Familiarity bias: how to overcome the fear of the unfamiliar to reach your investing goals May 20, 2019 | City Talk For the vast majority of people, like you and me, trading is not a full-time job. Though you try to do your best and make impactful investment decisions, you tend to make things “easier” (at least, you think you do so) and gravitate towards the familiar. In this case you may end up investing in [...]
Exxon decision to evacuate staff from Iraq ‘unacceptable and unjustified’ says oil minister May 19, 2019 Iraq’s oil minister has hit out at US oil giant Exxon, demanding it immediately returns workers which it evacuated from the country amid growing regional tensions. Thamer Ghadhban today said that Exxon’s decision was “unacceptable and unjustified” after it was revealed that all its foreign staff at the West Qurna 1 oilfield would be moved [...]
US stocks end the week down as trade concerns linger May 18, 2019 US stocks fell on Friday, bringing the three-day gains to a halt as the stand off with China over trade talks continued. The S&P 500 ended the session with a 0.6 per cent loss, despite climbing earlier in the day, following a report that a date for the next round of talks between Washington and Beijing [...]
Iron ore prices hit five-year high after Vale warns of second dam burst May 17, 2019 Iron ore prices have hit a five year high today after the world’s biggest producer, Vale, revealed trouble at one of its sites. Late yesterday Vale said a mining waste dam was on the brink of collapse, just months after one of its dams collapsed, killing hundreds. Read more: Another Vale dam could collapse next [...]
Trump delays car tariffs decision on EU and Japan by six months May 17, 2019 US President Donald Trump has delayed imposing tariffs on imported cars by six months to allow for negotiations with the EU and Japan. Global markets rallied yesterday following reports of the six-month delay and the White House confirmed the move today. Read more: Global stocks reverse falls after reports Trump will delay auto tariffs A [...]
Sterling takes a pounding as Brexit talks break down May 17, 2019 Sterling hit a four-month low today as talks broke down between Labour and the Tories over the future of Brexit. The pound reached as low as $1.276 against the dollar, while losing 0.3 per cent against the euro at 87.55p. Read more: Brexit talks collapse: Business reacts The Labour Party today confirmed that its talks [...]
Another Vale dam could collapse next week, miner warns May 17, 2019 Another dam operated by Brazilian miner Vale is at risk just miles from where 300 people are thought to have been killed when its Brumadinho dam collapsed in January. A dam at the Gongo Soco mine in the State of Minas Gerais could burst within days, causing Vale to alert authorities in the region. Read [...]
Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
Bitcoin tumbles by more than 10 per cent to below $7,300 in under 24 hours May 17, 2019 Bitcoin prices have plummeted over the past six hours dropping to below $7,300 (£5,710) just days after reaching a 10-month high of more than $8,000. The price of bitcoin fell to a low of $7,140.77 at 6:30am BST, although it has since recovered slightly to $7,284.72 as of 8:30am. Read more: Bitcoin ralllies – where [...]
Sterling hits three-month low with investors nervous about Theresa May’s successor May 16, 2019 Sterling fell to a three-month low against the dollar today as political turmoil intensified and investors worried about who will be Prime Minister Theresa May’s successor. Read more: Theresa May to set out departure date in June The pound fell for the fifth consecutive day to $1.279, a drop of 0.4 per cent, as the Brexit [...]