Bitcoin hits 10-month high of nearly $9,000 after strong start to 2019 May 27, 2019 Bitcoin edged close to the $9,000 mark today as it extended a strong run since the beginning of the year. The cryptocurrency rose more than ten per cent over the past day to $8,775, figures from Coin Market Cap show. Read more: Bitcoin bounces as the pound plunges: what’s next for global markets? It underlines [...]
EU stocks open up positive after election results allay investor fears May 27, 2019 The European stock market enjoyed a positive open this morning after EU election results failed to show a surge in populist right-wing parties. Euro Stoxx is up 0.30 per cent at the time of writing, while the FTSE has enjoyed a 0.65 per cent bounce. The French Cac and German Dax are up 0.17 per [...]
Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns May 26, 2019 US investment bank Goldman Sachs has ramped up its probability of a no-deal Brexit as leading Conservatives put themselves forward to replace Theresa May as Prime Minister. Goldman Sachs analysts raised the chances of the UK leaving the EU without a deal from 10 per cent to 15 per cent, citing the emergence of hardline [...]
‘Escalation scenario’ increasingly likely in US-China trade war, warn Barclays analysts May 24, 2019 An “escalation scenario” is becoming “increasingly likely” in the US-China trade war, analysts at Barclays have warned, as China mulls its options for retaliation against US tariffs. Read more: China warns of trade repercussions after Huawei ban The Barclays note came after tough talk from China on the trade conflict, with President Xi Jinping this week [...]
Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
We must learn from past mistakes to mitigate the impact of the next financial crisis May 24, 2019 It’s sometimes hard to believe that the global financial crisis happened more than a decade ago, and that back in 2008 the world of banking and finance was headline news on a daily basis. Read more: Jury discharged in fraud trial of senior Barclays executives Political and technological developments have changed the world immeasurably since [...]
Facebook ‘finalising its own Globalcoin cryptocurrency’, which could launch in March next year May 24, 2019 Facebook is in the final stages of planning the launch of its own cryptocurrency in 2020 which has been dubbed Globalcoin, according to reports. The social media giant, which has thus far steered clear from world of crypto trading, could set up a digital payments system in around a dozen countries as soon as March next [...]
Two common errors that investors make…and how to overcome them May 24, 2019 | City Talk The past six months have highlighted two common errors that investors frequently make. The first relates to a misunderstanding about the way investments compound over time and the second is the way that emotions can cloud our judgement. Both can be remedied relatively easily. The impact of compounding In relation to the first, the US [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
Brent crude oil prices plummet nearly five per cent after US inventories surge May 23, 2019 Brent crude prices dropped below $68 per barrel for the first time in almost two months today, putting pressure on FTSE-listed explorers, after US inventories surged to their highest point in nearly two years. The international standard lost more than $3 over the day, a 4.75 per cent drop, trading at $67.77 in the mid afternoon. [...]