Allianz vows to stop insuring Arctic oil and gas projects April 29, 2022 Insurance giant Allianz has said it will stop insuring Arctic oil and gas fields by the middle of next year. The German multinational, which is one of the biggest oil and gas sector insurers in the world, vowed to stop insuring new oil and gas fields, oil powerplants, and oil pipelines in the Arctic by [...]
1 Minute Market Rundown – 29th April 2022 April 29, 2022 | City Talk Risk Stages a FightbackCrypto ConsolidatesUSD at a Crossroads…(We Think) Yesterday saw another significant round of USD buying as month end is upon us. For those who watch price action closely, the final leg higher in the USD yesterday could actually signify a short term high has been put in place. This all came despite the [...]
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
UK high street lenders whipsaw on muddled day of trading in the City April 27, 2022 The UK’s biggest high street lenders whipsawed in the City today after giving up morning gains that initially boosted London’s top indexes. The capital’s premier FTSE 100 index closed 0.53 per cent higher at 7,425.61 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped [...]
How technology is transforming and unlocking real-estate asset classes April 27, 2022 | City Talk The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 | City Talk Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
1 Minute Market Rundown – 26th April 2022 April 26, 2022 | City Talk Risk Stages a Comeback into the US CloseCrypto ReboundsSterling and Euro Continue to Look Vulnerable As you finished work yesterday you would have been forgiven for expecting risk markets to remain offered following what could only be described as a horrid day for markets. China’s ‘zero covid’ strategy as well as concerns over inflation weighed [...]
China zero-Covid policy sends chill through global markets April 25, 2022 Anxiety over the spillover effects on the global economy of China plunging more of its largest cities into lockdown as it ploughs ahead with its zero-Covid policy sent global markets tumbling today. A surge in infections has increased the likelihood of authorities tipping more cities into the most onerous Covid-19 restrictions, including China’s capital Beijing. [...]
Surging inflation and escalating lockdowns in China hit oil prices April 25, 2022 Oil prices have plummeted a further five percent, to their lowest levels in almost two weeks, compounding last week's heavy declines.
1 Minute Market Rundown – 25th April 2022 April 25, 2022 | City Talk Risk Firmly on the BackfootCrypto LowerSterling and Euro Looking More and More Vulnerable Risk remains heavy across the board as fears over covid in China weigh on markets compounded fears sparked by faster and more aggressive FED tightening. We are also seeing commodities come under pressure sparked by the China fears as well as yields [...]