After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Exxon victorious in New York climate fraud case December 10, 2019 A judge has today ruled that Exxon Mobil did not mislead its investors on climate change, in a case brought by the state of New York. Justice Barry Ostrager of the Manhattan supreme court said that the state attorney general had not produced any evidence that investors had been misled over the cost of addressing [...]
London Stock Exchange launches consultation on shorter trading hours December 10, 2019 The London Stock Exchange (LSE) has launched a consultation on shortening its trading hours following calls by industry bodies who said such a change would improve workplace culture and liquidity. The stock exchange has asked its members – mainly banks and brokers – for its views on a series of options for shortening the current [...]
Election promises little relief for troubled UK markets December 10, 2019 | City Talk The election represents another ‘key risk’ moment for UK assets. Depending on the result, some parts of the UK stock market could suffer heavily, while others might be beneficiaries of a surprise result. This is the dangerous part – trying to work out what comes next. Memories of the predictions made before Brexit and Trump [...]
How do UK general elections impact the stock market? December 10, 2019 | City Talk General elections can have a profound long-term effect on the economy and people’s lives. The impact of elections on the stock market is less understood. Analysing the last seven UK elections, there is no definitive pattern as to how markets react, although there are historical patterns that may help investors and traders prepare for the [...]
German investor morale unexpectedly climbs December 10, 2019 German investors were much more upbeat than expected in December, a survey has shown, with recent economic data fuelling hopes for an uptick in Europe’s biggest economy. The index of economic morale from research institute ZEW picked up to 10.7 this month from minus 2.1 in November. The score was well above expectations of a [...]
FTSE 100 falls with European investors nervous over trade tensions December 10, 2019 The FTSE 100 has shed one per cent on a bad day for European shares ahead of a major tariff deadline that could exacerbate trade tensions between the US and China. Germany’s Dax index fell 1.46 per cent, France’s CAC 40 dropped 0.89 per cent, and the pan-European Eurostoxx 600 fell 1.07 per cent. Read [...]
Morgan Stanley fined €20m as French regulator accuses it of sovereign bond price manipulation December 10, 2019 Morgan Stanley has been issued a €20m (£16.8m) fine by French regulators after its London desk faced accusations of using “pump and dump” tactics to manipulate sovereign bond prices. France’s stock market regulator, the Autorite des Marches Financiers (AMF), said the bank manipulated prices on 14 French government bonds and eight Belgian bonds in June [...]
Swine flu helps push Chinese inflation to eight-year high December 10, 2019 Chinese consumer inflation climbed to close to an eight-year high in November, driven by a doubling of pork prices as African Swine Fever ravaged the country’s pig farms, official data showed today. Nonetheless, factory-gate prices fell for the fifth month in a row, highlighting the malaise in the country’s manufacturing sector brought about by the [...]
Watchdog gives green light for Ovo Energy’s £500m SSE deal December 10, 2019 The competition watchdog has given the green light to Ovo Energy’s £500m takeover of rival supplier SSE’s retail arm. In a statement this morning the Competition and Markets Authority (CMA) said the deal, which will create the UK’s second-largest energy supplier, would not harm competition. Read more: SSE sells energy services business to Ovo in [...]
This country has not had enough of experts December 10, 2019 Michael Gove famously said that the “people in this country have had enough of experts”. Of course, that’s not the full story — at the time, Gove was specifically targeting experts who, he claimed, kept getting things wrong. But regardless, the “had enough of experts” quote went viral, and came to be viewed as something [...]