Markets

Market awaits Fed Reserve verdict

Market awaits Fed Reserve verdict

The FTSE 100 is inching higher this morning as traders await Federal Reserve Chair Janet Yellen’s testimony before Congress this afternoon (3pm GMT). This will be her first speech since the Trump victory last week. Rio Tinto (LON: RIO) announced this morning it has fired two top executives over a […]

Metals, Rolls Royce down

Metals, Rolls Royce down

The FTSE is lower in trading today after gaining in the previous two sessions, following poor results from large companies such as Rolls-Royce and Barratt. BHP Billiton and Rio Tinto are both one per cent lower due to weaker metals prices from overnight trading led by Antofagasta, down 2.4 per […]

Oil slump ends ahead of OPEC

Oil slump ends ahead of OPEC

The FTSE has reversed some of the gains made in early trading following confirmation of the departure of Mark Carney from the Bank of England in April 2019. The oil and gas index has risen by two per cent as hopes build that next week’s OPEC meeting will cut production. […]

Revelations reduce energy shares

Revelations reduce energy shares

The FTSE100 rose by one percent in early trade and is currently up 21.90 or 0.33 per cent just before lunch as retailers return healthy profits. A report in today’s Sun says that energy firms may be making up to 24 per cent profit on the average consumer’s bill. Following […]

Copper at seven year high

Copper at seven year high

As trading wraps for another week, a stronger pound and lower oil prices have taken the FTSE lower down 61.8 points, or 0.9 per cent at 6,766.2. However, metals have seen continued growth with copper reaching a seven-year intraday trading high surpassing $6,000 per ton. Copper prices have surged by […]

Markets calm after US election

Markets calm after US election

Commodities continue to climb as investor fears over a possible slowdown in the Chinese market ease continue to ebb following the US election result. Extractors and energy companies are leading the growth in the market. After the initial market shock, investors are cautiously expecting a Trump administration to increase infrastructure […]

US election: markets react

US election: markets react

Markets feel sharply across Europe this morning on the back of Donald Trump’s victory in the US Presidential election, with the FTSE losing £37bn (2%) in value on open. The losses in London, and on other European exchanges, followed similar trends in Asian markets with Japan’s Nikkei 5% lower and […]

Markets wait on US result

Markets wait on US result

Global markets are awaiting the result of today’s Presidential election, with first results likely after the market closes around midnight GMT.  Investors have been positioning themselves for a victory for Hillary Clinton with minor movement in the oil price overnight and this morning. Brent Oil Futures for January delivery are […]