Britain's FTSE 100 .FTSE index is seen opening 44 points higher at 6,224, on Wednesday, according to financial bookmakers, with futures FFIc1 up 1% ahead of cash markets open.
British fashion brand Burberry said on Wednesday that demand was severely impacted by COVID-19 in the first quarter, with comparable sales falling 45%, although the decline eased to 20% in June driven by growth in mainland China and South Korea.
British fashion brand Burberry said on Wednesday that demand was severely impacted by COVID-19 in the first quarter, with comparable sales falling 45%, although the decline eased to 20% in June driven by growth in mainland China and South Korea.
China and Hong Kong shares fell on Wednesday on deepening worries about Sino-U.S. decoupling after President Trump signed a bill that would penalize banks doing business with Chinese officials who implement the new security law.
BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.
Hedge funds are starting to buy into the rally in copper, which continues to build upside momentum. London Metal Exchange (LME) copper hit a two-year high of $6,633 per tonne on Monday. At a current $6,490, it is now up 5% on levels at the start of the year, having clawed back all its COVID-19 losses.
PVH Corp said on Tuesday it would cut 450 jobs in North America and shutter 162 retail stores of its business that houses brands such as Van Heusen and IZOD, as the coronavirus crisis wreaks havoc on the apparel industry.
Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc, Netflix Inc and Tesla Inc, even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.
The U.N.'s highest court for disputes between countries sided with Qatar on Tuesday in its legal fight with several Gulf states that imposed an air blockade against Doha.
Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Russian aluminium giant Rusal has asked the board of Norilsk Nickel (Nornickel), in which it has a major stake, to change its management and overhaul its environmental policies after a fuel spill in Siberia.
British airline Virgin Atlantic said on Tuesday it had agreed a private-only rescue deal with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus crisis.
Ryanair on Tuesday announced it was cutting 1,000 flights serving its home Irish market in August and September, citing a 14-day quarantine it said was doing "unrecoverable damage" to the country's tourist industry.
Hedge funds are starting to buy into the rally in copper, which continues to build upside momentum. London Metal Exchange (LME) copper hit a two-year high of $6,633 per tonne on Monday. At a current $6,490, it is now up 5% on levels at the start of the year, having clawed back all its COVID-19 losses.
British airline Virgin Atlantic said on Tuesday it had agreed a private-only restructuring package with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus crisis.