Sterling recovers ground despite worry over 21 June reopening date June 7, 2021 Sterling recovers ground despite worry over 21 June reopening date
City A.M. TV: A Market Snapshot June 7, 2021 US non-farm payrolls once again demonstrated their ability to move markets.
Inflation could reach three per cent this year, says Janet Yellen June 7, 2021 The US Treasury Secretary has said inflation could reach as high as three per cent this year as the economy rebounds from the worst of the pandemic. “We have in recent months seen some inflation, and we — at least on a year-over-year basis — will continue, I believe through the rest of the year, [...]
‘Stablecoin’ payments must be regulated like banks, says Bank of England June 7, 2021 The Bank of England has said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Stablecoins are a type of cryptocurrency usually pegged to a traditional currency and thus are intended to avoid the volatility usually associated with crypto. “The prospect of stablecoins [...]
Johanna Kyrklund: Time to slow down (but not too much) June 7, 2021 | City Talk In my family I am often mocked for being a cautious and slow driver. So it was ironic and a source of great amusement to them that I recently received a speeding ticket and had to attend a speed awareness course. One of the main messages from the course was that as a driver you [...]
Commodity inflation hits China after pandemic delays and recovery demand June 7, 2021 Despite its imports growing at their fastest pace in a decade in May, pandemic delays and recovery demand have spelled rising commodity inflation in China. Surging demand for raw materials stoked the country’s import growth, despite exports climbing less than expected due to pandemic disruptions and Covid cases at key ports. Imports increased 51.1 per [...]
Foreign investors now own 66 per cent of London-listed shares, data shows June 7, 2021 Foreign investors have upped their stake in British industry this year to a record 66 per cent, extending the global ownership of London-listed stocks. Investors in 107 countries were identified in new analysis of UK shareholder registers by investor relations consultancy Orient Capital. Foreign holdings of UK shares have risen steadily over the last decade, [...]
Wall Street opens higher as jobs report eases inflation concerns June 4, 2021 Wall Street’s main indexes opened higher today after data showed modest US jobs growth in May, easing concerns about an early tightening of monetary policy. The Dow Jones Industrial Average rose 0.3 per cent at the open, while the Nasdaq Composite gained 0.65 per cent. The S&P 500 added 0.5 per cent as it continued [...]
Wall Street opens lower while FTSE plunges to snap June winning streak June 3, 2021 Wall Street’s main indexes opened lower today as investors weighed up data showing a pick up in jobs growth for cues on the trajectory of inflation. The Dow Jones Industrial Average fell 0.7 per cent at the open, while the Nasdaq Composite shed 1.3 per cent. Meanwhile, the S&P 500 dropped 0.8 per cent to [...]