Market moving daily news roundup – events & news likely to move markets 8th August 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
This post is ongoing
Market moving news roundup, 8th August 2019
Summary
Asian markets
China exports unexpectedly rise in July. Asian markets climb. China’s yuan strengthens. Japan’s Nikkei index closed up at: 20,593
Company reports update
UK – Cineworld posts drop in attendance, see data here.
UK – The Co-operative bank losses narrow – bank under pressure in highly competitive mortgage market.
UK – Funding Circle losses widen but revenue climbs. The company allows people to lend money to small businesses.
U.S. – Robinhood the popular commission free stock trading app receives FCA approval for UK launch.
Profits fall at Savills Plc – Brexit chaos is blamed.
AA is OK – shares up after improving member numbers.
Gold price drops back
The value of gold lost ground as investors appear to gain more confidence in equities again. Gold is perceived as a safe haven for investors. Gold price per ounce at 14:30 BST on 8th August 2019 was around $1,494 down from a high yesterday of $1,510
This has much to do with the value of the yuan, which is more stable today. Investors appear to be less spooked, at least for the time being?