World stock markets hit record highs

Asian stocks touched new peaks, Wall Street reached new highs, and MSCI’s global index added 0.28% World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth. ...

London stocks to open marginally lower

The FTSE 100 finished 0.4% lower at 6,715.42 on Thursday, down 0.3% since the week began Stocks in London are set to open marginally lower on Friday as a lacklustre week for the FTSE 100 draws to a close, with focus on a raft of PMIs for January. ...

Indonesia stock market flat

The Jakarta Composite Index ended slightly lower, dropping 0.25 percent at 6,413.89 The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day losing streak in which it had fallen more than 60 points or 0.9 percent. The Jakarta Composite Index (JCI) now ...

Netflix share price soars to double-digit gains on 200 million subscribers milestone is passed

The Netflix share price has soared by almost 13.5% in early trading on Wall Street this morning after the television and video streaming service reported strong last quarter figures that took its total paying subscriber numbers past 200 million. The U.S. tech giant, a member of the unofficial FAANG (Facebook, Apple, Amazon, Netflix, Google) group ...

Stock market surges as Biden becomes president

The S&P 500 added 13 per cent on Wednesday, the best increase seen for any president since 1952 The stock market surged to as Joe Biden became president in a record leap for Inauguration Day. The S&P 500 saw a 13 per cent gain on Wednesday, the best increase seen for any president since 1952. ...

China stock market bounces higher again

The index added 0.47 percent to close at 3,583.09, while the Shenzhen Composite Index climbed 1.43 percent to finish at 2,412.56 The China stock market bounced higher again on Wednesday, one day after snapping the two-day winning streak in which it had gathered more than 30 points or 0.8 percent. The Shanghai Composite Index sits ...

U.S. stocks continue to rise

The Dow gained 0.6 percent at 31,118.09, the Nasdaq added 1.7 percent at 13,423.99 and the S&P 500 advanced 1.1 percent at 3,841.04 After showing a strong move to the upside early in the session, stocks continue to see considerable strength in mid-day trading on Wednesday. The advance on the day has lifted the Nasdaq ...

FTSE 100 hits flatline

The FTSE 100 made a subdued start to trading ahead of the changing of the guard at the White House FTSE 100 hit the flatline in mid-morning and moved by exactly 0 points to 6,713. The average house prices in the UK increased by 7.6% over the year to November 2020, up from 5.9% in ...

UK inflation rises amid Covid, Brexit

Inflation has been below the BoE’s 2% target and the pandemic pushed it close to zero as the economy slumped British inflation gathered speed in December, starting what is expected to be a climb this year as pandemic-fighting measures, Brexit and a recovery in the economy combine to push up costs for consumers and businesses. ...

Burberry sales fall in the third quarter

Retail revenue fell 4% in the three months to the end of December amid coronavirus-related store closures Burberry sales fell in the third quarter as the impact of Covid-19 and fewer price cuts offset strong sales of full-price items boosted by its association with footballer Marcus Rashford. ...

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