FTSE 100 leaps as strong earnings drive index higher April 29, 2021 London’s FTSE 100 was boosted by a series of positive earnings this morning as the index shot up by 0.6 per cent. The blue-chips were buoyed by gains in medical products maker Smith & Nephew, who accelerated to the top of the index after revenue growth in the first quarter. The increase was also supported [...]
Fed keeps rates and bond buying unchanged but notes “strengthened” recovery April 28, 2021 The Federal Reserve has left interest rates and bond buying unchanged but is encouraged by a “strengthened economy”. “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened,” the central bank said. The result of the FOMC result is as analysts expected but the vaccine rollout and additional stimulus [...]
FTSE 100 rises while US stocks mixed as investors await Fed meeting April 28, 2021 The FTSE 100 closed higher after a busy day of results while US stocks are mixed as investors awaited the outcome of the US Federal Reserve’s policy meeting. London’s blue-chip index closed 0.27 per cent higher boosted by a series of positive earnings updates from WPP and Lloyds. Investors’ focus now turns to the US [...]
Gridserve: we visit London’s electric filling station of the future April 28, 2021 Described as the ‘world’s first electric forecourt’, Gridserve is an EV charging hub powered by sustainable energy. We discover how it works.
Mayor of London election: Minor candidates create a race within a race April 27, 2021 This year’s mayor of London election has set a record for the most ever candidates – a 20-strong field of career politicians, chancers, grifters, oddballs, cranks, culture warriors and earnest small party hopefuls. The race itself has provided little interest for the public at large, with a Sadiq Khan victory a foregone conclusion at a [...]
Mobile surge coming as reserve currencies reach life expectancy April 27, 2021 Mobile devices will economically empower the masses, says Dr Chris Kacher, as reserve currencies bow out.
City A.M. TV: Daily Market Snapshot (video) April 26, 2021 Since early April, US equity markets have been in a persistent uptrend. That’s been is aided and abetted by (i) notable US dollar weakness; (ii) lower bond yields (resulting in tech outperformance); and (iii) a strong Q1 earnings season, with most US companies surprising markets to the upside. In that respect, and while US equity indices [...]
Set the tone: Central bankers can move markets or ease volatility based on their vocal pitch April 21, 2021 When it comes to absorbing shocks, boosting stocks or reducing volatility markets take their cues from the tone of voice central bankers use
Netflix catches a chill while inflation is knocking at the door April 21, 2021 When you see American Airlines fall 8 per cent because it announced a bigger-than-expected loss in the first quarter, you are fine with that information. But when you see Netflix plunge 10 per cent after-market because it missed estimates, that’s a shocker. Netflix surprised to the downside yesterday, according to Ipek Ozkardeskaya, a senior analyst [...]
The dinosaur can’t evolve – it’s time for tech and crypto to take over April 20, 2021 Legacy banking has become a joke, a dinosaur that fails to cope with the fast paced, ever-changing technological climate, says Dr Chris Kacher.