Boeing’s shares fall following China Eastern Airlines’ crash March 21, 2022 Boeing’s shares fell 4.60 per cent today, opening at $184.40 after a 737 operated by China Eastern Airlines crashed in the country. Compared to Friday’s closure, the company’s stocks went down 8 per cent in pre-market trading but recovered slightly after the bell. Authorities said the crash’s cause was still under investigation, but the plane [...]
As London faces off threats to its global status, Dubai is waiting in the wings March 21, 2022 Since the result of the 2016 Brexit referendum on our future in the world and beyond the single market, one of the issues which has caused most angst and speculation has been the status of London as one of the world’s greatest financial centres. With the end of free movement of goods, services and people, [...]
Shock and horror across Asia as China Eastern Boeing 737 with 133 people on board crashes in southwest China March 21, 2022 A Chinese airliner with 133 people on board has crashed in the southern province of Guangxi, sparking a mountainside fire, state media report this morning. Broadcaster CCTV said the accident involves a China Eastern 737 plane and occurred near the city of Wuzhou in Teng county. It said rescuers have been dispatched and there was [...]
1 Minute Market Rundown – 18th March 2022 March 18, 2022 Russia – UkraineRisk bouncesCrypto finds supportDovish hike by the Old Lady Risk continued to hold in well yesterday as equity and crypto markets held on to gains posted recently. Overnight we have seen the equity rally stall as the surge in Chinese tech stocks fizzled out and oil moved back above $100 a barrel. We [...]
Has the Ukraine war sped up the clean energy revolution? March 18, 2022 As energy security rises up the political agenda, we look at what Russia’s invasion of Ukraine means for climate change investing. Russia’s shocking invasion of Ukraine is having horrendous consequences, and our thoughts are with the millions of people affected. As climate change investors, we also have to consider the impact of the conflict on [...]
London’s top indexes jump as Bank of England hikes rates again March 17, 2022 London’s top indexes jumped yesterday after the Bank of England lifted interest rates for the third meeting in a row. The capital’s premier FTSE 100 index climbed 1.28 per cent higher to 7,385.34 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.34 per cent [...]
1 Minute Market Rundown – 17th March 2022 March 17, 2022 Russia – UkraineRisk sentiment improvesFed delivers So there were two big talking points yesterday. Firstly, Chinese authorities decided enough was enough and stepped in to prop up domestic equity markets. They pledged to keep capital markets stable, support oversea stock listings and confirming that regulation of big tech will end soon. Unsurprisingly, Asian stocks saw [...]
Nickel traders plunged into chaos again as LME postpones trading March 17, 2022 Nickel traders were plunged into more chaos this morning as the London Metal Exchange was forced to suspend trading again after further systems failures.
Easing fears over Chinese economy lift London’s indexes March 16, 2022 Cooling fears over a potential slowdown in the Chinese economy boosted London’s top indexes today. The capital’s premier FTSE 100 index climbed 1.62 per cent to 7,291.68 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, soared over three per cent to reach 20,905.54 points. Renewed [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]