There was a sharp escalation of no-deal Brexit rhetoric on Friday, after the prime minister said the UK should get ready to end its transition period at the end of the year without a trade deal. Using pointed language, he said the discussions are over
Last week began with President Trump being helicoptered back to the White House, after his discharge from hospital on Monday. After contracting COVID-19, the president spent just a few days in hospital before returning to work – attracting criticism for potentially doing so while still
“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!”So tweeted Donald Trump on Friday, just one month before the US goes to the polls to elect its next president. Stock markets
There have been plenty of landmark political speeches in the past few months, and last week provided another big one. It came in the form of the chancellor’s Winter Economy Plan, which Rishi Sunak gave after the Treasury scrapped the usual Autumn Budget in favour
A statement by the Federal Reserve, the US central bank, was the biggest driver of markets last week – mostly for what it didn’t say. Although the bank confirmed that it will hold interest rates at their very low levels until the end of 2023,
US equities steadied last week after their recent fall, which had been prompted by a decline in the share prices of some large technology companies. The fall hasn’t led to a wider sell-off in other markets, and it's also smaller than the large drop in
The share prices of big US technology companies ended their record-breaking run last week. On Thursday, the Nasdaq stock index, which is heavy with US tech companies, dropped almost 5% after months of remarkable gains – and fell further on Friday. The sharp reversal had a
Shaking off their losses from earlier this year, global stocks reached a record high last week. The FTSE All-World index rose to its highest-ever level, recording the best August for global stocks in decades. It’s important to note that the recovery in share prices isn’t evenly spread.
“There is a sense of waiting for markets to come back to life at the start of September,” wrote Mark Dowding of BlueBay Asset Management, co-manager of the St. James’s Place Strategic Income fund, after a relatively quiet week in global markets.The quiet week may reflect investor
British holidaymakers in France got some bad news last week, when the government said anyone not back before Saturday morning would have to quarantine for two weeks.The decision left thousands of people scrambling to book the last remaining tickets out of the country, adding to
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