Treasury tremors: how does the current sell-off compare with past episodes? April 16, 2021 US Treasuries have seen the second worst start to a year and third worst quarter in 50 years. It is another eye-catching development amid what have been extreme conditions in markets and the economy over the past year. Bond markets have seen particularly unusual circumstances, with yields falling ever lower and an increasing number of [...]
Goldman Sachs smashes profit expectations as global M&A and SPAC boom pushes fees higher April 14, 2021 Goldman Sachs smashes profit expectations on global M&A and SPAC boom
We’ve quickly jumped from a literary age to a time of video games April 14, 2021 Dr Chris Kacher plots the pathway from a time of books and reading to a $200bn global gaming age.
Markets today: More US records while European markets snooze April 14, 2021 It’s been a slow start to the week for European stocks with little in the way of volume or direction, and it looks set to be a similar pattern today. The same can’t really be said for US stocks which continue to make new record highs, with the Nasdaq and the S&P500 pushing ever higher, [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Optimism over reopening of pubs and shops tempered by concerns over next month’s elections April 12, 2021 In a week that saw the FTSE100 close at its best levels in over a year, optimism over this week’s economic reopening of outdoor pubs, shops, gyms and hairdressers, appears to be being tempered by concerns over next month’s local and regional elections. There is particular focus on how well the SNP might do in [...]
Greensill lobbying row: Matt Hancock ‘had private drink’ with Cameron and Lex Greensill April 11, 2021 Matt Hancock met former PM David Cameron and financier Lex Greensill for a “private drink” in which the pair lobbied the health secretary to introduce a payment scheme that was later offered by the NHS. The “private drink” took place in October 2019 and the trio were joined by Bill Crothers, the former head of [...]
S&P 500 and Dow climb for third day and close at records April 9, 2021 The S&P 500 and the Dow rose to close at record highs, posting a third straight weekly rise partly on lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week. The Dow Jones Industrial Average rose 299.21 points, or 0.89 per cent, to 33,802.78, the S&P 500 gained [...]
Markets: Indexes in London and New York push further into record territory April 8, 2021 FTSE roars to highest levels since February 2020 as Wall St inches up
Wall Street dips after Fed minutes affirm low interest rates for longer April 7, 2021 Wall Street dropped towards the end of trading, as traders digested the latest update from the Federal Reserve latest’s meeting. The Dow Jones, and Nasdaq indexes are currently down by 0.06 and 0.07 per cent respectively, while the S&P 500 is performing a little better, up 0.6 per cent. The Fed struck a dovish tone [...]