British pound, bond yields shoot higher after Javid resignation
The British pound and U.K. government bond yields shot higher Thursday in reaction to the surprise resignation of Sajid Javid as chancellor, as markets anticipate more spending from the Boris Johnson-led government.
Equity Futures Plunge, Coronavirus Spread Accelerates, Earnings Still In Focus
Equity markets plunge after China upped the number of coronavirus cases and deaths, this outbreak is far more impactful than investors realize.
Stocks Are Sliding, Cisco Is Slumping, and Bloom Energy Is Getting Hit. What You Need to Know.
More coronavirus cases reported in China has roiled global stock markets. Gold is higher, travel shares are falling. Cisco Systems and NetApp shares are moving on earnings news.
Rishi Sunak named new Chancellor after resignation of Javid
Rishi Sunak was named the U.K.'s Chancellor of the Exchequer, just minutes after the surprise resignation of Sajid Javid. Sunak, the chief secretary to the Treasury, has a background in finance including at hedge fund The Children's Investment Fund as well as at Goldman Sachs. The pound was trading at $1.3021 up from $1.2960 on Wednesday.
U.K. Chancellor Javid has resigned: reports
British media outlets have reported that Sajid Javid , the chancellor, has resigned. He reportedly quit after being told by Prime Minister Boris Johnson to fire all of his advisers. Javid resigned without ever delivering a budget. The British pound wa...
Dow Futures Slump, Global Stocks Slide as Markets React to Coronavirus Case Spike
China confirmed more than 15,000 new coronavirus infections using a new computerized testing procedure, sending global stocks lower in cautions Thursday trading.
Tapping the brakes on risk sentiment
FT subscribers can click here to receive Market Forces every day by email. There was some tapping of the brakes across equity markets and risk assets on Thursday as the latest development from China reminded investors that the terrain is sinuous rathe...
StockBeat: Barclays Rocked by FCA Probe in CEO's Epstein Links
By Geoffrey Smith
Stocks – Europe Lower; Rise in Virus Numbers Weigh
By Peter Nurse