FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]
London markets dragged down by tax hikes as City mulls impact on portfolios September 8, 2021 The wave of tax hikes launched by prime minister Boris Johnson weighed on London markets today as investors mulled the implications of higher dividend taxes on their portfolios. The capital’s premier index dropped 0.75 per cent to close at 7,095.53 points, while the mid-cap FTSE 250 slid 1.03 per cent to 23,848.89 points. Markets were [...]
Tax hikes pull London markets down September 7, 2021 Sliding financial stocks pulled London markets down today after prime minister Boris Johnson announced a hike to dividend taxes and national insurance. The capital’s premier index fell, the FTSE 100, slipped 0.48 per cent to 7,152.75 points, while the mid-cap FTSE 250 had 0.62 per cent shaved off its value to fall to 24,097.48 points. [...]
Brokers and investment platforms plummet on dividend tax hike September 7, 2021 Shares in investment platforms and brokers plummeted today after prime minister Boris Johnson announced a hike to dividend taxes. Broker, TP Icap, had 9.14 per cent shaved off its share price, plummeting to 179.04p from a day high of 196.60p. Investment platforms AJ Bell and Hargreaves Lansdown both suffered heavy losses, down 2.07 per cent [...]
Revisiting Beta: How well has Beta predicted returns? September 7, 2021 | City Talk After the capital asset pricing model (CAPM) was developed in the 1960s and 1970s, financial researchers started to test how well this theoretical model actually worked in the real world. Amid expanding computing power and greater data access, the 1980s became a critical era for gauging CAPM’s validity as analysts explored beta’s effectiveness in anticipating [...]
Shell and BP: why we’re hopeful for a sensible transition to renewables September 6, 2021 | City Talk The devastating effects of unchecked global warming were laid bare by this week’s landmark report from the Intergovernmental Panel on Climate Change (IPCC). UN secretary-general António Guterres described the report’s findings as “a code red for humanity”. The world’s major energy companies were already on the front line of the climate change battle, but following this [...]
Receding tapering fears propel FTSE 100 to three-week high September 6, 2021 Waning fears over central banks in developed economies scaling back monetary stimulus measures helped to propel London’s FTSE 100 to its highest level for three weeks today. The capital’s premier-index gained 0.71 per cent to hit 7,189.00 points heading into the final hour of trading. The blue-chip index was led higher by advertisers and broadcasters [...]
Dax operator announces raft of additions as German blue-chip index braces for expansion September 4, 2021 The operator of the index of leading German companies has announced a raft of new additions as the blue-chip index braces for its biggest ever shakeup. Carmaker Porsche and sportswear brand Puma are among the beneficiaries of the Dax expanding from 30 to 40 companies in just two weeks’ time. The expansion of the Dax [...]
Weak US jobs growth tempers Wall Street September 3, 2021 A weaker-than-expected US jobs report for August weighed heavily on Wall Street’s main benchmarks today. The S&P 500 slipped 0.09 per cent to 4,532.82 points, after closing at a record high yesterday. The Dow Jones lost 0.11 per cent to hit 4,531.09 points. The tech-heavy Nasdaq provided some relief on Wall Street, rising 0.12 per [...]
City A.M. TV: A market snapshot September 3, 2021 Following Powell’s dovish speech at Jackson Hole last week, markets have been re-pricing the liquidity environment. In particular, the dollar has been notably weaker, commodity prices have rallied, and equities have pushed out to new highs. In the US that’s been most marked in the S&P500 and the NASDAQ100. The key question therefore, at this [...]