US Federal Reserve hikes rates at quickest pace in over two decades May 4, 2022 The world’s most influential central bank today hiked interest rates at the quickest pace since 2000 in a sign the era of cheap money is coming to an end. The US Federal Reserve lifted the financial system’s key interest rate 50 basis points to a range of 0.75-1 per cent as it scrambles to douse [...]
Steeper US Fed rate hike sends investors wobbling May 4, 2022 The prospect of the world’s most influential central bank hiking interest rates by double the amount it normally does weighed on London’s top indexes today. The capital’s premier FTSE 100 index dropped 0.9 per cent to 7,493.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Bitcoin volumes pick up, but price stays flat ahead of Fed’s interest rate decision May 4, 2022 Bitcoin, the largest cryptocurrency by market cap, currently sits at $38,800 again this morning – up 0.5 per cent over the past 24 hours.
The City View: Michael Hewson on why calls for a windfall tax are misplaced May 3, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China’s zero-Covid policy has had on manufacturing in the country. And in other news [...]
Gold prices hit by resurgent dollar and upcoming interest rate hike May 3, 2022 Gold prices showed some signs of recovery this afternoon after tumbling to a two-and-a-half month low earlier in the day.
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 [...]
Investors brace for more US Federal Reserve and Bank of England rate hikes May 3, 2022 Traders in the City and Wall Street are this week bracing for their respective central banks to push on with more rate hikes in response to a historic inflation crunch on either side of the pond. The US Federal Reserve and Bank of England announce their next interest rate decision tomorrow and Thursday respectively. Both [...]
Week ahead: Wall Street and City eye central bank rate decisions May 2, 2022 Traders in the City and on Wall Street will be eyeing how much their respective central banks hike interest rates by in a week of key economic and corporate announcements. London’s premier FTSE 100 index posted a reasonable performance last week, adding 0.3 per cent to finish at 7,544.55 points, while the domestically-focused mid-cap FTSE [...]
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 [...]
US economy unexpectedly shrinks in sign of coming global growth cool down April 28, 2022 A sharp pullback in businesses spending to build up stock to avoid being spiked by intense supply chain disruption has led the US economy to unexpectedly shrink in a sign that global growth will cool this year. Stateside output dropped 1.4 per cent in the first three months of the year, a huge miss from [...]