Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign LeapRate

August 28, 2020 BY Valentina Kirilova

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

WPP jumps after reinstating dividend The FTSE 100 fell 0.8% on Thursday, with gains from companies including advertising firm WPP and British Airways parent IAG failing to outweigh losses from firms such as housebuilder Persimmon, chemicals firm Johnson Matthey and miner Anglo American. WPP stock jumped 6.6% as despite delivering a multi-billion pound loss, the…

August 27, 2020 BY Valentina Kirilova

Daily Market News: Global equities hit record high, all eyes now on Fed

Doorstep lender Provident surges on hopes for unemployment business boost The FTSE 100 was flat on Wednesday, while the FTSE 250 gained 2%. Provident Financial was by and away the biggest winner in the FTSE 250, adding almost 20%, as the firm hopes to capitalise on surging unemployment to generate new business, per The Telegraph.…

August 26, 2020 BY Valentina Kirilova

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

UK tech firm Aveva makes $5bn play for US rival The FTSE 100 fell by 1.1% on Tuesday, although no stock fell by more than 3.4%. Housebuilders, miners and oil giants were all in the red, with Anglo American down 3.3%, Taylor Wimpey down 3.1% and Royal Dutch Shell down 3%. At the top of…

August 21, 2020 BY Valentina Kirilova

Daily Market News: Tech stocks push US higher as Uber and Lyft receive stay of execution

House of Fraser sets landlord ultimatum Thursday was a gloomy day for UK stocks, with the FTSE 100 sinking by 1.6% and the FTSE 250 off 0.5%. Asset managers were some of the names dragging the FTSE 100 lower, with Standard Life Aberdeen and M&G both sinking by more than 6%. Miners were down across…

August 20, 2020 BY Valentina Kirilova

Daily Market News: Apple becomes first ever $2trn company but markets wobble on Fed uncertainty

British Airways parent leads FTSE 100 higher as travel stocks rebound slightly The FTSE 100 added 0.6% on Wednesday, with International Consolidated Airlines Group leading the way with a 7.6% gain, following a rough few days for UK travel names. The British Airways operator was flagged as a “compelling investment into the next cycle” by…

August 19, 2020 BY Valentina Kirilova

Daily Market News: S&P 500 closes at new all-time high

FTSE 100 and FTSE 250 back in lock-step The FTSE 100 and FTSE 250 each fell by 0.8% on Tuesday, with the two indices now at an almost identical year-to-date loss. Both indices have essentially been travelling horizontally, since the beginning of June, failing to build the recovery momentum that American stocks have generated. Between…

August 18, 2020 BY Valentina Kirilova

Daily Market News: Gold pops on soft USD, Tesla hits new record

Nasdaq Composite continues to add gains Of the three major US stock indices, the Nasdaq Composite was the winner on Monday, adding 1% to take its year-to-date gain to 24%. The S&P 500 was also in the green, but the Dow Jones Industrial Average fell 0.3%, dragged lower by 2% plus losses from names, including…

August 17, 2020 BY Valentina Kirilova

Daily Market News: World Bank warns recovery will take longer than 2008

UK indices lower as markets baulk at new travel restrictions The FTSE 100 and 250 indices were led lower on Friday by travel stocks which sold off thanks to fresh quarantine impositions on six countries, including the UK’s number two destination, France. Fresh quarantine rules means travellers returning from France will have to quarantine at…

August 13, 2020 BY Valentina Kirilova

Daily Market News: Markets pause following relief rally on back of Biden-Harris ticket announcement

Utility names lead FTSE 100 higher Despite the official news that the UK entered the worst recession on record in Q2, London-listed stocks soared yesterday, with the FTSE 100 adding 2%. That gain took the index to a three week high. Utilities stocks were among the biggest winners of the day, with Severn Trent, Pennon…

August 12, 2020 BY Valentina Kirilova

Daily Market News: UK falls into recession for the first time since 2009

Vaccine hopes hit big tech stocks that have benefited from lockdown economy All three major US stock indices fell on yesterday in a rocky trading session that saw stocks sold off sharply in the final few hours before the close. One factor that may have driven the sell-off is positive news on a Covid-19 vaccine,…

Category: Adam Vettese

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

Daily Market News: Global equities hit record high, all eyes now on Fed

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

Daily Market News: Tech stocks push US higher as Uber and Lyft receive stay of execution

Daily Market News: Apple becomes first ever $2trn company but markets wobble on Fed uncertainty

Daily Market News: S&P 500 closes at new all-time high

Daily Market News: Gold pops on soft USD, Tesla hits new record

Daily Market News: World Bank warns recovery will take longer than 2008

Daily Market News: Markets pause following relief rally on back of Biden-Harris ticket announcement

Daily Market News: UK falls into recession for the first time since 2009

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