FTSE 100 has biggest one-day rise in four years August 25, 2015 The FTSE 100 closed three per cent higher today at 6,081, as China's decision to cut a key interest rate restored confidence in UK investors. Read more: FTSE 100, Dax and Cac rise as hangover sets in after China stock market crash The People's Bank Of China announced this morning that it was going [...]
Saudi Arabia begins quest for austerity as its economy sinks in plunging oil prices August 25, 2015 There's no escaping the market meltdown – even Saudi Arabia, which for years has revelled in its oil-rich economy, is having to consider austerity measures. Read more: Saudi Arabia's Tadawul stock exchange opens to foreign investors: Here are six companies you should watch According to anonymous sources who spoke to Bloomberg, the kingdom is [...]
Tech stocks rebound on Nasdaq – Netflix, Facebook, Amazon and Apple share prices are on the up after Black Monday August 25, 2015 Tech stocks have rebounded after a dismal Black Monday. Netflix has had one of the biggest rallies in early morning trading, up around seven per cent, while Apple was up around 4.5 per cent. The tech-heavy Nasdaq, on which Apple is the heaviest weighted stock, was up more than three per cent after global markets [...]
China crash: This is China’s Lehman Brothers moment and global liquidity is to blame August 25, 2015 August is the cruellest investment month, once more, and disappearing money flows are again the culprit behind crashing stock markets. The gyrations in global liquidity explain market movements around six-12 months ahead and predict economies over the following year. The problem right now is that despite the well-flagged easing by the ECB and Bank of [...]
Black Monday 2015: China’s central bank cuts benchmark interest rates, European markets rally August 25, 2015 China's central bank has cut one of its key interest rates following a tumultuous day for global markets. The People's Bank of China (PBoC) has cut the one-year benchmark lending rate by 25 basis points to 4.6 per cent – the fifth cut to interest rates in less than 12 months – as the country [...]
US markets S&P 500 and Dow Jones rebound after China crash August 25, 2015 US traders seemed to regain their optimism during the first few minutes of today's session, following a day during which markets across the pond yo-yoed wildly. The S&P 500, which ended yesterday more than three per cent down, rose more than two per cent to 1,931 .5 points in the first minutes of trading, while [...]
Chinese crash: Volatility “fear” indices Vix and VStoxx are peaking well above historical averages August 25, 2015 European markets may be more buoyant today, but if the fear indices are anything to go by, there is still plenty of unrest among investors. The US' Vix index – which measures the market's expectation of 30-day volatility on the S&P 500, as implied by the prices of near-term options – has leaped on [...]
London property prices: The Shard skyscraper smashes record for office rents as Leonteq Securities takes entire 26th floor August 25, 2015 A letting at The Shard skyscraper in London Bridge has smashed price records for the South Bank and the City, as the hunt for office space in the capital heats up. German-listed IT company Leonteq Securities is understood to have struck a deal to take the entire 26th floor of the tower for over £90 [...]
BHP Billiton share price up six per cent despite pre-tax profits falling 61.7 per cent year-on-year August 25, 2015 BHP Billiton's share price was trading up to six per cent up in morning trading, leading the FTSE 100, despite reporting a significant fall in pre-tax profits for the year to the end of June, missing analysts' expectations, amid falling commodity prices. The figures BHP Biliton reported pre-tax profits of $8.67bn (£5.50bn), 61.7 per cent lower. The [...]
FTSE 100, Dax and Cac rise as hangover sets in after China stock market crash August 25, 2015 After making its worst losses since 2003 yesterday, the FTSE rose almost three per cent per cent in mid-morning trading, nudging back above 6,000. Meanwhile, the Dax rose 3.2 per cent and the Cac rose 3.1 per cent, suggesting that while European markets were nursing a hangover, the worst may be over. The rebound followed [...]