1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]
Let Brits pick value brands over own-branded products to beat cost of living crisis, Cabinet minister suggests May 4, 2022 A Cabinet minister suggested shoppers could choose value brands to help cope with rising food prices. Environment Secretary George Eustice told Sky News that rising fertiliser and feed costs had hit the farming industry, partly as a result of soaring energy prices. “The better news is that we have a very, very competitive retail market [...]
UK’s tech regulator backtrack sparks mixed reactions across the City May 3, 2022 Reports that the government has backtracked on strengthening the role of the UK’s tech regulator has sparked mixed reviews from the City today.
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
CMA to allow Morrisons owner to sell 87 petrol stations to complete £7bn deal May 3, 2022 The UK’s competition watchdog has said it is poised to give a green light to the owner of Morrisons over selling dozens of petrol stations. The Competition and Markets Authority (CMA) has been probing Clayton, Dubilier & Rice’s £7bn takeover of the supermarket and previously raised competition concerns. The New York private equity firm also [...]
1 Minute Market Rundown – 3rd May 2022 May 3, 2022 Equities Hold InCrypto Consolidates April ended as much of the year has been with risk firmly on the backfoot. It has been the worst start for the S&P since at least 1993. Crypto didn’t have the best month either with both BTC and ETH down over 16% for the month. The driving force has been [...]
Crypto mania, financial contagion and the ‘Goldilocks Zone’ May 3, 2022 From the gold fever of the 1840s and 1850s and the bicycle bubbles of the 1890s to the bowling manias of the1960s and the dot-com boom of the 1990s and early 2000s, our animal spirits are forever in search of greener pastures. In recent times, the financial herd has stampeded into the field of cryptocurrency. [...]
1 Minute Market Rundown – 29th April 2022 April 29, 2022 Risk Stages a FightbackCrypto ConsolidatesUSD at a Crossroads…(We Think) Yesterday saw another significant round of USD buying as month end is upon us. For those who watch price action closely, the final leg higher in the USD yesterday could actually signify a short term high has been put in place. This all came despite the [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
Meta takes on UK watchdog in £249m competition row over Giphy tie-up April 26, 2022 Facebook's parent firm Meta has started the appeal process against the UK's decision to block its tie-up with Giphy for $315m (£249m).