LONDON (Alliance News) – UK retail sales declined unexpectedly in January but the volume is expected to increase next month, the Distributive Trades Survey from the Confederation of British Industry showed Thursday…. Read More
Monthly Archives: January 2017
LONDON MARKET MIDDAY: UK COMPANY UPDATES, ‘TRUMP TRADE’ BOLSTER STOCKS
LONDON (Alliance News) – Stocks in London were higher on Thursday midday, as some positive trading updates from UK companies reinforced market optimism following Wednesday’s record highs on Wall Street. After a… Read More
GOLD TUMBLES AS DOW SURGES ABOVE 20,000
WASHINGTON (Alliance News) – Gold prices fell Wednesday, slipping from 10-week highs as the Dow Jones Industrial Average surged above 20,000 for the first time ever. With risk appetite picking up and… Read More
COMPANY NEWS LIFTS FTSE 100 DESPITE STRONG POUND
LONDON (Alliance News) – Stocks in London were mostly higher on Wednesday at midday, with the FTSE 100 index shaking off the weight of a stronger pound, as broker rating changes and… Read More
CHINA PROMOTING RIVAL TRADE DEAL AFTER US EXIT FROM TPP
BEIJING (Alliance News) – Just one day after President Donald Trump announced the USĀ is withdrawing from the Trans-Pacific Partnership (TPP), China on Tuesday used the opportunity to promote a rival regional trade… Read More
UK SUPREME COURT RULES GOVT MUST GET PARLIAMENT NOD TO TRIGGER ARTICLE 50
VIENNA (Alliance News) – In a setback to the UK government’s hopes to bypass the parliament and trigger Article 50 of the Lisbon Treaty to kick-start the process of exiting the EU,… Read More
CRUDE OIL STEADY NEAR USD53 AHEAD OF INVENTORIES
WASHINGTON (Alliance News) – Crude oil futures were little changed Tuesday as traders await further clues about the pace of US production. The American Petroleum Institute reports weekly inventories this afternoon, followed… Read More
LONDON BRIEFING: UK SUPREME COURT SET TO RULE ON BREXIT PROCESS
LONDON (Alliance News) – Market attention in London on Tuesday switches back from Trump to Brexit. Stocks had a flat open, while the pound and euro mostly held onto their gains against… Read More
GOLD RISES AS TRUMP TALKS TOUGH ON NAFTA
WASHINGTON (Alliance News) – Gold futures were higher Monday morning amid safe haven demand for the precious metal. President Donald Trump struck a protectionist tone over the weekend, vowing the renegotiate NAFTA…. Read More
CHINA LOWERS RESERVE RATIOS FOR BIG 5 BANKS: REPORT
BEIJING (Alliance News) – China’s central bank temporarily reduced the amount of cash that big 5 banks should maintain as reserves to avoid a liquidity crunch ahead of the Lunar New Year… Read More
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