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European shares gain for third straight session, AstraZeneca boosts

Posted on 20/08/2019 09:25:00 GMT

European shares rose for the third straight session on Tuesday, building on a recovery since late last week as British drugmaker AstraZeneca gained on positive data from a late-stage study. Shares of the drugmaker (L:AZN) rose 1.6%, lifting the healthcare sector (SXDP), after the company said it [...]

Asia shares edge up as stimulus hopes temper recession worries

Posted on 20/08/2019 09:26:00 GMT

Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53%, while Japan’s Nikkei rose 0.54%. W [...]

Oil rises after drone attack on Saudi field

Posted on 19/08/2019 10:29:00 GMT

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth [...]

Asia shares take heart in stimulus speculation

Posted on 16/08/2019 09:33:00 GMT

Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks.Sentiment got a lift when China’s state planner said Beijing would roll out a plan to boost disposable i [...]

LSE's FTSE stock market suffers longest outage in years

Posted on 16/08/2019 09:35:00 GMT

A technical glitch delayed the start of trading on Friday on the UK blue chip FTSE 100 .FTSE and midcap .FTMC stock indexes in what was the longest outage at one of the world's top bourses in eight years. The London Stock Exchange (LSE.L) was investigating a “potential trading services issue” and [...]

China, Hong Kong stocks track global retreat as recession fears loom

Posted on 15/08/2019 10:13:00 GMT

China and Hong Kong stocks fell on Thursday, tracking a selloff on Wall Street, as an inverted U.S. bond yield curve intensified fears about a global recession. ** The CSI300 index fell 0.5% to 3,662.38 at the end of the morning session, while the Shanghai Composite Index lost 0.6% to 2,791.60. [...]

Sterling rises but traders say gains unlikely to last

Posted on 15/08/2019 10:15:00 GMT

Sterling was slightly higher on Thursday, boosted by better-than-expected retail sales and news that Britain’s opposition Labour Party had begun its bid to bring down Prime Minister Boris Johnson with a vote of no confidence. Higher July inflation, posted on Wednesday, also contributed to the margi [...]

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