Saturday, 25th February 2017

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London close: FTSE 100 dragged down by banks and miners

Fri 24th Feb 17, 17:18:34

Andrew Schonberg

(ShareCast News) - Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Chartered, among other stocks reporting.

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FX round-up: Sterling endures torrid Friday as traders head for safe-haven gold

(ShareCast News) - Sterling had a torrid time on key crosses Friday with traders buying defensive assets such as gold on concerns about Europe's political unease, and worries about the economic impact of Brexit. 15 hours ago

Europe close: Stocks turn lower on investor caution, heightened political risk

(ShareCast News) - European stocks retreated on Friday, weighed down by a broad pull-back in risk apettite globally ahead of a key speech from US president Donald Trump in the following week. 17 hours ago

Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable

(ShareCast News) - President Donald Trump told the Conservative Political Action Conference he would "massively" lower taxes for America's middle classes as well as trimming business taxes, while also pledging to begin undoing his predecessor's 'Obamacare' healthcare laws in coming months. 17 hours ago

Mexican current account deficit narrows further in fourth quarter 2016

(ShareCast News) - Mexico's current account deficit narrowed over the last three months of 2016 on strength in manufacturing, but risks were on the rise, economists said. 16 hours ago

AstraZeneca receives positive CHMP recommendation for hyperkalaemia drug

(ShareCast News) - AstraZeneca has received a positive recommendation for its treatment of a condition caused by cardiovascular, renal and metabolic diseases. 18 hours ago

Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

(ShareCast News) - Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could face structural headwinds in 2017. 18 hours ago

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