City A.M. TV: A market snapshot (video) July 2, 2021 US markets have continued their grind higher this week with the S&P500 eking out gains on all four trading sessions so far. Across the globe, though, the strength in other equity markets has been less marked: In the Euro zone most equity markets have traded sideways or even lower over the course of June; in [...]
Didi gets a flat: Market debut runs out of steam after $80bn turbo-charged IPO July 1, 2021 Chinese ride-hailing app Didi had a market debut that ran out of steam after the company temporarily soared to a market value of $80bn in its first day of trading on the New York Stock Exchange. Watch the full report.
Should EM investors be worried about tapering? June 30, 2021 In our latest Economic and Strategy Viewpoint we brought forward our expectations for Federal Reserve (Fed) policy tightening. We still think that the current bout of inflation in the US will prove to be largely transitory. However, the strength of the US economic recovery means that we now expect underlying price pressures to build next year such [...]
Crypto investment products’ trading volumes plunge after China’s crackdown June 28, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved within the $30,000 to $35,000 range throughout the week after failing to surpass the $40,000 barrier earlier this month.
Is now the time to (financially) check in to British hotels? June 26, 2021 As the UK begins to contemplate globe-trotting again, there is still a feeling of gloom in the travel industry. For now, foreign holidays remain limited to a very few places on the ‘green list,’ including such undiscovered delights as the South Sandwich Islands. While penguin spotting in the South Atlantic may be an acquired taste, [...]
Bitcoin: is it still worth it? June 24, 2021 That Martini Guy takes a look at the narratives currently surrounding Bitcoin, particularly the arguments about energy use.
China crackdown sends Bitcoin tumbling below $30,000 June 22, 2021 The price of Bitcoin tumbled below $30,000 for the first time since January, wiping out all its gains for the year. The world’s biggest cryptocurrency plummeted by as much as 12 per cent to $28,893 on Tuesday, after China’s central bank intensified a crackdown on cryptocurrencies. Bitcoin has fallen 50 per cent from its April peak [...]
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]
China crackdown continues though Bitcoin decline slows June 22, 2021 Bitcoin, Ethereum, and other cryptocurrencies are all trading lower again today, with the alt markets seeing particularly large drops. Bitcoin is currently down 3% over the last 24 hours and more than 20% over the last week, though its market dominance is actually up again from 45% to 47% as others take a bigger hit. [...]
Lunch markets are back on the menu at Guildhall Yard June 21, 2021 Mouth-watering cuisine from around the world will be on offer when lunch markets return to Guildhall Yard on Wednesday (June 23rd). Stalls will be serving up food from across the globe – covering everything from Turkish wraps to paella, Thai and Chinese dishes to German hotdogs and Mexican burritos. Visitors are being encouraged to take [...]