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12/09/2001
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
As expected when trading resumed on the London Stock exchange the early trading was frantic as a severely depressed stock market saw first a dive and then a slow recovery due to bottom feeding.
There were still concerns that consumer confidence, vital to continued economic success, would be hit by the events of Tuesday.
The FTSE closed down 287 points on Tuesday, bottoming out at 4746. The day’s trading saw the largest one-day fall since the market crash in 1987, wiping £67 billion of share values.
Analysts warned cautiously that the full extent of the stock markets problems would not become apparent until the New York Stock Exchange re-opened. Trading on Wall Street is not expected to resume until at least Friday, but many consider that it is unlikely to re-open before Monday.
Currency traders have been asked by the US Federal Reserve to curtail trading on the dollar in a highly charged and volatile market.
World banks have vowed to maintain liquidity of the world’s financial operations amid fears that large transactions may be stalled due to cash-flow stagnation.
Traders at the London Stock Exchange observed a one-minute silence as a mark of respect for the thousands of people who lost their lives in the attack on the World Trade Center.
The major financial trade centre housed many of New York’s leading financial companies and top financial institutions.
Some companies are reported to have lost virtually all records and files for their American operations, and it will be many weeks before the full impact of this destruction becomes apparent. (SP)
As expected when trading resumed on the London Stock exchange the early trading was frantic as a severely depressed stock market saw first a dive and then a slow recovery due to bottom feeding.
There were still concerns that consumer confidence, vital to continued economic success, would be hit by the events of Tuesday.
The FTSE closed down 287 points on Tuesday, bottoming out at 4746. The day’s trading saw the largest one-day fall since the market crash in 1987, wiping £67 billion of share values.
Analysts warned cautiously that the full extent of the stock markets problems would not become apparent until the New York Stock Exchange re-opened. Trading on Wall Street is not expected to resume until at least Friday, but many consider that it is unlikely to re-open before Monday.
Currency traders have been asked by the US Federal Reserve to curtail trading on the dollar in a highly charged and volatile market.
World banks have vowed to maintain liquidity of the world’s financial operations amid fears that large transactions may be stalled due to cash-flow stagnation.
Traders at the London Stock Exchange observed a one-minute silence as a mark of respect for the thousands of people who lost their lives in the attack on the World Trade Center.
The major financial trade centre housed many of New York’s leading financial companies and top financial institutions.
Some companies are reported to have lost virtually all records and files for their American operations, and it will be many weeks before the full impact of this destruction becomes apparent. (SP)
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07 September 2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
21 September 2001
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
10 September 2001
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
12 June 2002
Stock gloom brightens euro trading
The euro has climbed to an 18-month high against the US dollar as concern grows about the state of the US economy. With US stocks in decline heavy share trading on Tuesday ended with markets again depressed at fears over continued downward profit forecasts and extended lead times for a sustained recovery in the US economy.
Stock gloom brightens euro trading
The euro has climbed to an 18-month high against the US dollar as concern grows about the state of the US economy. With US stocks in decline heavy share trading on Tuesday ended with markets again depressed at fears over continued downward profit forecasts and extended lead times for a sustained recovery in the US economy.
02 February 2004
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
