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.
Mortgage applications in the U.S.
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.
Yahoo, following its $4.5 billion acquisition by Verizon, will be merged with the Internet company with AOL under a new division called Oath, reports said.
After moving modestly lower over the two previous sessions, stocks showed a lack of direction throughout the trading day on Tuesday.
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.
House Speaker Paul Ryan, R-Wis., said Tuesday talks about reviving the Republican bill to repeal and replace Obamacare are ongoing but noted that the discussions are in the conceptual stage.
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.
After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Tuesday.