Tag: JP Morgan

UK stocks drop at JP Morgan increase odds on no deal Brexit

UK stocks drop at JP Morgan increase odds on no deal Brexit

The FTSE 100 dropped below the 7,000 mark after it dropped 1.107pc to 6,945.02 as US investment bank JP Morgan increased its odds on a no deal Brexit to 40%. Heavy losses across the mining sector dragged the FTSE 100 lower with Anglo America, Antofagasta and BHP down 1.93pc, 1.94pc […]

US banks back coal

US banks back coal

The Trump administration’s support for the US coal industry has meant the country’s biggest banks are once again embracing the sector and are providing significant loans to companies that operate within it. Five banks in the US are lending tens or hundreds of millions of dollars to coal companies, surpassing […]

Trump trade slumps

Trump trade slumps

The FTSE 100 is down by 0.9% hitting a two week low and on set for the largest fall since late January, all as the so-called “Trump trade” slowed. The industries such as mining and finance which in past have made gains from the “Trump trade” on bets of reflation […]

Excitment grows around Saudi Aramco IPO

Excitment grows around Saudi Aramco IPO

The upcoming public share offering of Saudi state-owned oil giant Aramco, considered to be one of the world’s largest and most-valuable companies, will have a significant impact on financial markets around the world, according to industry experts. The highly-anticipated part-privatisation, expected to take place by 2019, has become emblematic of […]