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US close: Stocks rally amid positive news from Europe and China

US close: Stocks rally amid positive news from Europe and China

Fri, 21 November 2014

US stocks rallied on Friday, as oil and metal prices rose after a surprise rate cut from China's central bank. The Dow Jones Industrial Average closed 91.06 points up at 17,810.06, while the S&P 500 e... [more]

Europe close: Stocks finish higher on ECB asset purchases, China interest-rate cut

Europe close: Stocks finish higher on ECB asset purchases, China interest-rate cut

Fri, 21 November 2014

The European Central Bank (ECB) provided a boost to markets on Friday after saying it would boost asset purchases if inflation remained low for too long. Speaking in Frankfurt, ECB President Mario Dra... [more]

ECB begins buying asset-backed securities

ECB begins buying asset-backed securities

Fri, 21 November 2014

The European Central Bank (ECB) has started buying asset-backed securities in an attempt to encourage banks to lend and boost the stagnant economy. "Following publication of legal act on the implement... [more]

US open: Stocks advance after Chinese rate cuts and Draghi's comments

US open: Stocks advance after Chinese rate cuts and Draghi's comments

Fri, 21 November 2014

US stocks rallied on Friday, as oil and metal prices rose after a surprise rate cut from China's central bank. Just before 10:00 in New York, the Dow Jones Industrial Average was 0.85% up, while the S... [more]

US pre-open: Foreign central banks boost stocks

US pre-open: Foreign central banks boost stocks

Fri, 21 November 2014

US equity futures were pointing to large gains at the start of trading, following a surprise interest rate cut in China and very dovish remarks from the European Central Bank's president, Mario Draghi... [more]

Europe midday: Stocks gain as China slashes interest rates, ECB talks asset purchases

Fri, 21 November 2014

European stocks bounced higher after China's central bank slashed interest rates and the European Central Bank (ECB) President Mario Draghi cited his willingness to boost asset purchases. China slashe... [more]

Support is shaky as Japan PM calls for snap election on 'Abenomics'

Fri, 21 November 2014

Prime Minister Shinzo Abe dissolved parliament's lower house on Friday ahead of a snap election on December 14. Two years after returning to power, Abe promised that "Japan is back" and now seeks a fr... [more]

China cuts interest rates to boost economic growth

Fri, 21 November 2014

China has slashed its costs of borrowing for the first time since July 2012 on Friday, in a bid to kick-start its flagging economy. The country's central bank reduced its one-year benchmark lending ra... [more]

Citigroup to be ousted from ECB FX Group

Fri, 21 November 2014

Citigroup was expelled from the foreign-exchange market liaison group of the European Central Bank (ECB) after the bank was fined for rigging currency exchange rates. Citigroup was ejected from the pa... [more]

Europe open: Stocks rallied on PBoC and ECB stimulus hopes

Fri, 21 November 2014

Stocks in the euro-area rallied after reports that China's central bank will inject funds and after European Central Bank (ECB) President Mario Draghi hinted at further asset purchases. The People's B... [more]

Sotheby's CEO steps down after 14 years

Fri, 21 November 2014

Sotheby's chief executive William Ruprecht is retiring after 14 years in the role at the auction house. The resignation comes a year after activist investor Dan Loeb started requesting changes at the ... [more]

US close: Stocks rise as data shows improvements in US economy

Thu, 20 November 2014

US stocks advanced on Thursday, as concerns over weaker growth overseas were overshadowed by data showing improvements in the US economy. The Dow Jones Industrial Average closed 33.27 points up at 17,... [more]

Sterling to surge to 15-year high against Euro by 2017, says Goldman Sachs

Thu, 20 November 2014

Sterling will climb relentlessly against the euro over the next three years, reaching levels last seen over a decade ago, researchers at Goldman Sachs believe. According to the bank's new forecasts, t... [more]

Europe close: Stocks mostly lower after weaker-than-expected manufacturing data

Thu, 20 November 2014

European stocks finished Thursday mostly lower after an unexpected decline in Chinese, Eurozone and US manufacturing growth. Markit's purchasing managers' index (PMI) for Eurozone manufacturing fell t... [more]

China's manufacturing sector cooled more quickly than expected in November

Thu, 20 November 2014

China's manufacturing sector cooled more quickly than expected in November, with economists divided on the likelihood, or even the need, for further monetary easing from Beijing. The preliminary readi... [more]

Existing home sales in the US rise unexpectedly in October

Thu, 20 November 2014

US sales of existing homes rose unexpectedly in October, increasing 1.5% to a seasonally adjusted annual rate of 5.26m, the highest level since September 2013. Commenting on the data, Lawrence Yun, th... [more]

US Philly Fed index rockets higher in November

Thu, 20 November 2014

The Federal Reserve bank of Philadelphia's manufacturing sector gauge for the month of November shot higher to a reading of 40.8 for November, its highest level since March 2011. The consensus estimat... [more]

US open: Stocks decline as overseas data adds to concerns of global slowdown

Thu, 20 November 2014

US stocks declined on Thursday, as data showed consumer prices were largely unchanged, while weak data from Europe and China added to the growing concerns over a global slowdown. Just before 10:00 in ... [more]

Sanofi invests in new pipeline of medicines and vaccines

Thu, 20 November 2014

Healthcare company Sanofi will launch 18 new medicines and vaccines over 7 years, the company announced on Thursday. The new launches are expected to generate more than €30bn over the first five ... [more]

US consumer prices were flat in October

Thu, 20 November 2014

US consumer prices were flat month-on-month and rose by 1.7% year-on-year, according to the Bureau of Labor Statistics (BLS). The consensus estimate had been for the CPI to slip by 0.1% over the month... [more]

Citigroup banker found dead with slashed throat

Thu, 20 November 2014

Citigroup's head of environment and social risk management Shawn D. Miller was found dead on Wednesday at his flat in New York with a neck wound. The police said the doorman found the 42-year-old bank... [more]

US pre-open: Stock futures fall on growth concerns, inflation holds steady

Thu, 20 November 2014

Concerns about global growth were set to weigh on US markets on Thursday with stock futures pointing to a weak start on Wall Street, while investors also digested a host of economic data closer to hom... [more]

Europe midday: Stocks drop after PMIs in Eurozone, China

Thu, 20 November 2014

European stocks declined as investors weighed an unexpected drop in manufacturing growth in Germany and the wider Eurozone. Markit's purchasing managers' index (PMI) for Eurozone manufacturing fell to... [more]

ECB under pressure to boost economy after PMI data

Thu, 20 November 2014

As the pace of economic growth in the euro area hit a 16-month low in November, analysts warned that the pressure is on the European Central Bank (ECB) to take more action. November's composite purcha... [more]

Chinese interbank lending rates spike on demand for liquidity

Thu, 20 November 2014

Lending rates in China spiked on Thursday as demand for liquidity was boosted ahead of a raft of upcoming initial public offering (IPOs) next week, a day after Beijing announced new measures to loosen... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Anglo American 1,380.00 6.69 17:07
Rio Tinto 3,042.00 6.18 17:13
Tullow Oil 505.00 5.80 17:02
Fresnillo 763.50 5.31 16:46
BHP Billiton 1,662.00 5.02 17:09

FTSE 100 Top Fallers

Name Last Chg.% Time
Imperial Tobacco Group 2,885.00 -1.33 17:11
TUI Travel 423.40 -0.87 17:00
Carnival 2,617.00 -0.80 17:08
easyJet 1,553.00 -0.77 17:07
Royal Bank of Scotland Group 377.70 -0.76 17:08