India’s tech startup scene takes off as Paytm files for $2.2bn IPO July 16, 2021 Indian fintech startup Paytm has tabled plans to raise up to $2.2bn in an initial public offering, as the pandemic has stoked India’s digital economy. The Alibaba, Berkshire Hathaway, and SoftBank-backed firm said it will issue new shares worth $1.1bn and an offer for sale worth another $1.1bn. The startup, which competes with Google Pay [...]
Gold has had a bad month, but bullish activity could suggest a bottom July 15, 2021 The price of gold has dropped 5 per cent since the end of May. The majority of this decline can be attributed to an increase in interest rates following a recent US Federal Reserve Open Market Committee (FOMC) meeting). As inflation concerns grew, the Fed signalled a more “hawkish” direction with an expected hike in [...]
Gresham House assets grow steadily as ESG appetite endures July 15, 2021 Gresham House reported steady growth in the first half of the year in a trading update this morning, as interest in ESG investment continued to push its assets under management higher. The asset manager reported a 19 per cent rise in AUM to £4.7bn, with organic growth of £457m driven by its real estate division, [...]
US stocks muted as Powell moves to temper inflation fears July 14, 2021 US stocks were broadly flat on Wednesday morning after Fed Chair Jay Powell suggested that inflation could run hot in the coming months. The blue-chip S&P 500 edged up 0.08 per cent, while the Dow Jones added 0.01 per cent. The tech-heavy Nasdaq gained 0.02 per cent during the morning session. Read more: Powell: US [...]
Powell: US inflation likely to run hot in coming months July 14, 2021 US inflation is likely to continue to run hot in the coming months, according to the Chairman of the Federal Reserve. US Federal Reserve Chair Jay Powell said in remarks prepared for the US House of Representatives Financial Services Committee that price rises “will likely remain elevated in coming months”, but will “moderate”. Read more: [...]
Sharpest inflation increase since 2008 fails to drive Bitcoin demand July 14, 2021 The crypto markets are down again today, with both Bitcoin and Ethereum prices falling to levels not seen since late June.
History tells us there will be buy signals for Bitcoin investors July 13, 2021 Mixing it the metaverse, Dr Chris Kacher reassures investors that history dictates there will be visable buy signals.
How Fintech can harness the power of big data to redefine market forecasting July 13, 2021 Advances in predictive analytics using machine learning (ML) algorithms and blockchain technology demonstrate how innovations in financial services are challenging traditional systems to inform decisions, improve forecasting accuracy and bring better value to customers. As businesses seek to tap hidden intelligence within huge volumes of raw structured, semi-structured and unstructured data to support financial decision-making, [...]
US inflation surges at fastest pace in over a decade July 13, 2021 US inflation rose at the fastest pace in over a decade last month as severe supply constraints and shortages of key raw materials drove prices up sharply, according to new figures released on Tuesday. The US consumer price index rose 5.4 per cent annually in June, the largest increase since August 2008. The US CPI [...]
City A.M. TV: A market snapshot July 12, 2021 Last week’s price action left more questions unresolved than answered. Was Thursday’s weakness the start of a new pullback? Was Friday’s rally a dead cat bounce, or the start of a renewed uptrend? Have US 10 year bonds now put in their yield low? Indeed in the UK the pattern was similar with marked weakness [...]