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US lawmakers renew efforts for a stimulus package deal

US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone for about an hour on coronavirus economic relief. The renewed effort in…

Indices gain following reports of Donald Trump’s improving health

Indices were gaining this morning following White House reports of Donald Trump’s improving health. London’sUK100 indexrose also helped by a r…

Markets tumble as US president tests positive for Covid-19

US and European indices fell sharply after US president Trump said he had tested positive for Covid, with Asian stocks also down and the US dollar climbin…

European indices lifted by Chinese manufacturing data

China’s manufacturing companies have grown for the fourth consecutive month according to government figures released over the weekend. Factories are…

FTSE suffering worst fall in three months

London shares continued to fall this morning, suffering their worst sell-off in more than three months after new lockdown restrictions were put in place j…

Yoshihide Suga wins ruling party's leadership vote

Japanese Chief Cabinet Secretary Yoshihide Suga, a loyal aide to outgoing Prime Minister Shinzo Abe, won a landslide victory in a ruling party leadership…

Japan's GDP suffers biggest postwar contraction

Japan’s economy sank deeper into contraction complicating further the job of the new prime minister that will succeed PM Abe. Household spending and…

Britain to override the Withdrawal Agreement if no deal

Britain warned the European Union that it could effectively override the withdrawal agreement it signed unless the bloc agrees to a free trade deal by Oct…

French stimulus package focusing on green economy and jobs

The French government unveiled a 100 billion-euro stimulus plan, focusing on greening the economy, creating jobs for young people and cutting taxes on ind…

Australian GDP plunges by 7%

Australia fell into its first recession in nearly 30 years as the nation battles a resurgence of Covid-19. Gross domestic product shrunk 7% in the second…

Chinese factory activity expands

Chinese factory activity expanded at the fastest clip in nearly a decade in August as manufacturers scaled up production to meet an increasing demand, acc…

Chart of the day: UK100 28.08.2020

London’s FTSE 100 rose as bargain hunters stepped into the market following losses earlier in the week. The blue-chip FTSE 100 was up 0.2% and on co…

Brexit dropped from EU ambassadors' agenda

Germany has scrapped plans to discuss Brexit at a meeting next week because there has not been “any tangible progress” in talks this summer. T…

No progress in EU-UK Brexit negotiations

EU chief negotiator Barnier said this weekend that a trade deal between the EU and the UK “seems unlikely”. UK Brexit minister Frost also said…

Chart of the day: UK100

The FTSE 100 jumped on Monday, tracking Asian markets as US regulators authorised a COVID-19 treatment over the weekend, while drugmaker AstraZeneca rose…

FOMC minutes leave many questions unanswered

The US dollar recovered some of its recent losses after minutes from last month’s US Federal Reserve meeting gave no clear clues about whether an ev…

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