Home Business FTSE 100 LIVE: Global stocks soar after Trump announces promising coronavirus treatment

FTSE 100 LIVE: Global stocks soar after Trump announces promising coronavirus treatment

The announcement from the US FDA of an “emergency use authorization” came on the eve of the Republican National Convention, where Mr Trump will be nominated to lead his party for four more years. E-Mini futures for the S&P500 ESc1 gained 0.3 percent.



MSCI’s broadest index of Asia-Pacific shares outside of Japan .MIAPJ0000PUS jumped 0.65 percent, moving toward a six-month high touched last week.

Japan’s Nikkei .N225 reversed early losses to be last up 0.4 percent. Chinese shares rose too with the blue-chip CSI 300 index .CSI300 adding 0.8 percent.

South Korea’s KOSPI .KS11, which has been on a slippery slope since hitting a more than two-year peak earlier this month, climbed 0.9 percent.


- Advertisement -

FTSE 100 LIVE: Global stocks rose on Monday morning (Image: GETTY)

11.40am update: EU markets soar

Like FTSE, EU markets are rocketing this morning.

Euronext 100, CAC 40, DAX and Swiss Market Index are all considerably up.

Euronext is up 1.99%, CAC is up 2.12%, DAX is up 2.22% and Swiss Market is up 1.12%.

10.15am: Pound drops against euro

The poud sterling has slipped against the euro due to lingering concerns over Brexit.

On Friday, British and European Union negotiators said they had made no real progress in their latest talks.

It means the prospect of a no deal exit is becoming increasingly likely.

- Advertisement -

9.55am update: FTSE surge continues

FTSE’s glorious morning continues as the index climbs and climbs.

FTSE closed at 6,001 yesterday but had soared to 6,072 within just five minutes of open today.

It has since risen further to 6,103.

8.05am update: FTSE soars on open

FTSE has jumped 71 points in just five minutes this morning, a blistering start to the day’s trading.

The index has soared from 6,001 to 6,072 on open.

6.22am update: Global dividend plunge to be worst since financial crisis

- Advertisement -

The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17-23 percent this year or what could be as much $ 400 billion(305.44 billion pounds), a new report has shown.

Global dividend payments plunged $ 108 billion to $ 382 billion in the second quarter of the year, fund manager Janus Henderson has calculated, equating to a 22 percent year-on-year drop which will be the worst since at least 2009.

All regions saw lower payouts except North America, where Canadian payments proved to be resilient. Worldwide, 27 percent of firms cut their dividends, while worst affected Europe saw more than half do so and two thirds of those cancel them outright.

“2020 will see the worst outcome for global dividends since the global financial crisis,” Janus Henderson said in a report published on Monday.

“We now expect headline global dividends to fall 17 percent in a best-case scenario, paying $ 1.18 trillion… Our worst-case scenario could see payouts drop 23 percent to $ 1.10 trillion.”

- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -
%d bloggers like this: