Daily Market News: Markets dragged higher by energy names despite shocking unemployment figures LeapRate

April 03, 2020 BY Valentina Kirilova

Daily Market News: Markets dragged higher by energy names despite shocking unemployment figures

UK Banks in the spotlight for dragging heels on small business help It was a mixed but relatively flat day for London-listed stocks, with banks again back in the spotlight over concerns that they have been sluggish in issuing emergency business loans to customers under a government scheme launched last week. Late on Thursday, post-market…

April 01, 2020 BY Valentina Kirilova

Daily Market News: Stocks tumble as data reveals worsening coronavirus impact

Banks do away with dividends, buybacks under regulator pressure London-listed stocks rallied yesterday, following the release of data showing manufacturing in China had rebounded in March as the country emerged from its coronavirus-induced shutdown, although concerns over the accuracy of the figures persist. Despite closing the day higher, it was still a rollercoaster day for…

March 31, 2020 BY Valentina Kirilova

Daily Market News: Stocks rally but still set to post worst quarter since dot com crash

Health names soar in Monday rally All three of the major US stock indices finished more than 3% up on Monday, with healthcare the best performing of the 11 sectors in the S&P 500. The sector gained 4.7%, driven by the healthcare technology and pharmaceutical sub-sectors, which gained 7.1% and 5.8% respectively. Hospital firm Universal…

March 30, 2020 BY Valentina Kirilova

Daily Market News: Oil plunges below $20 for first time in 18 years

What to watch Pending home sales data: On Monday, the US National Association of Realtors will report its February pending home sales figures. Economists are predicting that there will be significant pullback after a 5.2% bump in January. While the period being reported on doesn’t include the recent depths of the crisis, it may provide…

March 27, 2020 BY Valentina Kirilova

Daily Market News: Winning streak ends as US tops total case numbers

S&P 500: +6.2% Thursday, -18.6% YTD Dow Jones Industrial Average: +6.4% Thursday, -21% YTD Nasdaq Composite: +5.6% Thursday, -13.1% YTD FTSE climbs as government tacks on support for the self-employed Both the FTSE 100 and the FTSE 250 climbed higher on Thursday, although both still remain in a bear market. Yesterday, Chancellor Rishi Sunak added…

March 26, 2020 BY Valentina Kirilova

Daily Market News: Markets stop short of a third straight day of gains

The Nasdaq Composite also gave up gains in an end-of-day selloff, which in the Nasdaq’s case took it into negative territory for the day. Several names that have been faring better than the broader market overall fell hardest, including Netflix and Gilead Sciences, which sank 4.2% and 5.8% respectively. S&P 500: +1.2% Wednesday, -23.4% YTD…

March 25, 2020 BY Valentina Kirilova

Daily Market News: FTSE surges again after US strikes $2tn stimulus deal

Hardest hit industries lead historic rally It was the sectors that have suffered the most in recent weeks that led Tuesday’s mammoth rally, with the S&P 500’s energy names rallying 16.3%, financials 12.8% and industrials 12.8%. Within the industrial sector, airlines had the best day with a 19% gain; Delta Air Lines climbed 21% despite…

March 23, 2020 BY Valentina Kirilova

Daily Market News: ‘Limit down’ overnight once again, sell off eases into European session

Friday afternoon selloff caps dire week for US stocks Last week was a dismal one for US stocks, with all three major indices posting double-digit losses despite the Federal Reserve slashing interest rates to near-zero and announcing the restarting of quantitative easing. The Dow Jones Industrial Average is now down 32.8% year-to-date, after a Friday…

March 18, 2020 BY Valentina Kirilova

Daily Market News: Market gives back all its gains from St Patrick’s Day rally

News broke yesterday that President Trump’s administration is seeking a trillion-dollar stimulus package that could include sending Americans $1,000 checks in the coming weeks. Following this, 10-year US Treasury yields climbed back above 1%, having been below half that rate earlier in the month. Treasury Secretary Steven Mnuchin reportedly warned Republican senators that without action…

March 16, 2020 BY Valentina Kirilova

Daily Market News: Markets sell-off further as central banks around the globe act again

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 16, 2020. The Federal Reserve stepped up its response to the coronavirus epidemic last night, cutting the benchmark interest rate to a 0-0.25% range and announcing that it will buy $700bn in US Treasuries and mortgage…

Tag: crypto news

Daily Market News: Markets dragged higher by energy names despite shocking unemployment figures

Daily Market News: Stocks tumble as data reveals worsening coronavirus impact

Daily Market News: Stocks rally but still set to post worst quarter since dot com crash

Daily Market News: Oil plunges below $20 for first time in 18 years

Daily Market News: Winning streak ends as US tops total case numbers

Daily Market News: Markets stop short of a third straight day of gains

Daily Market News: FTSE surges again after US strikes $2tn stimulus deal

Daily Market News: ‘Limit down’ overnight once again, sell off eases into European session

Daily Market News: Market gives back all its gains from St Patrick’s Day rally

Daily Market News: Markets sell-off further as central banks around the globe act again

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