a volatile 24 hours of trading in the wake of yesterday's US election shock. The peso dove to a record low against the dollar yesterday after Donald Trump emerged victorious from one of the most hotly contested US Presidential elections in history. The Mexican currency dropped 11 [...]
Bank shares tanked on Donald Trump’s triumph November 9, 2016 Banks' shareholders were clearly less than thrilled about who won the race to the White House this morning, but are learning to live with it this afternoon. After dipping initially this morning, shares for the big banks listed in London have now recovered. Shares in HSBC are currently up 0.1 per cent at 620.6p, Lloyds Banking Group [...]
Hired raises another $30m to recruit tech talent for Facebook, Uber and top tech companies November 9, 2016 Recruitment startup Hired has landed a new round of funding just months after it last raised cash, Morning Wire can exclusively reveal. The Ontario Pension Board and wealth advisory firm Glenmede Trust, both of which already have a stake in the firm via venture capital (VC) investments, are among new investors to put $30m (£24.2m) into the startup, [...]
Precious metal firms rise to the top of the FTSE 100 following Donald Trump win November 9, 2016 Precious metal producer Fresnillo has ploughed to the top of the FTSE 100 this morning after Donald Trump won the 2016 US Presidential election. Metals stock is gaining traction as investors move away from equities towards safe haven investments such as gold. Shares in Mexico-based precious metals group Fresnillo were up 9.69 per cent shortly after markets opened, [...]
Dollar still down but reverses some earlier losses against major currencies as Hillary Clinton concedes defeat to Donald Trump November 9, 2016 The dollar began to creep back against the pound, euro and the yen following Donald Trump's conciliatory first speech after being elected the 45th President of the US. The greenback has made a comeback from earlier losses (albeit slight), trading down 0.31 per cent against sterling at mid-morning at £0.8052. Shortly after 5.30am, it was 1.1 per cent [...]
Expecting the pound to soar on a Trump victory? Here’s why it’s looking flatter than you might have thought November 9, 2016 When Florida looked to leaning towards a Trump victory at around 2:30am last night the pound began to climb. The dollar – at the other end of the equation – started to slide. The dollar's slide seems to have halted for now though the pound's rise has also gone into reverse. The pound at one [...]
US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]