Key data this week Bold indicates the most important releases for this symbol. Tuesday 1 September, 13.30 GMT: Canadian Markit manufacturing PMI (August) - consensus 53, previous 52.9 Tuesday 1 September, 13.45 GMT: American Markit manufacturing PMI (final, August) - consensus 53.6, previous 50.9 Tuesday 1 September, 14.00 GMT: ISM manufacturing PMI (August) - consensus…
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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…
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Global equities hit a record high on Wednesday as the recovery seen since the collapse in February continues apace. The FTSE All World index climbed 0.9% to 384.9 points, ahead of a high set in February, as technology giants which have propelled US markets higher now lift the global index to a new peak. Huobi…
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The gaming group recently said that it has benefited from the Covid-19 induced market volatility and reported strong performance for TradeTech. In March 2020 the company’s Board decided to maximize liquidity and suspend shareholder distribution because of the Covid-19 situation. The share repurchase programme announced at the FY19 result was also postponed as was the…
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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.…
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Vanguard is not the only company to turn away from Hong Kong and shift to mainland China. Japan’s Daiwa Securities recently also shared a desire to redirect its operations away from Hong Kong. Keiko Tashiro, deputy president at Daiwa commented: If facts emerge such as people getting arrested one after another, we may need to…
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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…
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Energy and airline stocks soar on Covid-19 vaccine news All three US indices started the week on a positive note, with the S&P 500 up 1%, taking its year-to-date gain to 6.2%. The energy sector led the way, adding 2.8%, with the energy equipment and services sub-sector up 4.3%. It was airline and travel stocks…
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If the yield differential declines to 60-basis points you will be paying away less and therefore there is less incentive to hold the US dollar. During June the yield differential between the US 10-year yield and the German 10-year yield declined to 101 basis points from 117 basis points making it less attractive to hold…
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Key data this week Bold indicates the most important releases for this symbol. Tuesday 25 August, 6.00 GMT: German quarterly GDP growth (final, Q2) - consensus -10.1%, previous -2% Tuesday 25 August, 6.00 GMT: German annual GDP growth (final, Q2) - consensus -11.7%, previous -2.3% Tuesday 25 August, 8.00 GMT: Ifo Business Climate (August) -…
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