‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats
Markets live: FTSE 100 rebound sours as traders await Fed rates decision June 10, 2020 The FTSE 100 faltered as an initial rebound quickly turned sour and the UK index fell back into the red by the afternoon. London’s blue-chip index pushed 0.74 per cent higher as markets opened today, before dipping into the red by mid-morning. The FTSE pared back some of the losses by the afternoon but edged [...]
FOMC decision: Four things to expect from the Federal Reserve’s June meeting June 10, 2020 Policymakers at the US Federal Reserve are set to publish their first set of economic projections of 2020 later today when the Open Market Committee (FOMC) makes its June decision. The Federal Reserve is widely expected to leave interest rates near zero at its FOMC June decision. But all eyes are on the meeting for [...]
Global gas demand set for record decline in 2020 June 10, 2020 Global demand for natural gas is set for its biggest fall on record, the International Energy Agency revealed today, due to the combination of the coronavirus crisis and a particularly mild winter. This year, gas demand is due to drop four per cent – or 150bn cubic metres – which is double the size of [...]
EU must boost capital markets due to coronavirus and Brexit, say finance chiefs June 10, 2020 The European Union needs to deregulate its capital markets to help the economy recover from coronavirus and reduce its reliance on the City of London, according to a panel of industry executives. With huge amounts of debt being sold to counter the economic hit caused by Covid-19 and the bloc set to lose its major [...]
Asian shares crawl higher ahead of Fed meeting June 10, 2020 Asian shares crept higher this morning, marking a 10th session of consecutive gains, but slowed momentum on doubts of a swift global recovery from coronavirus ahead of today’s US Federal Reserve meeting. MSCI’s index of Asia-Pacific shares outside Japan climbed 0.3 per cent, while Japan’s Nikkei rose 0.1 per cent. Safe havens such as gold [...]
EXCLUSIVE: Dan Simerman talks Covid-19, Digital Assets and IOTA June 9, 2020 | City Talk Dan Simerman is an investor and technical product manager well versed in consumer psychology, digital assets and open source software development. Dan has a history of building software for Fortune 50 financial institutions, multinational media companies and strategic consulting firms. As Head of Financial Relations at the IOTA Foundation, Dan’s goal is to support technology [...]
FTSE 100 and European stocks drop as Wall Street rally fizzles out June 9, 2020 The FTSE 100 sank into the red on Tuesday as Prime Minister Boris Johnson prepared to outline further measures to ease the Covid-19 lockdown. The blue-chip index was expected to make gains after the UK reported its lowest tally of coronavirus deaths since lockdown began yesterday, with London reporting no new Covid deaths, but had [...]
UK set for record two months of coal-free electricity June 9, 2020 As of midnight tonight, the UK will not have used coal-powered electricity for two months, the longest period of power generation without coal since the Industrial Revolution. On 8 April, the last of the UK’s four remaining coal power plants was switched off, with all electricity subsequently provided by a combination of gas and low-carbon [...]
Q&A: Why do markets rise even when the outlook is bleak? June 9, 2020 | City Talk The global economy is on track for its worst recession in nearly 100 years, yet April was the market’s best monthly performance in three decades and the S&P 500 has just turned positive for 2020. Why? The first quarter of 2020 has been tough for the global economy in the midst of the coronavirus pandemic. [...]
Asian shares extend winning streak for ninth consecutive session June 9, 2020 Asian stocks extended their winning streak for the ninth concession session this morning as the lifting of lockdown measures across the world fuelled investor hopes of a swift global recovery from coronavirus. MSCI’s index of Asia-Pacific shares outside of Japan notched its ninth straight session of gains this morning, marking its longest winning streak since [...]