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European stock

Markets extend rally on recovery hopes

Markets extend rally on recovery hopes

  • Sterling leapt to $1.3914, which was the highest point since April 2018, while the euro sank to 87.240 pence, a level last seen last May.
Published 15 Feb, 2021 08:45pm
Shares reach record high, oil tops $60 a barrel
Markets

Shares reach record high, oil tops $60 a barrel

  • MSCI all-country world share index at record high
  • European indexes climb early on, US futures gain
  • Oil crosses $60 a barrel
  • Hopes of $1.9 trln US stimulus, vaccines boosting sentiment
  • US dollar retreats from recent highs
Published 08 Feb, 2021 06:09pm
Europe's 'long the short' trade cools down
Markets

Europe's 'long the short' trade cools down

  • That so-called "long the short" trade - or buying shares that hedge funds had shorted - was copied in other stocks across the world.
  • Germany's Evotec, for example, has seen its shares fall about 25% from last Wednesday's high.
Published 01 Feb, 2021 08:59pm