Nasdaq hits record high as Apple and Facebook enjoy bounce December 7, 2020 The tech-heavy Nasdaq has hit a record high today rising 0.4 per cent, as several of its largest constituents rose in value. Apple stock jumped 1.56 per cent and Facebook rose 2.05 per cent, but a decline in names such as Alphabet and Microsoft kept major averages in check. Large cap growth stocks, which had [...]
World Economic Forum to be held in Singapore in May December 7, 2020 From Davos ski fields to Singapore: World Economic Forum now heads to Southeast Asian city-state
FTSE 100 outperforms Europe as Brexit hits sterling December 7, 2020 Brexit uncertainty paradoxically helped the FTSE 100 outperform European markets, as a tumbling pound boosted the index. The FTSE was 0.4 per cent higher shortly after midday, trading at around 6,577 points. Sterling was down 1.2 per cent to $1.328, having touched a two-year high on Friday, as investors worried about the lack of progress [...]
Pound slides as investors fret over Brexit talks December 7, 2020 The pound fell sharply as investors began to question whether a Brexit deal would be reached, with traders unwinding bets made last week amid fresh uncertainty over negotiations. Sterling tumbled 1.3 per cent against the dollar to $1.326, having hit a two year high of $1.354 on Friday. The pound also slid against the euro, [...]
The solution to the Covid economic crisis is more markets, not more government December 7, 2020 The Covid-19 crisis has caused an unprecedented contraction of the global economy. While it is remarkable how quickly and decisively governments and central banks reacted to the pandemic to bolster their economies, prevent the collapse of financial markets and seek to preserve jobs, our attention must now turn to how to deliver a sustainable economic [...]
Eurozone investor sentiment soars amid vaccine optimism December 7, 2020 Positive vaccine news has made Eurozone investors vastly more cheery, with a closely watched sentiment index hitting its highest level since February. The Sentix Eurozone investor sentiment index jumped to minus 2.7 in December from minus 10 in November, the data company said today. Driving the surge was a sharp recovery in investors’ views of [...]
UK house prices grow at strongest pace in four years December 7, 2020 UK house prices soared by 7.6 per cent in the year to November, according to the latest figures from Halifax, as buyers sought more space and tried to beat the end of the stamp duty holiday. House prices rose 1.2 per cent month on month and 7.6 per cent year on year to hit an [...]
FTSE Russell drops eight Chinese companies after Trump order December 5, 2020 Index provider FTSE Russell has said it will remove eight Chinese companies from some of its indices after President Trump banned US investors from holding stakes in the businesses. FTSE Russell said the companies, which include China Railway Construction and video security firm Hikvision, would be removed from its FTSE global equity indices and the [...]
FTSE 100 opens higher despite deadlock in Brexit talks December 4, 2020 The FTSE 100 opened higher this morning outperforming its European peers as Brexit remains in focus. London’s blue chip index climbed 0.7 per cent on the open to 6,535 poins, while the FTSE 250 of midcap companies rose 0.17 per cent. Brexit talks have stalled somewhat despite promising signs at the start of the week. [...]
Biden names top economic advisers as Arizona, Wisconsin certify vote results December 3, 2020 Biden officially names Janet Yellen as Treasury secretary, setting stage for a more diverse White House