Week ahead: City braces for Russia-Ukraine hit to economic activity April 3, 2022 The City will be combing through a week of closely watched economic data for signs of the Russia-Ukraine war weighing on growth. London’s premier FTSE 100 index rose 0.73 per cent last week to close at 7,537.90 points. The domestically-focused FTSE 250 index fared better, climbing 1.25 per cent. Fresh services purchasing managers’ indexes (PMI) [...]
What cost of living crisis? MPs give themselves a pay rise of nearly 3 per cent to £84,144 April 1, 2022 MPs’ salaries rise to £84,144 from today, up by 2.7 per cent, after the Independent Parliamentary Standards Authority (IPSA) announced last month that their pay would go up for the first time in two years. But it comes on the same day that the biggest jump in domestic energy bills in living memory has come [...]
1 Minute Market Rundown – 1st April 2022 April 1, 2022 Russia – UkraineQ1 finally behind usCrypto consolidates Well we can finally put Q1 behind us. A war few expected to happen, nominal yields had a move not often seen, oil soaring and stocks…well that’s a bit more mixed as looking at the S&P performance on the quarter you would be forgiven if you forgot how [...]
Q&A: will the gold price surge continue? March 31, 2022 James Luke explains the effect that Russian sanctions and Fed rate rises are having on gold, and what may lie ahead for the precious metal. Gold prices have been on an upward trend since mid-January, accelerating sharply upon Russia’s shocking invasion of Ukraine towards the end of February as investors flocked to perceived safe haven [...]
It’s time to raise the bar on service – why companies should expect more from digital partners March 31, 2022 Over the last few years, we’ve seen incredible digital progress – across industries, employees and society. In some cases completely transforming what is possible almost overnight. And everything we’ve learned from the past few years of challenge and progress is now directly impacting the way business leaders make decisions to prepare for the future. Resilience, [...]
1 Minute Market Rundown – 30th March 2022 March 30, 2022 Russia – Ukraine de-escalation?Asian Stocks higherCrypto consolidates Risk continues to trade firm overnight and this morning as the market begins to see the path of least resistance as a de-escalation in geopolitical risks from the Ukraine invasion. It would take a brave person to say we are completely out of the woods but it is [...]
US Federal Reserve to move twice as quick at next meeting March 29, 2022 The world’s most influential central bank will hike interest rates by more than double the amount it usually does at its next meeting to send a strong signal that it is serious about taming red hot inflation. The US Federal Reserve will lift the world’s most important interest rate 50 basis points on 4 May, [...]
Recessionary threads begin to weave through present economic landscape March 29, 2022 This week, Bank of England governor Andrew Bailey warned this year’s energy shock will be bigger than any seen during the 1970s. The ripple effects on consumers from soaring energy bills has sparked a wave of economists to slash this year’s growth forecasts on concerns spending will be knocked by a steep fall in living [...]
Bus routes disrupted as drivers carry on with 48-hour strike against operator Arriva March 29, 2022 Around 30 London bus routes were disrupted in the last two days, as drivers continue to carry on with their 48-hour strike against bus operator Arriva London. The walkout was scheduled to last from yesterday until 3am tomorrow. Called on by the union Unite on Friday, the strike involves drivers based in depots around Croydon [...]
1 Minute Market Rundown – 28th March 2022 March 28, 2022 Russia – UkraineBanks predict a more aggressive FEDCrypto looks to break out…finally Markets currently have two themes. The first is the bond market which continues to trade as if it’s on the receiving end of a slap from Will Smith. Yields relentlessly push higher as the market continues to reprice an even more hawkish FED. [...]