Update 14-05-2020: Markets sink as Trump suggests he could ‘cut off the whole relationship’ with China Things got really nasty on Thursday afternoon, the growing concerns surrounding the US-China situation and another sharp increase in unemployment causing an intensification of the session’s already pronounced losses. Having fallen close to 1000 [...]
Update 07-05-2020: Dow Jones shakes off jobs data once again to near 24000, FTSE at one-week peak Thursday saw another horrendous piece of jobs data out of the US, and another triple-digit surge from the Dow Jones. For the week ending May 1st, another 3.169 million Americans filed for unemployment, [...]
Update 29-04-2020: Gilead drug success allows investors to ignore 4.8% Q1 contraction in US Taking the heat off a terrible Q1 GDP reading out of the US, investors instead focused on Gilead’s announcement that it had seen positive results with its remdesivir trial. Now, remdisivir isn’t a vaccine or anything [...]
Update 21-04-2020: Oil rebounds as Trump threatens Iran, FTSE back above 5750 A much-needed rebound from Brent Crude allowed the Western indices to hold onto their growth this Wednesday – and in some cases, saw them improvement on their initial gains. It would be nice for oil’s push higher [...]
Update 17-04-2020: Dow Jones opens higher, but loses bravado seen in initial moments after bell Though still firmly in the green, some of the enthusiasm that was present after the bell rang on Wall Street started to disappear as investors looked down the barrel of another potentially stressful weekend of [...]
Update 08-04-2020: Dow Jones gains fail to spur rebound from European indices Bucking the trend seen throughout the morning session, the Dow Jones opened in the green on Wednesday afternoon. The Dow really lost steam on Tuesday, from an 800 point surge after the bell to a red-tinged close. [...]
Update 03-04-2020: Markets remain relatively unshaken despite -700k non-farm reading Once again the markets were relatively calm in the face of some horrendous jobs data out of America. Though not immediately alarming as Thursday’s 6.6 million new jobless claims, nor last week’s 3.3 million filing for unemployment, Friday’s nonfarm [...]
Update 26-03-2020: Record breaking number of US jobless claims fails to prevent market rebound An astonishing – as in, astonishingly bad – jobless claims figure failed to stop a continuation of the week’s rebound this Thursday. For the week ending 21st March, 3.283 million people filed for unemployment in [...]
Update 20-03-2020: FTSE and Dow Jones see gains start to dissipate, Eurozone and pound hold strong Though the overall picture remained positive this Friday, the FTSE saw its rebound continued to ebb away as the session went on. At one point up close to 5%, the UK index’s gains [...]
Update 13-03-2020: Wobbly Dow rebound keeps European markets in the green at end of historic week Though the European rebound has lasted as it has at any point in the last couple of weeks, its strength was undermined a tad by a US open that couldn’t quite decide how strong [...]