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 [...]
UK’s economic reopening takes off as Europe lags further behind April 7, 2021 Friday’s bumper US payrolls report saw both the DAX and Stoxx600 post new record highs yesterday, following on from similarly record sessions in the US on Monday, and while the FTSE100 continues to lag behind, the FTSE250 was still able to close within touching distance of a record close. China and the US aside, which [...]
Rise & grind: Employers splurge on keeping teams caffeinated while working remotely April 6, 2021 Employers kept staff fed and caffeinated while working from home during the pandemic, making up for the loss of coffee and sweets available at the office by expensing Starbucks and Deliveroo orders. Keeping teams fed and caffeinated while working remotely made up nearly 36 per cent of all expenses claimed during January to November 2020, [...]
City A.M. T.V Daily Market Snapshot (video) April 6, 2021 Daily market snapshot: Having largely traded sideways in February and March, US equity markets have broken out to the upside over Easter.
Moving into a brave new blockchain world is the answer to authoritarianism April 6, 2021 Moving into a brave new world with blockchain is the answer we need to authoritarianism in a crisis-hit world, says Dr Chris Kacher.
Wall Street hits record high after FTSE 100 ends first quarter in the red March 31, 2021 Wall Street has posted its fourth consecutive quarter of gains after tech stocks pushed the S&P 500 to a record high today. The S&P 500 closed up 0.57 per cent, just shy of hitting 4,000 points for the first time as hopes of economic recovery offset a spike in US Treasury yields and the collapse [...]
March is over: UK led vaccine battle this quarter but European markets outperformed March 31, 2021 As it is the end of the month, as well as the quarter, it is perhaps worth reflecting on the fact that it’s been a fairly decent period for equity markets, despite the lockdowns across Europe and in the UK. Having said that, there has been mixed progress on the vaccine rollout, with the UK [...]
NHS hits back in legal row over £23m data deal with Palantir March 30, 2021 The NHS has been thrown into a row with campaigners amid a legal row over a £23m deal with secretive US tech giant Palantir to process sensitive health data. Palantir first began working with the NHS in March last year as part of efforts to tap into a vast data store of health information to [...]
Vigilance is the key to calling crypto markets – there is no black box March 30, 2021 Dr Chris Kacher explains the major market risks, but stresses that vigilance is the key to cracking cryptocurrency markets.
City A.M. TV: Daily Market Snapshot (video) March 30, 2021 Despite concerns in the market regarding the fire sale of Archegos’ assets, the major global equity indices were largely unchanged on the day. In that respect they have held up well. The MSCI world equity index, for example, eased off by a modest 0.3%, the S&P500 was essentially flat (-0.1%), while French, German and the [...]