Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Tag: World Markets
US futures point to slightly higher open on Wall Street
Global equities have been subdued not too long ago by fears of the China coronavirus spreading, with the dying toll rising to 26 and the variety of confirmed instances growing to 830. The virus originated in China, however instances have additionally been reported within the U.S., Japan, and South Korea. The World Health Organization […]
Mainland Chinese stocks plunge as coronavirus fears grip investors
The Shanghai composite fell greater than 3% whereas the Shenzhen element dropped past 4%. The Shenzhen composite additionally declined 4.259%. Hong Kong’s Hang Seng index additionally fell 2.21%. Elsewhere, the Nikkei 225 in Japan slipped 0.98% to shut at 23,795.44 whereas the Topix index additionally shed 0.78% to finish its buying and selling day […]
Hong Kong leads losses among major markets following Moody’s downgrade
The Hang Seng index within the embattled metropolis fell 2.29% by the afternoon, with shares of life insurer AIA plunging past 3%. The strikes got here following the rankings downgrade from Moody’s on Monday, the place the company additionally modified its outlook for Hong Kong to steady from destructive. The metropolis has been stricken […]
US-China phase one deal brings some relief, but uncertainty remains
A partial trade deal signed by the U.S. and China gives some relief to the market but doesn’t remove uncertainty, analysts said. “There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of […]
US-China phase one trade deal may not hold, tariffs could return: Expert
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Nicolas Asfouri | AFP | Getty Images China could face difficulties fulfilling its commitment in the so-called phase one trade deal with the U.S., allowing President Donald Trump to […]
Fed could cut rates 3 times as tariffs drag down US growth: UBS
Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]
Standard Chartered CEO on US-China trade war, Hong Kong protests, Iran risks
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday […]
European stocks close lower as US imposes fresh sanctions on Iran
European stocks closed in negative territory on Friday, paring earlier gains after the U.S. announced fresh sanctions on Iran. The pan-European Stoxx 600 had dipped below the flatline by the closing bell, with most sectors and all major bourses in the red. The blue-chip stock index closed lower by 0.12%. The FTSE 100 in London […]
