Daily market commentary: COVID-19 vaccination rumours diminishing investors’ appetite for safe haven assets LeapRate

May 19, 2020 BY Valentina Kirilova

Daily market commentary: COVID-19 vaccination rumours diminishing investors’ appetite for safe haven assets

EUROPEAN SHARES Benchmarks in Europe are struggling to extend yesterday’s gains, which was sparked by optimism about a possible vaccine against Covid-19. However, yesterday’s euphoria is now nuanced by today’s uncertainty as investors brace themselves for the Fed Chairman Jerome Powell’s speech, which will provide them with more clues on the state of the recovery…

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 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 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…

May 06, 2020 BY Steffy Bogdanova

Daily Market News: UK car sales register lowest numbers since 1946

UK car sales lowest since 1946 London-listed stocks rose on Tuesday, with the FTSE 100 closing 1.7% higher, despite disastrous figures on UK car sales and negative economic data. New car registrations fell 97% in April versus the same month last year, with only 4,321 cars registered, according to a trade body. That figure is…

May 05, 2020 BY Valentina Kirilova

Daily Market News: Markets rally as lockdowns ease

Finance names were also a weight on the FTSE, with Lloyds Banking Group, Standard Chartered, Standard Life Aberdeen, M&G, Royal Bank of Scotland and Aviva all losing more than 2%. In the FTSE 250, 10 firms posted share price falls of more than 8%, including WH Smith Plc, Provident Financial, and Cineworld Group. At the…

May 01, 2020 BY Valentina Kirilova

Daily market commentary: The Pound is down against most of its peers

UK STOCKS Investors are set for a trading day lacking any clear direction as most financial places around the world will be closed for Labour Day. However, there remains considerable volatility on UK stocks, which have had many drivers to shake their prices recently. From the reassuring news on the virus front to the mixed…

May 01, 2020 BY Valentina Kirilova

Daily Market News: US stocks post best month since 1987

Financial stocks suffered a negative day too, with Royal Bank of Scotland, Standard Life Aberdeen and Lloyds Banking Group all closing more than 7% lower. The FTSE 250 also sank on Thursday, closing 2.3% lower, with Virgin Money UK and Crest Nicholson both posting double digit losses. FTSE 100: -3.5% Thursday, -21.8% YTD FTSE 250:…

April 27, 2020 BY Valentina Kirilova

Daily Market News: Markets look to central banks for further support in key week of meetings

FTSE 100: -1.3% Friday, -23.7% YTD (-0.6% last week) FTSE 250: -1.1% Friday, -28.3% YTD (-1.1% last week) What to watch Keurig Dr Pepper: Keurig Dr Pepper is the firm behind brands including Krispy Kreme, 7Up and Evian. The firm’s share price is down 9.2% year-to-date, meaning it is performing better than the broader 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…

Tag: FTSE 100

Daily market commentary: COVID-19 vaccination rumours diminishing investors’ appetite for safe haven assets

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

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

Daily Market News: China data surprises to preserve stocks rally

Daily Market News: UK car sales register lowest numbers since 1946

Daily Market News: Markets rally as lockdowns ease

Daily market commentary: The Pound is down against most of its peers

Daily Market News: US stocks post best month since 1987

Daily Market News: Markets look to central banks for further support in key week of meetings

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

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