Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
Gold rallies to eight-month highs amid hopes of lower Fed interest rate hikes January 10, 2023 Gold prices have stayed firm in today's trading - with the precious metal peaking at $1,880 per ounce this morning.
FTSE 100 close: New year rally loses steam on central bank rate warnings and Ocado slump January 10, 2023 London’s FTSE 100 premier index’s new year rally lost some steam today driven by investors wobbling over a string of hawkish comments from central bankers and Ocado’s shares slumping. The flagship index shed 0.39 per cent to close at 7,694.50 points, while the domestically focused mid-cap FTSE 250 index, which is more aligned with the [...]
Andrew Bailey and Jerome Powell play down central banks’ climate change role January 10, 2023 Andrew Bailey and Jerome Powell, two of globe’s top rate setters, have today said central banks should only have a limited role in tackling climate change. The chiefs of the Bank of England and US Federal Reserve, speaking at a summit hosted by the Swedish central bank, the first in the world, played down their [...]
Yesterday’s Bitcoin gains hold firm as crypto markets show promise January 10, 2023 Bitcoin and Ethereum are up by 0.3% and 1.30%, respectively, with Bitcoin trading for $17,266 this morning, and Ethereum priced at $1,332.
Decentralised open source protocols = freedom January 8, 2023 Dr Kacher explains how Web3 enables decentralised DAOs which offer open source protocols that are funded by DAOs and NFTs.
Week ahead: UK economy to enter recession in all but name as JP Morgan kicks off earnings season January 8, 2023 The UK economy is set to enter a recession in all but name after official figures out later this week will likely reveal output slumped again in November. Fresh gross domestic product (GDP) numbers, set to be released on Friday, will top London investors’ minds in a week that sees Wall Street banking giants kick [...]
US Data in Focus as we begin 2023 January 6, 2023 Back again for another year of trading and our focus immediately shifts to the world’s largest economy in the midst of the impending global recession that we are looking at heading into the rest of 2023. As manufacturing has showed a continuing slowdown this week we turn our attention to the first non-farm payrolls release [...]
US economy adds more jobs than expected in headache for Fed January 6, 2023 The US economy added more jobs than expected last month, but cooling wage growth may convince the Federal Reserve to hold off on repeating jumbo interest rate hikes this year, official figures out today reveal. Some 223k Americans bagged a new job last month, down slightly from November, according to data from the US Bureau [...]
CBDCs – the future of banking or an Orwellian Nightmare? January 6, 2023 Susie Violet Ward presents the case against central bank digital currencies, arguing they're a one-way ticket to trouble.