News That Matters

Tag: markets

Markets slide on Iran tension as oil price spikes above $70

Markets slide on Iran tension as oil price spikes above $70

Business
Global stock markets have fallen further amid rising global tensions after the killing of a top Iranian general by the US - and a spike in the price of oil.The FTSE 100 was down by more than 80 points, or 1%, in early deals though it closed 0.6% - or 47 points - lower at 7575. The performance was cushioned by a boost for BP, up 2%.That was after the Iran tensions pushed the price of a barrel of Brent crude above $ 70 for the first time since September though the gains later petered out.British Airways owner International Airlines Group (IAG) and Ryanair were each off by about 4% though their values later closed 2.5% and 1.6% lower respectively. Advertisement Image: ...
What top advisors see on the horizon for markets in 2020

What top advisors see on the horizon for markets in 2020

Finance
PeskyMonkey | iStock | Getty ImagesThe bull market in U.S. stocks rolls on.From the trade war between the U.S. and China and the slowdown in global economic growth, to Britain's messy exit from the European Union and the potential impeachment of President Trump, nothing has dampened the enthusiasm for stocks.The American economy remains in the midst of the longest economic expansion on record and the longest — if not strongest — bull market in stocks. Despite some concerns about higher volatility from a range of potential factors, registered investment advisors expect 2020 could be another good year for both the economy and the stock market."The cycle has been long but the economy has also been slower than in past cycles and without the big imbalances we've seen previously," said Alan Cohn
General election: Markets surge on Tory election victory

General election: Markets surge on Tory election victory

Business
The pound and the FTSE 100 have surged higher as the Conservatives secured a majority in the general election.Sterling climbed three cents against both the dollar and the euro as the result emerged overnight while UK-focused stocks helped the FTSE 100 rise by about 1.5%, or more than 100 points, in morning trading. That was partly held back by the performance of dollar and euro earning companies whose values were depressed by the pound's strength.The more domestically-focused FTSE 250 rocketed by about 5% to hit fresh record highs.It came as the election result seemed to ease some of the uncertainty over Brexit. Advertisement Image: The pound hit a three and a h...
World markets see red over mounting trade fears

World markets see red over mounting trade fears

Business
World markets have seen red after Donald Trump downplayed the chances of reaching a deal to end the US-China trade war before the need of the year.Shares either side of the Atlantic fell after the US president signalled an agreement may have to wait until after the race for the White House in November 2020. Investors had been hoping the US and China would end trade tensions, which have strained ties between the world's two biggest economies since 2017 when Mr Trump took office. ...
European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

Finance
European markets traded lower on Friday amid strained relations between the U.S. and China over protests in Hong Kong.The pan-European Stoxx 600 fell 0.4% in early deals, with basic resources shedding 0.9% to lead losses while utilities climbed 0.3% as one of only two sectors trading in positive territory.Sentiment was dampened by a recent escalation in tensions between Washington and Beijing after U.S. President Donald Trump signed legislation in support of the Hong Kong protesters. China's foreign ministry responded, claiming the U.S. had "sinister intentions."Shares in Asia fell on concerns that the news could lessen the chances of the world's two largest economies reaching an initial "phase one" trade deal. MSCI's broadest index of Asia-Pacific shares excluding Japan sank 1%.Back in Eu...