We breakdown the GameStop drama with the help of some fake tweets
Author: vertem
Risk Assets Rally on Coronavirus Hopes & US Jobs Beat
Friday, June 5: Indices in Europe bounced back into the green, rounding off a third straight week of gains as the timeliness of a post-coronavirus economic recovery drove investors back into risk assets ahead of the US jobs report. The FTSE 100(+2.25%) was led higher by cyclical stocks on the basis of the aforementioned recovery…
Markets Drop Despite Further ECB & German Stimulus
Thursday, June 4: Markets in London and across Europe found themselves on the back foot at the open, stunting recent gains as energy majors tracked falling oil prices and investors were apprehensive ahead of an ECB meeting. By the close oil majors had gained ground whilst an array of financial and industrial stocks weighed heavily…
FTSE Indices Flying on Chinese Data Hopes
Wednesday, June 3: UK stocks climbed to a three-month highs as investors were encouraged by data from China. Chinese data indicated that the service sector returned to growth in May, bolstering hopes of a faster global rebound from a covid-19 induced slump. The FTSE 100 was 1.10% higher shortly after the open, lifted by travel…
UK Indices Higher on Further Stimulus Hopes
Tuesday, June 2: European markets edged higher at the open, following the gains seen yesterday across Europe. The DAX 30 was closed for a public holiday yesterday but rallied hard as it caught up from yesterday’s optimistic price moves, but was also boosted by news of a bailout package for Germany flag carrier Lufthansa(+3.92%) from…
FTSE 100 Closes Higher as Primark Opens for Business
Monday, June 1: European indices were higher at the open, lifted on hopes of a global recovery post-coronavirus and a sanguine response from the US in response to China’s national security law on Hong Kong . POTUS Trump began the winding down of special treatment for Hong Kong in order to punish China late last…