UK services PMI rises but activity remains in contraction
On July 3, 2020 by Thomas BelaynehFigures released this morning from IHS Markit’s UK Services PMI showed that whilst this month’s report posted a significantly higher reading than May’s report of 29, it remained below the no-change in activity threshold of 50. This latest release is the highest that the UK Services PMI has been in four months at 47.1, although
FTSE 100 rises as investors exude confidence in US containment measures
On June 29, 2020 by Thomas BelaynehThe FTSE 100 rose 1.08% as Florida and Texas rowed back reopening measures following surges in coronavirus cases. This follows recent announcements from Florida, Texas and Arizona that they would pause their reopening plans. Investors welcomed further steps taken by the US states of Florida and Texas to stem record surges in covid-19 cases, as
UK stocks continue march higher as Brexit negotiations loom
On June 2, 2020 by Thomas BelaynehBy Thomas Belayneh The FTSE 100 closed up 0.87% as optimism for a swift economic recovery continues to build and infection rates remain rooted at multi-week lows. This was despite news yesterday that Gilead Science’s phase 3 clinical trials of remdesivir showed no statistically significant improvement for covid-19 patients taking a 10-day course of the