Fears over the scale of crisis that Donald Trump’s presidency faces hung over markets on Thursday, with European stocks weaker and those in the US expected to open lower following their worst one-day drop since September. The Stoxx Europe 600, the region’s benchmark, was down 0.8 per cent in mid-session trade while futures suggest the S&P 500 will slip by 3 points to 2.354 when Wall Street […]
Thursday 10:45 BST What you need to know ● Europe and Asia bourses soft after Wall Street sell-off● Futures signal more losses for Wall Street● Dollar finds its footing but pound jumps above $1.30● Yen, gold and Treasuries firm as traders again seek havens ● Brent crude slips back towards $52 a barrel——————- Hot topic US equity futures are weaker while haven assets are again in demand, […]
Here is a selection of five charts that FT Markets believes are worth watching. A fresh chart will be added on a regular basis. 1. Wall Street hit by biggest slide since November US stocks suffered their worst trading day in eight months on Wednesday after political turmoil in Washington shook investors, with some fearing President Donald Trump’s ability to push through his pro-growth policies has been […]
By Shinichi Saoshiro | TOKYO TOKYO Asian stocks fell on Thursday and the dollar was stuck near six-month lows against a basket of currencies as uncertainty mounted over U.S. President Donald Trump’s future following reports that he tried to interfere with a federal investigation. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent. Japan’s Nikkei shed 1.5 percent, Australian shares lost 1.2 percent and South […]
Call it the Trump fade? The so-called Trump trade captivated Wall Street after the surprise election of Donald Trump last November. After years of stagnant economic growth in the wake of the financial crisis, the prospect of Mr Trump’s pro-business agenda, combined with Republican control of both executive and legislative branches of the US government, breathed new life into the ageing equity rally, sent the dollar to […]
This time, the day’s big Trump-Russia-Comey news waited until around 6:00 to break. Former FBI director Robert Mueller has been selected by the US Justice Department to serve as special counsel to oversee the investigation into alleged Russian interference in the 2016 US presidential election. Rod Rosenstein, the US deputy attorney general, said on Wednesday that he had determined it was in the “public interest” to appoint […]
The welcome Traffic is terrible when I leave the airport, but half an hour into the drive, the pretty side of Prague starts to emerge, a show that’s continued until I’m in the vibrant lobby of the hotel, on a quiet side street. There’s enough time to drink a tall glass of juice as forms are filled in, passports scanned and keys handed over. These keys, by […]
UNITED NATIONS U.S. Ambassador to the United Nations Nikki Haley said on Wednesday she will visit Turkey and Jordan from May 19-25 to see how Syrian refugees “are coping, day in and day out,” to see U.N. humanitarian work and highlight the U.S. aid response. It will be the first overseas trip by Haley, a member of President Donald Trump’s cabinet, and follows a bid by Trump […]
US stocks were on track for their worst session for eight months on fears that US President Donald Trump’s ability to push through his pro-growth policies will be sidelined by deepening political controversy. The Wall Street benchmark fell 1.3 per cent to 2,369 on Wednesday, shedding all its gains for May, with financial stocks the worst hit as the S&P banks index retreated 3.8 per cent. Shares […]
By Yashaswini Swamynathan The S&P 500 and the Dow were headed for their worst day in more than eight months as reports of a leaked memo by former FBI chief James Comey spooked investors, raising questions about whether President Donald Trump tried to interfere with a federal investigation. Trump asked Comey to end a probe into former National Security Adviser Michael Flynn’s ties with Russia, according to […]
By Ahmed Rasheed | BAGHDAD BAGHDAD Islamic State militants are planting bombs near front doors in Mosul to prevent civilians leaving, a federal police commander and witnesses said on Wednesday, as Iraqi forces make their final push against the jihadists after seven months of fighting. Trapped in a shrinking area of the city, the militants are increasingly using the several hundred thousand civilians under their control as […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A few more Americans now know H.R. McMaster, who resembles an aging Mr. Clean with horn-rimmed glasses. But they don’t know him nearly as well as Tom Ricks. His journalism experience reveals a distinct reason to doubt McMaster’s defense of […]
● Trump controversies rattle nerves● Dollar index hits fresh six-month low● S&P 500 futures slide, dragging down other equity benchmarks● Yen, gold and Treasury prices rise as traders seek havens● Oil relapses after strong rally The dollar is sliding to six-month low and US equity futures are in retreat as investors fret that president Donald Trump’s ability to push through his mooted pro-growth policies is under threat. […]
Stocks markets suffered in Asia as oil prices gave up recent gains and Japan’s yen rallied following a lukewarm lead-in from Wall Street and more political tumult from Washington. Tokyo’s Topix index was down 0.6 per cent as equities suffered from a firmer yen and energy stocks fell 2 per cent on slipping oil prices. The Nikkei 225 was down 0.7 per cent as well, further diminishing […]
Capsule, a New York-based pharmacy delivery startup, has raised $20 million from Thrive Capital, founder Eric Kinariwala told TechCrunch editor Jordan Crook on stage today at Disrupt NY. The raise was first noted in the Wall Street Journal but Kinariwala came on stage today during our Founders Spotlight portion of the event to chat about his plans to cut out third-parties and streamline the supply chain to lower costs […]
By Yashaswini Swamynathan The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks. As the first-quarter earnings season wraps up, investors’ attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations. Investors were wary after reports that President Donald Trump disclosed highly […]
By David Shepardson and Nick Carey | WASHINGTON/DETROIT WASHINGTON/DETROIT Ford Motor Co (F.N) plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday. A person briefed on the plan said Ford plans to offer generous early retirement incentives to reduce its […]
By Ian Simpson | WASHINGTON WASHINGTON Codes to gain access to United Airlines cockpits may have been made public, the carrier said on Monday, but it stopped short of confirming a report that a flight attendant inadvertently published the codes online in a potential threat to air security. The airline still could keep its flight decks secure through other measures, Maddie King, a spokeswoman for United Continental […]
ABU DHABI // Sheikh Mohammed Bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Mr Trump’s press secretary, Sean Spicer, said the agreement, which was concluded “recently”, would allow the UAE and United States “to work more closely together to address common security threats”. “The [US] president hopes to work together even […]
From the founding fathers through John F. Kennedy and Bill Clinton, American politicians have indulged in extramarital affairs with slaves, movie stars, sisters-in-law and interns. But, in large part because of the press, the American public still reacts to political sex scandals as if they were completely unheard of. Americans remain shocked by these events, I believe, in large part because our perception has been shaped more […]
The US dollar came under pressure on Friday morning, with investors eyeing a duo of disappointing reports on the American economy. The buck was recently down by 0.44 per cent against the euro at $1.0909, while it was flat against sterling at $1.2878, having earlier traded as strong as $1.2845. Meanwhile, the greenback declined 0.34 per cent against the Japanese yen to ¥113.48. Friday’s performance came after […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Washington was convulsed last night by icy nastiness, harsh language and people crying foul. Oh, that was the deciding game in a hockey playoff between the historically hard-luck Washington Capitals and Pittsburgh Penguins, just one of three major sports distractions […]
Investors wiped $4.6bn from the market value of the US department store sector in the space of two days this week, as concern mounted about sliding sales and the effects of online competition. The consequences are spilling into the real estate and derivatives markets, and the latest bad news has intensified the focus on the sector ahead of more earnings reports from retail heavyweights next week. Five […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It’s unclear where to start with President Trump’s interview with NBC’s Lester Holt that left the White House second-string spokesperson on a precipice better associated with the Flying Wallendas. “Trump’s account flatly contradicts the White House’s initial account of how […]
