ETFs for an uncertain world March 15, 2022 | Sponsored In the past decade, we’ve witnessed a global pandemic and we’ll likely see the fallout from climate change gather pace. Even economics is becoming more unpredictable, with most policy makers and economists being blindsided by the return of inflation to levels not seen in over 30 years. In such a world, investors may want to [...]
Roaring jobs market steps up case for another Bank of England rate hike March 15, 2022 A roaring jobs market in the UK is stepping up the case for another rate hike by the Bank of England on Thursday. Strong demand for workers rubbing up against weak labour supply is intensifying inflationary pressures in the jobs market, demonstrating the UK economy is ready for more rate hikes, according to economists. The [...]
Tactical asset allocation: the flexibility advantage March 15, 2022 | City Talk Strategic asset allocation (SAA) determines long-run exposure to systematic risk factors. That said, current changes in monetary policy in many developed and emerging countries as well as the stage of the business cycle warrant tactical considerations. The tactical overlay strategy should generate added value by temporarily deviating from the weights assigned in the SAA process. [...]
What impact is inflation having on the Nasdaq? March 15, 2022 | City Talk Rising US CPI inflation has caused the Nasdaq to fall but can we expect a correction with with interest rates expecting to rise? 2022 has not been kind to the NASDAQ Composite. After climbing from a covid-19 pandemic low of 6,880 points on 20 March 2020 to an intraday record of 16,212 points on 22 November 2021, it [...]
IOG delivers first gas in new North Sea project March 15, 2022 A new gas field under the North Sea off the coast of East Anglia has produced its "first gas" this week according to IOG.
Rosneft hit by German hackers: Major cyberattack forces Putin crony’s oil giant to take systems down March 15, 2022 Russian energy giant Rosneft has been hit by a major cyberattack, according to various news reports in Germany. Germany’s Federal Office for Information Security, the BSI, confirmed that hacker group Anonymous has targeted several units of Rosneft, forcing the Russian oil company to take its systems down. Anonymous published a statement confirming responsibility for the [...]
IFS: Minimum wage cannot carry the can for earnings growth in Britain March 15, 2022 The minimum wage has limits to how much it can carry the can for boosting earnings growth in the UK, reveals a study published today. Government labour market policy needs to target boosting productivity to generate high-paying jobs and reverse weak growth in living standards, according to a report by the Institute for Fiscal Studies [...]
Russia-Ukraine talks boost London’s top indexes March 14, 2022 Reports of progress in talks between Russia and Ukraine boosted London’s top indexes today. The capital’s premier FTSE 100 index jumped 0.53 per cent to close at 7,193.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, soared 1.31 per cent to 20,471.25 points. Negotiations between [...]
UK firms to launch price hike spree as Bank of England prepares to lift rates again March 14, 2022 A record proportion of UK firms are preparing to hike prices in a further sign of the scale of inflationary pressures sweeping throughout the economy, reveals a closely watched survey released today. The fresh figures provide further incentives for the Bank of England to hike interest rates for the third meeting in a row when [...]
US Federal Reserve to hike rates for first time in over three years March 14, 2022 The US Federal Reserve will hike interest rates for the first time in over three years on Wednesday as the central bank takes the first step in shifting policy from supporting the American economy through the pandemic to taming runaway inflation. Fed Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]