Market News & Analysis
FTSE slides on Asia, Wall Street cues
Fiona Cincotta April 18, 2019 7:42 PM
Farage’s Brexit party in the lead for European elections
In a development that must have European leaders eating their hats, Nigel Farage’s Brexit party has surged in the polls as the clear leader to win in European elections. The party which was only formed in January, has overtaken Labour, Conservatives and UKIP as the likely winner. Whether related or not, the pound, which has been the barometer of all things Brexit, is nudging lower against the dollar this morning, heading for the $1.300 line.
Pinterest IPOs at $19 a share
Showing that investors’ appetite for tech stocks is not abating, social media site Pinterest IPOed in New York yesterday at a price of $19 a share, up from an initial range of $15 to $17. The site, which operates mainly based on picture postings, has managed to raise $1.43 billion in its IPO offering and will start trading on the New York Stock Exchange later Thursday.
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