US Federal Reserve to deliver 75 basis point rate rise tomorrow June 14, 2022 The US Federal Reserve will shock markets tomorrow by beginning a 75 basis point rate hike cycle in a bid to shake inflation out of the American economy. That’s according to top Wall Street analysts, who said last Friday’s inflation overshoot will force Fed chair Jerome Powell and rate setters to deliver a monetary policy [...]
1 Minute Market Rundown – 14th June 2022 June 14, 2022 Celsius Insolvent?Risk ClatteredAll Eyes on Powell It was crypto that led the charge down both yesterday and over the weekend, with ETH at the vanguard. BTC had its worst single day performance in a year, while ETH slumped 18% over further concerns around its proposed merge. News on the day of Celsius’s insolvency exacerbated the [...]
Inflation and recession concoction sends global markets into the mire June 13, 2022 Mounting fears over the worst inflation crunch in recent history plunging the global economy into reverse sent the world’s biggest stock markets spiralling today. London’s FTSE 100 index slid 1.53 per cent, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per cent. Investors have [...]
US inflation smashes expectations in sign Fed will waive through further steep rate hikes June 10, 2022 US inflation has smashed expectations in a sign the Federal Reserve will waive through a series of steep and rapid rate hikes to prevent high prices from embedding in the American economy. Prices climbed 8.6 per cent over the last year, higher than Wall Street’s forecasts of 8.3 per cent, according to fresh figures published [...]
LIV Golf blasts ‘vindictive’ PGA Tour as £200m series begins to backdrop of bitter row June 9, 2022 LIV Golf accused the PGA Tour of being “vindictive” as the war of words between the two organisations spilled over into the first day of the £200m breakaway circuit. With what appeared to be pointed timing, the PGA Tour announced it had suspended all 17 of its members who have chosen to play the first [...]
European Central Bank confirms first rate rise in over a decade next month June 9, 2022 The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era of loose policy and low inflation is coming to an end. President Christine Lagarde and co said the central bank will lift rates 25 basis points next month, which will [...]
Post-Jubilee hangover on Monday from hell: ‘Fed up’ Londoners to work from home as tube strike brings city to standstill June 6, 2022 Travel chaos looms for millions of Londoners planning to return to work today after the long Bank Holiday break because tube stations across London are closed because of a strike. London Underground advised people not to travel, warning of severe disruption across the network from the start of service on Monday to 8am on Tuesday. [...]
Metaversal growing pains – the sky is just the beginning June 5, 2022 Dr Chris Kacher says the 50,000ft view of the prevailing trend suggests the sky is just the beginning for the metaverse.
City veteran John Allan prepares to step down as Barratt chair June 4, 2022 Titan housebuilder Barratt is planning to begin a search for a new chairman, with City grandee John Allan to step down. According to reports by Sky News, Allan, who also chairs the country’s largest supermarket, Tesco, is readying to hand over the reins of the construction giant. Barratt has reportedly asked headhunters at Russell Reynolds [...]
JP Morgan braced for economic ‘hurricane’, says Jamie Dimon June 1, 2022 JP Morgan boss Jamie Dimon warned of a coming economic “hurricane” today as he called on the US federal Reserve to implement quantitative tightening and hike interest rates.