After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England was warned over property fund trading suspensions after Brexit July 12, 2016 The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
Showdown time: Carney under fire from Treasury select committee on Brexit vote comments July 12, 2016 Bank of England boss Mark Carney has today had to rebuff allegations that he frightened the public into voting for Remain in the referendum. Andrew Tyrie, chair of the Treasury committee, put it to Carney that there had been a "deliberate attempt to frighten the voting public by the Bank with a political motive" which would "put an [...]
Why it could be a happy summer for stock market investors July 12, 2016 Are risk assets shaping up for a summer rally? That’s the question investors are asking themselves after Friday’s non-farm payrolls report. It’s raising hopes that the US economy is on a more stable footing than thought. It’s good news for risk sentiment – provided the Federal Reserve holds the line in commentary this week with [...]
Fixed or tracker: As Brexit prompts mortgage rates to tumble, how long should borrowers hold out for? July 12, 2016 Brexit might have thrown markets into turmoil, but if you’re thinking of taking out a mortgage, or are remortgaging, rates are about to get even more competitive. Since the referendum began in earnest, investors have clambered to buy government bonds, driving down yields and enabling mortgage lenders to offer more long-term funding. Banks have been [...]
FTSE enters bull market territory as it closes more than 20 per cent up on February’s low July 11, 2016 THE FTSE100 has entered bull market territory, closing yesterday at 6,682.86 – more than 20 per cent higher than the low of 5,537 that it hit on 11 February this year. The bounce has been led by a recovery in mining stocks, plus a boost from the falling pound which has augmented the Sterling value [...]
Westminster has been turned upside down by the people’s anger: The City could be next July 11, 2016 Most years I remember for a particular theme. The Olympics and the Diamond Jubilee in 2012 made the UK the happiest place in the world to be. After the crash in 2008, life was scary and solidarity was the theme; no one knew what was coming next but we stood side by side. This year [...]
At the close: FTSE 100 charges into bull territory as investors cheer leadership certainty and the weak pound drives up profits July 11, 2016 Well, there it is. The FTSE 100 has swung from bear market territory to a bull market in just over six months. The twists and turns of the day's political events gave a fresh boost to the global FTSE 100, while the UK focused FTSE 250 also posted strong gains. Housebuilders, such as Barrat Developments and [...]
Reassure EU migrants they can stay or watch these vital workers leave the UK July 11, 2016 The London Stock Exchange is run by a Frenchman. The Bank of England is governed by a Canadian. The mayor of London is the son of a Pakistani immigrant. London is, and always has been, an internationally focused, vibrant city, and this outward facing and welcoming nature must continue. It has now been two weeks [...]
Week ahead: Fashion retailers and builders are in the spotlight July 11, 2016 Alongside the Bank of England’s first meeting after the UK voted to quit the European Union it will be a busy week of corporate numbers. Bank of England officials announce their monetary policy decision on Thursday and many economists are expecting a loosening of interest rates. The FTSE 100 rose to its highest level in [...]
Interest rates could be cut as soon as this week to historic low of 0.25 per cent in bid to boost economy July 10, 2016 THE Bank of England is forecast to cut interest rates as early as this week to ease the strain on the economy in the wake of the referendum. Investors and economists are expecting a rate cut to a historic low of 0.25 per cent on Thursday when the Bank's Monetary Policy Committee meets. BoE governor Mark [...]