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Thursday 29 October 2020
The plunge extended a sell-off that has wiped out most of Wall Street’s gains since Trump’s election.
In early trading, more than £140 billion was wiped off FTSE 100 companies.
The controversial CEO says he’s considering taking the company private.
Everybody’s worried about China.
A former top UK government adviser has some dire predictions for the global economy.
Today was ‘black Monday’ for Asian stocks – and Ireland wasn’t immune from the fallout.
The story of “one of the most intricate and sophisticated trading rings” in history.
In their excitement to get their hands on a piece of Twitter, investors bought over 11 million shares in a company that has been bankrupt for six years.
European markets have all recorded modest gains, apparently in expectation of a deal to lend Greece the cash it needs.
Euro trading lower against US dollar.
The social network debuted at $38 a share two weeks ago.
“This should have been a blockbuster. This should have traded to $60 or $70.”
Investors are also enthused by suggestions that Greece will recapitalise four of its major banks later this week.
Throughout the first day of trading, Facebook shares never dipped below $38. This chart shows why.
Spain paid a higher interest rate on the short-term bonds as markets have reacted badly to the ongoing uncertainty in Greece and the wider eurozone.
Will today’s solid performances be a good omen for the rest of the year? Investors will hope so.
European banks deposited a record €412 billion with the ECB overnight – showing that banks are worried about loaning money to each other.
Investor concerns about the stability of the eurozone have yet to be allayed by EU moves to strengthen the currency’s support system…
Buoyant upon initial news of the deal last week, the markets were not so happy today…
Relief all round….
The ECB, US Federal Reserve and central banks in Japan, Swizterland, Canada and Britain are backing a move to make it easier for banks to access dollars if they need to.
Mario Monti’s designation as prime minister appears to soothe investors, who are lowering the interest rate Italy must pay for loans.
Catch up on the day’s main stories, as well as the bits and pieces you may have missed…
Will the ECB step in tomorrow or try to wait things out?
The markets are looking a little better today.
Reports this morning that France and Germany are considering a radical restructuring of the eurozone amid uncertainty in Italy and Greece.
He survived more than 50 confidence votes but the end is nigh for the 75-year-old.
So what does that mean?
European stock markets had recorded sharp gains when they opened, but have since lost them and are broadly flat.
Christine Lagarde says there’s a “crisis of confidence”. No kidding: markets are slipping while borrowing costs are back on the up.
Concerns over US economic recovery and the eurozone debt crisis are bringing the markets down.
If the world’s markets move like the Tel Aviv Stock Exchange did today, it’ll be another few chaotic days for investors…
The Dow Jones ends its day deep in the red, as the S&P loses 6.6 per cent and the NASDAQ sheds nearly 7 per cent of its value.
5 stories, 5 minutes, 5 o’clock.
The US bond market responds brilliantly to the S&P downgrade, but the world’s stock markets are the obvious victims.
Berlusconi and Sarkozy have agreed that the meeting should happen in the coming days.
It’s fine, though: Carlos Slim and his family are still worth €46.5bn – the equivalent of 4.5 per cent of Mexico’s total economic output.
5 stories, 5 minutes, 5 o’clock.
Here’s everything you need to know about today’s worldwide fall on stock exchanges.
Nine things to know this morning…
MEMBERS OF THE Association of Secondary Teachers in Ireland (ASTI) yesterday voted to take industrial action unless the government addresses several issues related to Covid-19 in schools by 30 October.
The issues in question include the need for a comprehensive testing programme, rapid testing and turnaround times, along with resources for schools to ensure continuation of learning if schools are closed or people are self-isolating.
The ASTI president Ann Piggott said: “ASTI members are clearly stating that they want schools to remain open for students during this pandemic.”
She said teachers are “demanding that the government step up” and provide solutions to these issues.
So, today we want to know: Would you support teachers striking over Covid-19 safety concerns?
Poll Results:
Share your story: voices@thejournal.ie
The goalposts – and polling analysis – have shifted since 2016, Noel Rock writes.
Rain tapering off; breezy this afternoon
Max: 15 °C
Min: 10 °C
Mostly cloudy with a couple of showers
Max: 12 °C
Min: 9 °C
Rather cloudy, a little rain; windy
Max: 13 °C
Min: 7 °C
