Financial news and actionable analysis
Boohoo share price is having its worst week ever. The shares of the fast fashion group are down by almost 20% today, a day after it dropped by more than a third. The stock is now down by more than 50% in the past three days. So, is Boohoo stock price now a buy?
The FTSE 100 index is wavering today as traders brace for a round of trading updates from its constituent companies. The index is trading at £6200, which is slightly higher than the intraday low of £6129. The index has done better than other European indices like the DAX index and CAC 40 that have dropped by more than 0.50%.
HSBC share price is down by more than 3.62% today, becoming the worst-performing stock in the FTSE 100. The shares are trading at 381p and is now down for two days in a row. The FTSE 100, on the other hand, is down by 0.14% while the DAX index is down by 0.30%.
The DAX index is down by 0.70% today as worries of global growth remained. The weakness in the DAX and other European stocks followed a relatively successful session in Asia. In China, the Shanghai composite index rose to its highest level since 2018 while the Hang Seng index rose by more than 0.40%. Other indices in Europe are in the red also, with the CAC 40 and FTSE 100 falling by 0.85% and 0.60% respectively.
The Nikkei 225 is down by more than 0.67% today as traders remain concerned about the rising number of coronavirus cases. They are also worried about the weak household spending data from Japan and the sharp decline of the account surplus. The index is trading at ¥22,472, which is along […]
Copper price declined by more than 0.86% today as traders continued to worry about the rising number of coronavirus cases. The metal is trading at $2.7477, which is slightly below the day’s high of $2.7766. Other metals have declined too, with gold, silver, and palladium down by 0.52%, 1.26%, and 0.90% respectively.
The Dow Jones is down by almost 1% in the futures market as traders react to the rising number of coronavirus cases. Other global indices in Asia and Europe also declined. The DAX index declined by more than 1.10% while the FTSE 100 index fell by 1.32%. Coronavirus worries remain […]
The US dollar index (DXY) rose by more than 40 basis points after sliding sharply yesterday. This gain is mostly because of risk aversion as the number of coronavirus cases continue to rise in key countries. The US dollar has gained against all currencies in the index, including the Japanese yen, euro, and sterling.
The GBPUSD pair is ticking lower today as traders reflect on the happenings in the global market. The pair is trading at 1.2470, which is lower than its highest point at 1.2517. Meanwhile, the US dollar index is up by 0.40% while the pound index is unchanged. Therefore, the reason […]
Whitbread share price is down by more than 4%, becoming the worst-performing stock in the FTSE 100. Other laggards in the index are Compass Group, 3i Group, Informa, Smith, and HSBC Holdings. Like the DAX index, the FTSE 100 is down by almost 1%. Whitbread’s stock is dropping after reporting weak Q1 update. It is trading at 2,339p.
