US stocks open near record highs while FTSE 100 stays in the green June 15, 2021 US stocks opened near record highs today as attention turned to the Federal Reserve for cues on whether a jump in inflation will prompt a tapering in monetary policy. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite was [...]
In centralised finance we distrust June 15, 2021 Dr Chris Kacher reflects on the history books and explains his use of metrics as a buying guide to Bitcoin.
$40,000 achieved as Paul Tudor Jones piles in on Bitcoin June 15, 2021 Bitcoin continues to surf a wave of good news, with yesterday adding bullish billionaire investors to recent national adoption news, Musk’s re-emergence, and more MicroStrategy buying.
Wall Street muted at open while FTSE 100 cuts morning gains June 14, 2021 Wall Street’s main indexes were muted today as focus shifted to this week’s Fed meeting where the central bank is expected to maintain its accommodative stance on monetary policy. The Dow Jones Industrial Average was down 0.3 per cent, while the S&P 500 fell 0.1 per cent at the open, remaining near an all-time time. [...]
City A.M. TV: A market snapshot June 14, 2021 The S&P500 continued its slow ‘grind higher’ last week, with the cash index eking out a small gain (of 18 points, i.e. 0.4 per cent). Traded volumes on the NYSE were low, highlighting the general quietness of equity markets while levels of complacency remained elevated (e.g. with low volatility and put to call ratio readings). [...]
England 1, Croatia 0: It wasn’t perfect but England have won hardest game, the sun shone and Wembley sang. And that’s enough for now June 13, 2021 An awful lot has happened in the three years since the World Cup but some things remain the same. England can look like world beaters one minute and lightweights the next, rampant for spells and then frustratingly meek in others. The difference was that this time they managed to hold onto a lead against Croatia, [...]
Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]
Before the Bell: UK economy expected to show an April boost June 11, 2021 A rather strange thing happened yesterday after US CPI hit its highest levels since 2008 at 5 per cent and core CPI hit its highest levels since 1992, at 3.8 per cent. US 10 year yields after initially spiking higher, dropped sharply to hit their lowest levels in three months, below 1.44 per cent, as [...]
US inflation rate climbs at fastest pace since 2008 June 10, 2021 US inflation has soared to the fastest annual rate since the financial crisis, fuelling concerns of early policy tightening by the Fed. The Labor Department said its consumer price index (CPI) rose 0.6 per cent last month after surging 0.8 per cent in April. In the 12 months to May, CPI accelerated five per cent, [...]
Wall Street opens higher while FTSE 100 stays in the green June 10, 2021 Wall Street’s main indexes rose today as investors shrugged off a surge in consumer prices that raised concerns of early policy tightening by the Fed. The Dow Jones Industrial Average was up 0.6 per cent, while the S&P 500 advanced 0.4 per cent at the open. Meanwhile, the tech-heavy Nasdaq gained 0.2 per cent. Wall [...]