At the close: FTSE 100 trembling ahead of US election week November 4, 2016 By this time next week Donald Trump could be President of the U.S.A. And the uncertainty has seen the FTSE 100 feel the impact. It fell by over 1.4 per cent by the close as the election jitters take hold of traders. Healthcare stocks, which are particularly sensitive to developments in the presidential race, were hit. Hikma Parmaceuticals [...]
Sterling’s hit a one month high against the dollar November 4, 2016 Sterling hit a one-month high against the dollar, today propelled by yesterday's ruling that only Parliament could start the process of leaving the EU. It was up as much as 1.6 per cent against the dollar at $1.2492 in afternoon trading in London, and up two per cent to €1.1263 against the euro. Mark Carney also helped [...]
Gold prices could rise as high as $1,850 because Donald Trump November 4, 2016 There are four days remaining until the US presidential election, and Democratic candidate Hillary Clinton's lead over Republican Donald Trump has narrowed to just three points in national polling averages. With the economic future of the US uncertain, gold prices have continued their upward crawl – with one expert suggesting prices could leap if Trump [...]
S&P 500 has its longest losing streak since financial crisis as Trump nerves worsen November 4, 2016 The US S&P 500 has recorded its longest stretch of declines since the financial crisis in 2008. That marks its eight day on the trot of drops – falling 0.4 per cent thanks to a drop in Facebook shares and ongoing uncertainty over the upcoming US presidential election, causing investors to dial back the risk. [...]
Dollar to suffer third day of losses over US election turmoil November 3, 2016 The US dollar is set to bear its third day of losses – a losing streak that the currency hasn't suffered for a month and a half. At time of writing, the US dollar was down 0.02 per cent against the euro, as the uncertainty over the outcome of the US presidential election continued to [...]
Recipe box startup Gousto gobbles up millions more in funding November 3, 2016 Food delivery startup Gousto is hungry for growth, landing millions more cash from investors. Unilever and Barclays are among the corporate investors ploughing a further £10m into the company which delivers fresh ingredients and recipes via subscription direct to people's doors. Read more: Antony Jenkins' fintech startup has revealed its first banking client LoveFilm entrepreneur Simon Calver's BGF Ventures, [...]
Oil prices sink on massive increase in US crude oil stockpiles November 2, 2016 Oil prices have slipped today after US crude stockpiles registered their largest ever weekly increase. The rise blew expectations out of the water, with the US Energy Information Administration (IEA) saying crude-oil stockpiles rose by 14.4m barrels in the week to 28 October. Analysts had pencilled in a build of 1m barrels. Oil prices moved sharply lower, falling [...]
Gold rises above $1,300 per ounce as US election polls and the coming Fed rate decision spooks investors November 2, 2016 Gold prices have hit a one month-high today. Prices topped $1,300 per ounce on the growing uncertainty surrounding the US presidential election and a last-minute rush to safe havens ahead of Fed chair Janet Yellen's interest rate announcement at 6pm London time today. With less than one week to go before the US election and polls tightening, analysts [...]
Sterling hits two-week high against the dollar as fears over Trump presidency take their toll November 2, 2016 Sterling rose to a two-week high against the dollar this morning pushed by uncertainty surrounding the US elections. The pound, which has fallen by around 20 per cent since the UK voted to leave the EU, has taken a slight boost today. It has risen around one per cent this week, also pushed up by the news [...]
Asian stocks hit seven-week lows because Donald Trump November 2, 2016 Asian stocks fell overnight, with one Chinese index hitting a seven-week low, after a poll suggested Donald Trump has edged ahead of Hillary Clinton in the race for the White House. The ABC News/Washington Post tracking poll – which was dismissed as "bad polling" – suggested Trump had a 46 per cent lead over Clinton, [...]