FTSE 100 LIVE: Asian shares weaken as investors anticipate second wave of coronavirus

It comes as Asian shares and most currencies held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe. “While the economic recovery continues, momentum is clearly slowing,” Kathy Bostjancic, chief US financial economist at Oxford Economics wrote in a note. “The second phase […]

FTSE 100 LIVE: Asia stocks hindered by US China tensions as Wall Street decline takes toll

Investors have been seeking safer harbour in assets such as the Japanese yen as worries over the economic recovery in China take over. Overnight data showed recovery in the US labour market stalling and Wall Street indexes fell for a second straight session. The S&P 500 ended down 0.84percent, and the Nasdaq dropped 1.27percent. The […]

FTSE 100 LIVE: US-China investment flows plummet to NINE YEAR low as tensions explode

Investment, both direct and by companies between the two countries fell 16.2 percent to $10.9 billion in January-June. This is compared to the same period just one year earlier. Investment has been hurt by the coronavirus pandemic as well as the US-China tensions, according to figures from consultancy Rhodium Group. The current figure is a […]

FTSE 100 LIVE: Rishi Suank's surprise announcement props up London index

Fears over the end of the furlough scheme next month have been holding back stocks on the London index. However, despite refusing to consider extending the furlough scheme, yesterday the Chancellor did hint at “creative” support for jobs. The news from Mr Sunak helped boost the index, with shares up 79 points – or 1.32 […]

FTSE 100 LIVE: Stocks dented after pound surge -but Brexit vote set to cause Stirling drop

The London index finished Monday in the red after the strong performance of the currency impacted stocks. The FTSE 100 is largely made up of businesses who largely trade on an international basis and are therefore vulnerable to changes in currency value. Last night sterling was trading at $1.2855, up 0.48 percent on the day, […]

FTSE 100 LIVE: Asian shares SOAR as coronavirus vaccine resumes phase 3 trials

Vaccine hopes boosted shared, but  sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States. AstraZeneca announced it has resumed British clinical trials of its COVID-19 vaccine at the weekend, after getting the green light from safety watchdogs. This is one of the most advanced in development. The […]

FTSE 100: Index opens lower as gitters spark stocks sell-off – Opening at 6,003 points

Stocks dipped slightly yesterday as the index saw nine points wiped off. However, it remained just above the 6,000 level after stocks rallied earlier in the week. At opening this morning the London index sits at 6,003. A weakened pound due to uncertainties over Brexit has helped boos the market. The pound is at its […]

FTSE 100 LIVE: Stocks rally as investors seize on Brexit fears – pound plunges on worries

On Wednesday the FTSE 100 grow by 82 points to close at 6,012. With tensions between Britain and the EU over Brexit continuing to mount, the pund dropped in value,  sparking investmnet opportunities in the index. The UK Government has published it’s Internal Markets Bill, which proposes overriding aspects of the EU withdrawal agreement signed […]

FTSE 100 LIVE: US tech sell-off continues with London stocks set to suffer

Investors started to sell off sales in Facebook, Apple and other tech companies last week, before enjoying a brief reprise on Monday. However, a drop in the share prices of tech companies continued overnight. Goldman Sachs was recommending investors “sell” shares in Apple, while Tesla recorded its worst day of trading in the firm’s history. […]

FTSE 100 LIVE: Pound PLUNGES ahead of crunch Brexit talks – but index surges

The UK and EU set to undertake the latest round of Brexit talks later today. Yesterday the pound plunged by 0.92 percent against the US dollar. The drop came following fears a deal between London and Brussels may not be reached before the October 15 deadline. Significant differences remain between the two negotiating sides on […]