Rate lift off to boost Wall Street banks’ bottom lines this year as investors eye earnings season January 11, 2022 The US Federal Reserve flexing its inflation fighting muscles this year by hoisting interest rates rapidly is set to boost Wall Street banks’ bottom lines in 2022. The likes of JPMorgan, Goldman Sachs and Citi are in line to benefit from Fed chair Jerome Powell leading the fight against a spiralling cost of living across [...]
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]
Buckle up: Wild ride on Wall Street as rate rise talk spooks investors January 10, 2022 An explosive Goldman Sachs note triggered a day of drama on Wall Street today after the investment bank warned of as many as four US Fed rate rises in 2022 alone. The tech-heavy Nasdaq crashed by as much as 2.7 per cent in early trading, tipping it briefly into correction territory. A late rally saw [...]
US Federal Reserve to launch rate hike spree in 2022 January 10, 2022 The US Federal Reserve will launch a hiking spree this year as the world’s most influential central bank zeroes in on spiralling inflation in America, according to City analysts. The Fed will hoist interest rates at least four times in 2022 in a bid to tame red hot price rises that are already seeping into [...]
An eyebrow-raising week in the world of cryptocurrency January 10, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week at around $46,000 and saw a significant sell-off throughout the seven days.
Podcast platform Audioboom hits high note with 125 per cent revenue boost January 10, 2022 Nick Candy-backed podcast Audioboom records a revenue boom of 125 per cent, making it the fourth largest publisher in the US.
Some light at the end of the crypto tunnel for Bitcoin? January 10, 2022 Bitcoin continues to hold above the psychologically-important $40k level this morning – a level it hasn’t fallen below since September 2021.
All eyes on yields this week after latest job data points to even tighter labour market amid record vacancies January 10, 2022 It was a week of two halves for European equity markets last week, getting off to a flyer in the first three days with the Stoxx600, setting a new record high, along with the CAC40 and the FTSE100 moving above 7,500 for the first time since February 2020. The latter part of the week turned [...]
US Fed’s hawkish tilt pours cold water on global markets January 6, 2022 The sudden realisation that equity markets may not be propped up by ultra loose monetary policy for much longer after the US Federal Reserve released minutes highlighting the scale of its hawkish turn poured cold water on investors today. London’s premier FTSE 100 index closed 0.88 per cent lower at 7,450.37 points, while the mid-cap [...]