FTSE 10 and Wall Street slip despite encouraging economic data March 25, 2021 Mining stocks continued to drag down the FTSE 100 this afternoon while Wall Street opened lower despite an encouraging set of unemployment figures. London’s blue-chip index is down more than one per cent this afternoon with Antofogosta and Glencore all shedding more than four per cent. Bank of England Chief Economist Andy Haldane said he [...]
ECB eases digital euro doubts and backs proposed currency to thrive March 25, 2021 The European Central Bank today eased doubts in Germany about the launch of a digital euro, insisting that the electronic cash would not be used to penalise savers or upend banks. The ECB is looking to launch a digital version of the euro within the next five years to see off competition from cryptocurrencies such [...]
Private markets: the quest for diversification March 25, 2021 | Sponsored By Nalaka De Silva, Investment Manager, Aberdeen Diversified Income and Growth Trust plc Institutional investors have long thought of private markets as a way to boost returns. But the recent challenging economic conditions have further enhanced the role that private market investments can play in portfolios. In particular, investors are now relying on private markets [...]
Income investors need to broaden their horizons March 25, 2021 | Sponsored Investors with sufficient geographic and sector diversity have managed to side-step the worst falls in dividend payments Asia and emerging markets promise to be rewarding places for income again in 2021 Income stocks may be in prime position for economic recovery 2020 may have been a fallow year for income investors overall, but much depended [...]
Exclusive: City fund managers on pandemic volatility, inflation and value vs growth March 24, 2021 It has been a surreal year for fund managers in the City, with unprecedented volatility descending on practically every investment vehicle, asset manager or investor operating out of the Square Mile. The unpredictability of the ongoing pandemic is one of the reasons why the age-old investment-driven debate about ‘cheap’ value stocks versus ‘expensive’ growth equities [...]
FTSE 100 slips as fears of third Covid wave spark recovery concerns March 24, 2021 London’s FTSE 100 dipped by 0.2 per cent on Wednesday as a jump in Covid cases across Europe sparked concerns about its near-term economic impact. The blue-chip index was edged down by bank stocks including HSBC, Barclays and Lloyds falling between one per cent and 1.5 per cent. British consumer price inflation fell to 0.4 [...]
Gut instinct and social media drives young people to risky investment decisions, warns FCA March 23, 2021 The financial watchdog has warned that young people are increasingly engaging with risky investments like foreign exchange and cryptocurrency, despite not having the capacity for loss if the investment goes wrong. The Financial Conduct Authority’s (FCA) research found nearly two-thirds (59%) of young investors claimed that a significant investment loss would have a fundamental impact [...]
Goldman Sachs boss praises staff for speaking out against ‘inhumane’ treatment and 100-hour weeks March 23, 2021 Goldman Sachs boss praises staff for speaking out against 'inhumane' treatment and 100-hour weeks
Active success: what does Greek mythology teach us about investing? March 23, 2021 | City Talk At the end of the Trojan War, Odysseus sets sail to return to his family, his wealth, and his kingdom on the Greek island of Ithaca. The journey should have taken 10 days. Instead, it took 10 years. Odysseus encounters unexpected challenges on his voyage home. He is captured by a goddess. He battles the [...]
Wall Street rallies on tech rebound as FTSE closes in the green March 22, 2021 Wall Street closed in the green on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields. The tech-heavy Nasdaq index closed up 1.2 per cent, while the S&P 500 and Dow Jones inched up 0.7 per cent and 0.2 per cent respectively. A sharp run-up in Treasury yields since mid-February [...]
