FTSE 100 plummets as just two stocks register gains July 8, 2021 London’s FTSE 100 slid in afternoon trading on Thursday, with just two stocks in the entire index notching gains. The capital’s premier index fell sharply this afternoon, down 2.24 per cent, the highest fall for three weeks. The fall was driven by sentiment among investors souring on fears that the current surge in Covid cases [...]
FTSE 100 climbs as surging commodity prices boost industrials July 7, 2021 London’s FTSE 100 climbed this afternoon after a rally in commodity prices boosted industrial stocks. The capital’s premier index gained 0.43 per cent to reach 7,129 in afternoon trading. The rise was driven by surging oil and raw material prices providing a boost for oil majors, miners and steel producers. Oil prices soared to a [...]
Investors set to scrutinise Fed’s mettle amid inflation surge July 7, 2021 Investors will be looking for any signs of the Federal Reserve wobbling on its ultra-loose monetary policy stance as inflation surges in the US when minutes from its latest FOMC meeting are published today. Last month, the Fed was bullish on the inflation outlook, reiterating that price rises are purely transitory and will ease once [...]
Mother Nature likes Bitcoin and the Metaverse July 6, 2021 The Metaverse turns human beings into digital avatars on its landscape, explains Crypto AM columnist Dr Chris Kacher.
US labour market roars back to life as firms hire 850,000 workers in June July 2, 2021 US businesses embarked on a hiring spree in June, with the American economy adding 850,000 jobs, new figures published today reveal. The sharp rise builds on May’s 583,000 increase, triggered by companies seeking to boost output to cope with surging demand. The gains in hiring blew away predictions by experts. Economists polled by Reuters had [...]
Should EM investors be worried about tapering? June 30, 2021 In our latest Economic and Strategy Viewpoint we brought forward our expectations for Federal Reserve (Fed) policy tightening. We still think that the current bout of inflation in the US will prove to be largely transitory. However, the strength of the US economic recovery means that we now expect underlying price pressures to build next year such [...]
England 2, Germany 0: England rip up the script on night of release for fans and Gareth Southgate June 29, 2021 For England, matches against Germany have historically been about pain, injustice, recurring nightmares and inferiority. At Wembley, in front of the biggest sports crowd the UK has witnessed since before the pandemic, they rewrote the script. This time around it was about joy, deserved victory, resilience and glorious possibility. But more than anything it was [...]
The metaverse delivers a massively transformative purpose June 29, 2021 Dr Chris Kacher explains how the metaverse delivers a massively transformative purpose for all.
In centralised finance we distrust June 27, 2021 Crypto AM columnist Dr Chris Kacher talks about his lack of faith with centralised finance and how BTC can beat the FUD.
City A.M. TV: A market snapshot June 25, 2021 US equity markets have since bounced, recovering most of their losses.