Opinion-in-brief: Tik Tokking time bomb of misinformation September 23, 2021 Facebook has been under fire for a number of dramatic failings. But as lawmakers were focused on Zuckerberg’s empire, another social media time-bomb has been quietly ticking away in the background away from scrutiny: TikTok. Kids as young as nine were fed Covid-19 and vaccine misinformation within 35 minutes of signing up to TikTok, despite [...]
BoE signals looming tightening but keeps rates and QE unchanged – CityAM : CityAM September 23, 2021 The Bank of England today signalled it could rein in the wave of stimulus it unleashed in response to the Covid-19 crisis soon. The Old Lady’s committee of rate setters acknowledged the UK economy’s sharp rebound from the pandemic had strengthened the case for “some modest tightening of monetary policy.” Also Read: US Fed to [...]
FTSE 100 extends rally as investors eye MPC meeting September 23, 2021 London’s FTSE 100 continued its rally today as investors mull whether the Bank of England will follow the US Federal Reserve’s example and signal bond buying will taper this year. The capital’s premier index added 0.50 per cent to reach 7,119.04 points during the first hour of trading. The blue-chip index has recovered from heavy [...]
Markets today: Fed tilts towards a taper, Bank of England up next September 23, 2021 European markets underwent another strong session yesterday, as concerns about Evergrande diminished further, while markets in the US shook off their early week malaise by finishing close to the highs of the day in the wake of last night’s Fed meeting, which despite what looked like a fairly neutral statement, saw the central bank outline [...]
US Fed to rein in bond buying soon but keeps rates steady September 22, 2021 The US Federal Reserve held rates at record lows today, but did formally recognise it will likely rein in bond buying this year. The Federal Open Market Committee (FOMC) kept rates unmoved at 0-0.25 per cent, but said if the economy continues on a positive trajectory, it “judges that a moderation in the pace of [...]
UK farmers over the moon as Biden agrees to lift 32-year old US ban on British lamb September 22, 2021 President Joe Biden’s administration is planning to lift a 32-year old ban on the import of British lamb, in a move that has delighted sheep farmers in the UK. Prime Minister Boris Johnson highlighted the move to lift the ban while speaking to reporters in Washington D.C. earlier this afternoon, as he admitted he is [...]
FTSE 100 tops 7,000 as investors eye Fed rate decision September 22, 2021 London’s FTSE 100 topped the 7,000 this morning as investors shift their focus from the potential impact if embattled Chinese property developer Evergrande collapses to today’s rate decision by the US Federal Reserve. The capital’s premier index climbed 0.87 per cent to 7,041.72 points during early exchanges. The US central bank will announce its next [...]
Markets: Fed decision the key focus later today as Evergrande uncertainty remains September 22, 2021 Turnaround Tuesday may have been an apt description for markets in Europe yesterday, however the performance of US markets was much less exuberant, with the S&P500 and Dow both closing the day lower, after initially looking as if they were going to follow suit and post a decent rebound. “That failure to recover even some [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
Fed to rein in stimulus measures this year September 19, 2021 The US Federal Reserve is expected to outline its plan for reining in the wave of stimulus measures it launched in response to the Covid crisis this week. Experts are anticipating the Fed will formally recognise its intentions to reduce the pace of its bond buying programme this year after it concludes its rate setting [...]