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 [...]
Rallying travel stocks lift London markets September 16, 2021 London’s FTSE 100 edged up today on a rally among travel stocks, helping to partly reverse yesterday’s poor performance. The capital’s premier index gained 0.16 per cent to hit 7,027.48 points, partly evening out losses registered on a choppy day on London markets yesterday. The likes of aerospace engineer Rolls Royce and British Airways parent [...]
Rallying travel stocks lift FTSE 100 – CityAM : CityAM September 16, 2021 London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance. The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday. Also Read: Pre-departure Covid tests may be ditched to [...]
Super efficient DAOs can change the world, and they’re only just starting September 14, 2021 DAOs are just getting started with seemingly limitless potential, says Dr Chris Kacher.
FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]
ECB to rein in Covid stimulus measures but promises to maintain support September 9, 2021 The European Central Bank announced today it will start reining in the wave of stimulus measures it unleashed in response to the Covid crisis, becoming the first of the world’s big three central banks to do so. The ECB said the Eurozone economy’s rapid economic recovery from the Covid crisis has engineered favourable financing conditions, [...]
Receding tapering fears propel FTSE 100 to three-week high September 6, 2021 Waning fears over central banks in developed economies scaling back monetary stimulus measures helped to propel London’s FTSE 100 to its highest level for three weeks today. The capital’s premier-index gained 0.71 per cent to hit 7,189.00 points heading into the final hour of trading. The blue-chip index was led higher by advertisers and broadcasters [...]
Pound rallies against the dollar on weaker than expected US jobs growth September 3, 2021 Hiring in the US economy in August plunged below expectations as the spread of the Delta variant of Covid across America weighed heavily on employer and employee confidence, prompting the pound to rally against the dollar. Figures released by the US Labor Department show nonfarm payrolls jumped by 235,000 last month, over 500,000 below analysts’ [...]
Extinction Rebellion blocks roads outside Bank of England September 2, 2021 Roads outside the Bank of England remain closed as Extinction Rebellion protestors, including 50 activists who are breaking bail conditions, stage a sit-in. In a Tweet this afternoon, the Metropolitan Police confirmed that Queen Victoria Street is closed after green activists made their way from the Tate Modern to the doors of the Bank of [...]
Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]