Oil companies help drive gains for London stocks
London stocks added to the biggest gains since 2008 on Wednesday, with oil companies leading the way higher as investors weighed up a massive stimulus package out of the U.S.
Markets Now – Wednesday 25th March 2020
Money market funds saw record inflows in March as risk assets collapsed. Systematic/HF selling is well advanced, but equities remain vulnerable to LO/Retail capitulation and are losing the bid from buybacks amid a worsening earnings and macro outlook....
GBP/USD Makes a Run Towards the 1.20 Handle
The British pound is recovering against the greenback as an expected US fiscal stimulus package has taken the steam out of the dollar rally.
European stocks climb, then reverse after U.S. lawmakers reach $2 trillion coronavirus aid deal
European stock markets initially posted strong gains on Wednesday before ceding ground after Senate members and lawmakers from the White House administration reached agreement over a $2 trillion stimulus package to shore up the economy against coronavi...
Dow Futures Hold Gains, S&P Slips Lower After Senate Agrees $2 Trillion Coronavirus Relief Bill
Senate Majority Leader Mitch McConnell called the $2 trillion aid package, the largest in U.S. history, a "wartime level of investment into our nation."
Stocks – Europe Pushes Higher on Stimulus Agreement
European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. Shares in German co...
Stocks – Europe Continues Higher Amid Fresh U.S. Stimulus Hopes
European stock markets are set to open positively Wednesday, continuing Tuesday’s sharp ride higher, on the expectation that U.S. policymakers will finally deliver a massive rescue package to bolster the country’s beleaguered economy. At 3:20 ET (0720...