ADVFN Daily News

London open: FTSE edges up but gains muted amid recession fears London stocks edged higher in early trade on Wednesday but gains were unspectacular as recession fears weighed. At 0830 BST, the FTSE 100 was up 0.2% at 7,646.57. Richard Hunter, head of markets at Interactive Investor, said: “Markets are drifting as investor thoughts start to […]

London open: Stocks gain; RBA pauses rate hikes London stocks rose in early trade on Tuesday following mixed sessions in the US and Asia, as investors mulled the latest policy announcement from the Reserve Bank of Australia. At 0825 BST, the FTSE 100 was up 0.6% at 7,722.37. Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, […]

London open: BP, Shell pace gains as oil surges on OPEC+ cut London stocks rose in early trade on Monday, underpinned by surging oil prices. At 0820 BST, the FTSE 100 was up 0.6% at 7,676.69. Over the weekend, OPEC+ unexpectedly announced it would cut output by 1.1m barrels a day from next month, sending […]

London open: Stocks nudge up as UK GDP revised higher London stocks nudged higher in early trade on Friday following positive US and Asian sessions, as investors mulled an upward revision to UK GDP figures and looked ahead to key US inflation data. At 0830 BST, the FTSE 100 was up 0.1% at 7,630.98. Data […]

London open: Stocks edge up as attention shifts to US data London stocks edged higher in early trade on Thursday as investors shifted their attention to upcoming US data releases. At 0830 BST, the FTSE 100 was up 0.3% at 7,588.02. CMC Markets analyst Michael Hewson said: “The next few days are likely to be a […]

London open: Stocks rise but Next slides on cautious outlook London stocks rose in early trade on Wednesday as worries about the banking sector continued to recede, but Next tumbled as it struck a cautious note on its outlook. At 0840 BST, the FTSE 100 was 0.3% firmer at 7,503.49. Susannah Streeter, head of money and markets […]

John McAfee said in 2017 that Bitcoin would be worth $1 million by 2020. Subsequently, Bitcoin only managed to surpass the $30,000 price mark. Also, Chamath Palihapitiya predicted that Bitcoin will be worth $1 million in 20 years (in 2047). Likewise, Harold Burger said BTC can’t be worth $1 million before 2028 and not after […]

London open: Stocks gain as bank sector fears ease; Ocado rallies London stocks gained in early trade on Tuesday as worries about the banking sector continued to ease. At 0830 BST, the FTSE 100 was up 0.6% at 7,516.76. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “A relief ripple is helping stocks […]

London open: FTSE gains as bank shares recover London stocks rose in early trade on Monday, with banks pacing the advance following heavy losses at the end of last week. At 0830 BST, the FTSE 100 was up 1.1% at 7,483.23. Sentiment got a boost after First Citizens Bank agreed to buy the deposits and loans of […]

DeFi is a platform or website that provides non-centralized financial services such as investing, trading, borrowing, lending, tokenized real estate, and insurance. Financial institutions such as banks normally act as an intermediary between banks and users, with the aim of just managing the money during centralized financial interactions. However, the blockchain has enabled financial...