16:02 Thu 03 Jun 2021
FTSE 100 off worst levels but still in the negative as Wall Street slips after strong economic data
The UK blue chip index and US markets under pressure as buoyant service sector figures and strong American jobs market rekindle inflation concerns
FTSE 100 down 44 points
US stocks open lower
4.02pm: US service sector surges
The strong US jobs data has rekindled investors concerns about inflationary pressures, and the idea that central banks might have to ease their support for the economy as a consequence. Which would mean, among other things, a rise in interest rates.
Adding to the signs of a strong US economy was the latest service sector survey.
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF) has announced the publication of research validating the ability of its xB3 platform to cross the intact blood-brain barrier (BBB) and its localization in a variety of brain cell types. The company said research shows that the xB3 platform can cross intact BBB and enter intracellular organelles within neurons, glia and microglia in the brain. It said the data from a study published on June 2 in the Frontiers in Neuroscience provide evidence for the utility of xB3 peptide (previously known as MTfpep) as a platform technology for delivery of recombinant and chemically conjugated drug across the BBB.
Dow fails to eke out a winning day; tech struggles bog down Nasdaq
The latest set of jobless claims showed that the number of Americans filing for unemployment benefits fell below 400,000 for the first time since the start of the pandemic, while figures from payrolls operator ADP showed that 978,000 new private sector jobs were created in May, ahead of forecasts of 650,000
4:10pm: AMC traders head for the exits
The Dow closed Thursday down 23 points to 34,577. The Nasdaq fared worse, losing 142 points, 1%, to 13,615, while the S&P 500 dropped 15 points, 0.4%, to 4,193.
Helping the Dow salvage a relatively better day were Merck & Co Inc (NYSE:MRK) and Dow Inc (NYSE:DOW), both of which saw share price gains of more than 2%.
NA Proactive news snapshot: TechX Technologies, Binovi Technologies, Versus Systems, Organic Garage, NEXE Innovations UPDATE …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
TechX Technologies Inc (CSE:TECX) has entered into a debt settlement agreement pursuant to which the company has agreed to issue 164,062 common shares at a deemed price of $0.64 per share, to settle indebtedness of $105,000. All securities issued in this transaction are subject to a statutory four-month-and-one-day hold period.
Binovi Technologies Corp (CVE:VISN) said that the TSX Venture Exchange has accepted for filing the company s proposal to issue 305,197 shares at 6.5 cents per share to settle outstanding debt for $19,837.81.
FTSE 100 ends virtually flat despite Rolls-Royce surge, but Wall Street higher
Companies
FTSE 100 ends virtually flat despite Rolls-Royce surge, but Wall Street higher
The UK blue chip index couldn t make headway but US markets have been buoyed by better than expected jobless claims data and unchanged US GDP readings
FTSE 100 closes 7 points lower
Miners climb on BHP strike
US stocks move higher
5.10pm: US markets besting the FTSE thus far
The FTSE 100 ended down 7 points, 0.1%, at 7,020, while the FTSE 250 added 19 points, less than 0.1%, to 22,659. Another largely uninspiring day on the markets today, with European markets stuck in neutral gear waiting for a fresh driver of sentiment, IG Senior Market Analyst Joshua Mahony wrote. With the VIX closing in on levels not seen since the pandemic began, there is undoubtably a lack of any particular conviction despite ongoing improvements in the US economic front.