preview

Key Events That Have Happened Within The Uk And The International Financial Market

Decent Essays
Introduction
In this report it will highlight the key events that have happened within the UK and the international Financial Market during the week starting from 2nd to 8th February 2015. This include main event in the stock market, the developments in foreign exchange markets as well as interest rate and major news in the banking sector.
World stock Market
Market movements
S& P 500 / US equities This week Energy stocks led the higher in volatile trading conditions on Wall Street as equity bulls sought to put a miserable January behind. There have been further gains for crude oil prices and better optimism that hopefully Greece will reach deal to resolve its debt stand-off help the S&P 500 to rise sharply for a second day. New that
…show more content…
The energy sector supported the FSTE 100 with further help by having a 4.5 per cent rise in BT after it finalised the £12.5bn charge of mobile group EE. The FSTE 100 has down from a five-month high with the help of the losses for gold mining stocks as the price of metal fell in the wake of a robust.
Eurofirst 300 / European equities Spanish stocks has political concerns of worries of the anti-austerity Podemos party as there are drawing strength from policies of the new Greek government. The Eurofirst 300 rose back towards seven-year high and Greek stocks leapt 11.3 per cent as a new government softened its stance towards Athens creditors. Also during this week LVMH has an 8.1 per cent rise on the news of a rise in fourth quarter sales which help lift the luxury goods sector, while Greek banking stocks had another positive session. The Greek banks came under heavy selling pressure after the European Central Bank tightened their access to cheap funding, helping drive the Athens market down 3.4 per cent. The current affairs over the uncertainties over Greece have leaded the Eurofirst 300 to end at a seven-year high. With the concern about the US economy and a new rise in oil prices.
Nikkei 225 / Japanese equities
Tokyo market have been undermining with the help of reports of worries over global growth prospects and disappointing national
Get Access