Daily Market News: Markets shudder as Fed chairman and Treasury secretary at odds on US economic recovery LeapRate

May 20, 2020 BY Valentina Kirilova

Daily Market News: Markets shudder as Fed chairman and Treasury secretary at odds on US economic recovery

What to watch Lowes: Following rival Home Depot’s earnings report yesterday, Lowes reports its own quarterly earnings today. Home Depot said that sales had risen sharply, but costs related to the coronavirus pandemic weighed the firm down. Analysts will be watching Lowes for how the balance of potential additional sales versus additional costs has panned…

May 19, 2020 BY Valentina Kirilova

Daily Market News: Global stocks soar on vaccine hopes, oil price rebounds

What to watch Walmart: Grocery giant Walmart’s 90% plus share price gain between the beginning of 2016 and end of 2019 was in part driven by the firm’s successful transition to an online world. The company reports its Q1 2020 earnings today, having outperformed the broader market by a significant margin in 2020. Year-to-date,…

May 18, 2020 BY Valentina Kirilova

Daily Market News: Powell gives depression era unemployment rate warning

UK stocks sink on GDP figures, US headlines Despite a Friday rally, London-listed stocks sank last week. In addition to the headlines and economic data out of the US, investors also got a view into the impact of the pandemic-induced lockdown on UK GDP, alongside March industrial and manufacturing production numbers. The UK economy shrank…

May 15, 2020 BY Valentina Kirilova

Daily Market News: Gold gaining momentum as US jobless claims top 36 million

FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…

May 15, 2020 BY Valentina Kirilova

Daily market commentary: European markets show volatility

EUROPEAN SHARES European markets showed volatility as they edged higher on Friday as traders weighed up the mixed data from China overnight. Investors were pleased to see the Chinese Industrial Production topping estimates for April but were disappointed by the drop in Retail Sales which highlighted the weakness of demand in almost every sector, and…

May 14, 2020 BY Valentina Kirilova

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

What to watch Brookfield Asset Management: Alternative investments giant Brookfield reports its Q1 2020 earnings today, investors will be looking for insight into how the firm is deploying assets to make opportunistic acquisitions during this volatile period. This week, the firm announced that it is setting up a $5bn fund to take stakes in struggling…

May 13, 2020 BY Valentina Kirilova

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

FTSE 100 gains as furlough scheme extended Large cap London-listed stocks enjoyed a positive day yesterday, with the UK market closing before the US sell-off began. Helping sentiment was the news that the Treasury’s furlough scheme, which is currently funding millions of workers to stay at home, is being extended to October. The Bank of…

May 12, 2020 BY Valentina Kirilova

Daily Market News: New Wuhan cases prompt fears of second wave

UK stocks flat after lockdown guideline confusion Both large cap and mid cap London-listed stocks posted a near flat day on Monday, after a confusing day in which the Prime Minister was forced to put out a substantial clarification about the advice he provided on the lifting of lockdown measures over the weekend. His statement…

May 11, 2020 BY Valentina Kirilova

Daily Market News: Markets point higher as lockdown rules are tweaked in UK

FTSE climbs despite Bank of England warning UK markets were closed on Friday for a public holiday, but the FTSE 100 gained more than 3% between Monday and Thursday, while the FTSE 250 had a positive but more pedestrian week. The shortened week ended on a high, with the FTSE 100 gaining 1.4% on Thursday…

May 07, 2020 BY Valentina Kirilova

Daily Market News: China data surprises to preserve stocks rally

Education publisher Pearson was the biggest loser in the FTSE 100 for the day, closing 8.2% down. Again, insurers featured heavily among the biggest winners in the FTSE 250 on Wednesday, with Hiscox jumping 9.6%, and Direct Line 4.5%. FTSE 100: +0.1% Wednesday, -22.4% YTD FTSE 250: +0.7% Wednesday, -27% YTD What to watch Bristol-Myers…

Category: Adam Vettese

Daily Market News: Markets shudder as Fed chairman and Treasury secretary at odds on US economic recovery

Daily Market News: Global stocks soar on vaccine hopes, oil price rebounds

Daily Market News: Powell gives depression era unemployment rate warning

Daily Market News: Gold gaining momentum as US jobless claims top 36 million

Daily market commentary: European markets show volatility

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

Daily Market News: New Wuhan cases prompt fears of second wave

Daily Market News: Markets point higher as lockdown rules are tweaked in UK

Daily Market News: China data surprises to preserve stocks rally

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