Wall Street muted at open while FTSE 100 cuts morning gains June 14, 2021 Wall Street’s main indexes were muted today as focus shifted to this week’s Fed meeting where the central bank is expected to maintain its accommodative stance on monetary policy. The Dow Jones Industrial Average was down 0.3 per cent, while the S&P 500 fell 0.1 per cent at the open, remaining near an all-time time. [...]
Rishi Sunak not expected to alter furlough scheme despite Freedom Day delay June 14, 2021 Rishi Sunak not expected to alter furlough scheme despite 'Freedom Day' being scrapped
City A.M. TV: A market snapshot June 14, 2021 The S&P500 continued its slow ‘grind higher’ last week, with the cash index eking out a small gain (of 18 points, i.e. 0.4 per cent). Traded volumes on the NYSE were low, highlighting the general quietness of equity markets while levels of complacency remained elevated (e.g. with low volatility and put to call ratio readings). [...]
Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]
Space tech investor Seraphim announces plans for London IPO June 11, 2021 A space technology investor has this morning announced its intention to float in London. Seraphim Space Investment Trust will be the world’s first listed space tech fund as interest in the sector ramps up. There has been a race to commercialise spaceflight, with Jeff Bezos, Elon Musk and Sir Richard Branson all competing with each [...]
UK economy grew by 2.3 per cent in April as high street and hospitality reopened June 11, 2021 Britain’s economy grew by 2.3 per cent in April as government restrictions affecting economic activity continued to ease. It was the fastest monthly growth of gross domestic product (GDP) since July last year and exceeded economists’ forecast of a 2.2 per cent jump. In comparison with April 2020, monthly GDP in April 2021 is estimated [...]
Digbee: The platform helping mining firms clean up their act June 11, 2021 With the global economy now resolutely focused on the threat of climate change, businesses of all stripes are now under pressure to clean up their act. This year has seen a resurgence in climate-focused investor action against listed companies, as shareholders seek assurances that firms are doing “the right thing” with their money. Nowhere is [...]
Before the Bell: UK economy expected to show an April boost June 11, 2021 A rather strange thing happened yesterday after US CPI hit its highest levels since 2008 at 5 per cent and core CPI hit its highest levels since 1992, at 3.8 per cent. US 10 year yields after initially spiking higher, dropped sharply to hit their lowest levels in three months, below 1.44 per cent, as [...]
Wall Street opens higher while FTSE 100 stays in the green June 10, 2021 Wall Street’s main indexes rose today as investors shrugged off a surge in consumer prices that raised concerns of early policy tightening by the Fed. The Dow Jones Industrial Average was up 0.6 per cent, while the S&P 500 advanced 0.4 per cent at the open. Meanwhile, the tech-heavy Nasdaq gained 0.2 per cent. Wall [...]
CMC Markets more than doubles profit after surge in new customers June 10, 2021 CMC Markets has reported a record performance, doubling its annual pre-tax profit after a surge of new customers amid the retail trading boom. The online trading firm, founded by tycoon Lord Cruddas, reported a 63 per cent increase in net operating income to £409.8m. Pre-tax profit for the year ended 31 March 2021 came in [...]