The pound gained ground against its main rivals on Wednesday (5 April), boosted by a report that showed Britain’s services sector grew at the fastest pace in three months in March.
The upcoming meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday (April 6) has not substantially shook up Asian markets, which have remained relatively flat at midday trading hours.
Oil futures came under renewed pressure on Monday (4 April) on news of a rebound in production in war-torn Libya, which countered market chatter in favour of Opec extending its production cut by another six months from June.
Gold futures were on the up on 4 April as worries over the French election, President Donald Trump’s current inability to set the US legislative agenda, and concerns over Brexit brought safe-haven investors out in force as the dollar weakened.
While stock markets across China, Hong Kong and India were closed on Tuesday (4 April), the rest of the Asian markets were in the red, ahead of the meeting between US President Donald Trump and Chinese President Xi Jinping.
Blue chip shares made modest gains, shrugging off disappointing construction data, which suggests the British economy is slowing down.
The pound slid on Tuesday (4 April) after a report showed Britain’s construction sector recorded an unexpected slowdown last month.
Investors everywhere are trying to determine whether the wave of populism that engulfed the UK and US in 2016 will spread to mainland Europe in 2017.
When oil giant BP agreed to sell its strategic Forties Pipeline System (FPS) for $250m (£200m) to privately-held energy and petrochemicals firm Ineos, the billionaire tycoon Jim Ratcliffe, who founded the independent upstart buying the iconic piece of oil and gas infrastructure, anointed himself the new King of Scotland unwittingly or not.
Markets in America fell slightly on the first day of the new quarter as doubts over faith in US President Donald Trump continue to sharpen.