Wall Street closes lower price after technology stocks retreat March 2, 2021 Wall Street closes lower price after technology stocks retreat
City A.M. TV: Daily Market Snapshot (video) February 26, 2021 There was a sharp shift in tone in markets yesterday, with the back-up in bond yields causing significant disruption in the equity market. Of note, that disruption spread beyond the tech and growth sectors – with weakness in all 11 S&P500 sectors, all 24 S&P500 industry groups, and all the key US headline equity indices [...]
New US jobless claims rise unexpectedly by 861,000 February 18, 2021 US jobless claims rise unexpectedly to 861,000
US braces for higher inflation amid pandemic recovery, warns Fed February 17, 2021 The US is trialling ways of bracing the American public for higher inflation rates as a fresh presidency attempts to heal an economy crippled by the ongoing pandemic, according to the Federal Reserve. Minutes released today from a lengthy policy meeting held by the US central bank last month revealed that Fed officials were prepared [...]
The likelihood of a bubble forming in financial markets February 1, 2021 Concerns are mounting as to whether financial markets may have entered bubble territory over the past few weeks. Some analysts are warning that instances of excessive behaviour have become apparent and more frequent. The usual key ingredients to form a bubble in financial markets include cheap credit or easy money and an enticing narrative, with [...]
Screenshot: How Reddit shone a light on the madness of markets January 29, 2021 This week **Media Moment of the Week: Das ist Numberwang! **How Redditors beat the market at its own game **Do influencers need a rebrand? Media Moment of the Week: Das ist Numberwang! This week’s media moment is one that journalists the world over would probably rather forget but, being the intrepid media reporter that I [...]
US jobs: Employment falls by 123,000 in December January 6, 2021 Newly released US jobs figures reveal a fall of 123,000 private sector jobs from November to December. The stats paint a grim picture of the US economy at the end of a pandemic-affected year, with the fall reversing months of gentle growth in non-farm employment. Most of the job losses came in large firms, with [...]
New York Stock Exchange scraps plans to delist Chinese telecoms firms January 5, 2021 The New York Stock Exchange has scrapped plans to delist three Chinese telecoms stocks in a shock U-turn. In a statement last night the exchange said it would no longer go ahead with plans to remove China Mobile, China Telecom and China Unicom Hong Kong from its index. It said the decision came “in light [...]
Investor Central: Funds to keep an eye on in 2021 January 4, 2021 Following an unpredictable 12 months, investors are turning their attention to opportunities in 2021. Square Mile-based Tom Stevenson, investment director for personal investing at Fidelity International, shared with City A.M. what his fund picks are for 2021. “None of us possesses a crystal ball. However, as I put my picks together at the end of 2020, investors [...]
Wall Street hits record high after Trump signs stimulus bill December 28, 2020 Wall Street rose to record highs as markets opened this afternoon after US President Donald Trump signed a long-awaited coronavirus stimulus bill. The S&P 500 rose 0.7 per cent in early trading, while the Dow Jones and Nasdaq were also up 0.69 per cent and 0.67 per cent respectively. It comes after Trump belatedly signed [...]