Heavyweight U.K. banks weigh on FTSE 100

2019-01-22

The FTSE 100 struggled on Tuesday, as the London banking sector came under pressure after earnings from Swiss bank UBS Group AG fell short of analysts’ expectations. Energy stocks were also weaker as oil prices fell on continued concerns about global growth, most recently sparked by a warning from theRead More →

Oil sinks on China slowdown fears; natural gas surges 5%

2019-01-17

Oil futures declined sharply Thursday, tracking lower moves in most global equity benchmarks, as fear of a China-led demand slowdown gripped investors. West Texas Intermediate crude for February delivery CLG9, -1.87%  fell $1.16, or 2.2%, to $51.15 a barrel on the New York Mercantile Exchange, a day after posting aRead More →

European markets drop as SocGen warns on Q4 revenues

2019-01-17

European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forwardRead More →

British pound volatile as Brexit-vote day arrives

2019-01-15

The British pound bounced around Tuesday, briefly pushing to pushing to levels not seen since mid-November, hours ahead of a crucial vote on an exit plan for the U.K. to leave the European Union. Giving up most of an earlier lead, sterling GBPUSD, -0.0466% last bought $1.2874, slightly higher thanRead More →