Market News & Analysis
Chinese manufacturing data boost European markets
Fiona Cincotta November 1, 2019 6:09 PM
No more bets
In the UK all bets are off. Literally. The lead riser on the FTSE today is betting specialist Flutter Entertainment, previously known as Paddy Power, trading up 3%. Flutter had to stop taking bets on who would win the UK election in December after odds for the opposition leader crashed from 1/5 to 1/25.
And oil keeps flowing …
News that Saudi Arabia managed to raise its crude oil production only a day after the US Energy Information Administration reported a large build up in domestic weekly stocks has pushed oil prices back below $60 in one of the sharpest weekly declines. Doubts over whether the US and China will be able to hold talks in November as was initially planned are also putting pressure on oil, casting doubt over future Chinese demand growth.
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