|Day's range||6,719.17 - 6,815.84|
|52-week range||6,673.60 - 7,903.50|
NEW YORK (AP) — U.S. stocks remained volatile Monday as the market took a dive in early trading only to erase those losses later and end slightly higher.
FT subscribers can click here to receive Market Forces every day by email. The pound has long been the barometer of Brexit and the currency’s tumble on Monday tells us how glum things are looking after Theresa ...
European stock markets slipped at the open Monday, with London's benchmark FTSE 100 index down 0.2 percent to 6,763.65 points on the eve of the UK parliament's crucial Brexit vote. In the eurozone, Frankfurt's ...
European stock-index futures dropped on Monday after a volatile week in which both the FTSE 100 and the Germany’s Dax fell to two year lows with uncertainty over Brexit and a deterioration of relations between the US and China weighing on investor sentiment. London’s FTSE 100 futures were down 0.7 per cent, while Euro Stoxx 50 futures pulled back 1 per cent, similar to France’s Cac 40 futures which were down 0.8 per cent. German Dax futures fell 1.1 per cent.
European equities bourses sold off sharply in one of the worst trading sessions of the year after Theresa May said she had delayed a vote to approve the EU withdrawal treaty indefinitely. The move accelerated as Mrs May addressed MPs in parliament on the prospects for a second referendum and going back to the EU to renegotiate the terms of the Brexit deal. All of the major European indices were down, with Germany’s Xetra Dax 1.7 per cent lower, the FTSE Mib in Italy off 1.6 per cent, the French CAC 40 down 1.6 per cent and the Spanish Ibex 1.7 per cent lower.
The euro extended its losses on Monday amid a dive in the UK pound and wider dip in European stocks, falling sharply against the dollar in intraday trading. to its lowest level since April 2017, after Prime Minister Theresa May told parliament the vote on the proposed Brexit deal would be delayed until further notice. The sharp fall in the euro’s value against the dollar in mid-afternoon trading coincided with sterling’s decline, as investors took flight from the European currencies on mounting concerns and uncertainty about the future of Brexit.
Wall Street is looking to avoid its longest losing streak in a month, with US stock futures staging a comeback on Monday despite the preceding sell-off in global markets. — its worst since March — with a 2.3 per cent tumble on Friday that saw the index rejoin the Nasdaq Composite in correction territory, defined as a drop of 10 per cent from a peak, and experience a “death cross” — a sign of bearish momentum that occurs when the index’s 50-day moving average falls below its 200-day moving average.
Women still account for fewer than 5 per cent of the chief executive positions in the US, UK and Europe, according to new research that suggests efforts to diversify corporate leadership may be stalling. ...
In the UK, the number of women holding FTSE 100 chief executive positions has slipped from seven to six, just below the number of CEOs named Dave or David. Awareness of the executive gender gap “is at a crescendo” but change is taking longer, said Anne Lim O’Brien, vice-chairman of Heidrick’s global CEO and board practice. “While it’s improving, it’s glacial, whether at the boardroom level or for the CEO,” she said, arguing that boards needed to focus on helping women gain the experience necessary to become “CEO-ready” and calling for a culture shift to address unconscious bias in board appointments.
A busy week ahead will see Britain’s fate become all the more clear, with the ECB delivering on policy. On the risk front, U.S and China will be in focus.
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
Worries that the testy U.S.-China trade dispute and higher interest rates will slow the economy have made investors uneasy, leading to volatile swings in the market from one day to the next. On Monday, news that the U.S. and China had agreed to a 90-day truce in their escalating trade conflict drove stocks sharply higher, adding to strong gains the week before. The next day, as doubts mounted over the likelihood of a swift resolution to the trade dispute, stocks sank.
Oil prices continued to fall on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production. West Texas Crude oil futures for January slumped 0.43% to $51.27 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., rallied 0.17% to $60.16. The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports.
European stock-index futures are ending to the week on firmer footing after suffering the worst sell-off since June 2016 on Thursday. Thursday brought a global sell-off that was particularly acute in Europe, ...
Amid rising uncertainty for investors, one thing looks increasingly likely — the UK is heading for a botched Brexit. The consequences UK investors could have to contend with include a second referendum, a general election, crashing out of the EU with “no deal”, or even no Brexit at all. How to galvanise your family finances through Brexit and beyond will be influenced by your age — whether you are accumulating or decumulating wealth — plus the impact of inter-generational financial planning.
Economists and analysts are actually reasonably good at getting the general direction correct, but awful at anticipating turning points. Answering this question represents the fundamental 2019 investment challenge for portfolio managers,” David Kostin, chief US equity strategist at Goldman Sachs, wrote in his annual outlook. Big picture: the median forecast of strategists polled by Bloomberg indicates the US economy will grow 2.6 per cent in 2019, while the S&P 500 will end the year at 3,090 points, with the 10-year Treasury yield at 3.44 per cent. Pretty much everyone expects the dollar to weaken next year, as the Fed interest rate cycle peaks.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
Britain’s biggest listed companies are likely to miss a government-backed target of having at least one director from an ethnic minority by 2021, new research has suggested. Data collected by executive recruitment company Green Park showed that only 52 of the FTSE 100 have non-white board or executive committee members, up from 48 five years ago.
, Mark Tucker, has been hired to do the same job at a South African insurance company in a move that could prompt concern about pressure on his time. HSBC said Mr Tucker, who became its chairman just over a year ago, will lead the board of Johannesburg-based Discovery Limited from March when the incumbent steps down.
The FTSE 100 index of large UK companies dropped 2.3 per cent during morning dealings in London. European stock bourses sustained a blow on Thursday on fresh jitters over US-China relations, after the arrest in Canada of Huawei’s finance chief, at the request of the US. “Markets are worried by numerous things: global economic growth, rising interest rates and the US-China trade war,” said Russ Mould, investment director at AJ Bell.
The US S&P 500 tumbled as much as 2.9 per cent at one point, sending investors scrambling for safer assets, but clawed its way back to end the day off 0.2 per cent. The Dow Jones Industrial Average closed down 0.3 per cent, after falling as much as 3.1 per cent, while the Nasdaq eked out a 0.4 per cent gain by day’s end. The turbulence sent investors scrambling for the safety of highly rated government debt, pushing the 10-year Treasury yield down to a four-month low of 2.82 per cent, before settling at 2.90 per cent, down 2 basis points for the day.
FT subscribers can click here to receive Market Forces every day by email. from the US. As one of China’s national technology champions, Huawei has been under intense scrutiny from western governments over cyber security and corporate espionage in recent years. A torturous path towards a trade deal next year is going to test asset prices and increase the risk that market losses weigh on business and consumer confidence, hitting the broad economy.
European stocks slid further at the start of trading Thursday following sharp losses the previous session. London's benchmark FTSE 100 index lost 0.8 percent to 6,868.19 points, having slumped 1.4 percent ...
The FTSE 100 hit a two-year low as fears of a breakdown in US-China relations left the benchmark nursing its biggest daily drop since the Brexit vote. A 3.2 per cent drop in the blue-chip benchmark took the index back to levels last seen during the during the dotcom boom 18 years ago. paced declines in a sell-off that put the FTSE 100 on course for its worst year since the global financial crisis in 2008.
Canadian authorities have arrested Huawei’s chief financial officer Wanzhou Meng — daughter of the Chinese telecom group’s powerful founder Ren Zhengfei — after her extradition was sought by the US.