DP World Tour Championship and Race to Dubai 2020 prize money: Up to $5m on offer to winner in European Tour finale December 8, 2020 Two of golf’s biggest prize money payouts will be settled this week when the DP World Tour Championship concludes the Race to Dubai. The winner of the former stands to bank $3m, the biggest single tournament winner’s prize in the sport. Whoever wins the Race to Dubai, the European Tour’s order of merit, meanwhile, will [...]
Could Goldman Sachs teach the UK how to level up organically? December 8, 2020 Almost exactly one year ago, a freshly elected Conservative government made “levelling up” one of its core priorities. Facing a new parliament with a healthy majority and a dynamic Prime Minister (remember that?), the government promised to bring individual prosperity to regions of the UK which had been “left behind”: not just the big cities [...]
Eurozone investor sentiment soars amid vaccine optimism December 7, 2020 Positive vaccine news has made Eurozone investors vastly more cheery, with a closely watched sentiment index hitting its highest level since February. The Sentix Eurozone investor sentiment index jumped to minus 2.7 in December from minus 10 in November, the data company said today. Driving the surge was a sharp recovery in investors’ views of [...]
Are supermarkets right to return their business rates relief to the Treasury? December 7, 2020 Are the big supermarkets right to return their business rates relief to the Treasury? Josh Williams, speechwriter and managing director at The Draft, says YES. Doing well in a crisis is a risky business. There is a thin line between those who turn a profit and those who profiteer. The supermarkets have had a good [...]
ETP and gold flows December 4, 2020 Twenty-one percent of all dollars in circulation were printed in 2020 a number that tends to be mentioned a lot by monetary policy doomsayers and Bitcoin maximalists alike; on the other side of the fence, arguments are that inflation is nowhere to be seen, let alone hyperinflation. With interest rates expected to remain near record [...]
Before the bell: Equity sentiment slips while all eyes are on OPEC November 30, 2020 Equity markets had a positive run last week on the back of more progress being made with respect to developing a Covid-10 vaccine. In addition to that traders are more optimistic that President Trump will leave office quietly in January. The main story of the week was that the drug being developed by AstraZeneca and [...]
Antony Blinken and the tragedy of America’s foreign policy establishment November 30, 2020 I was recently speaking to an DC-insider friend of mine about the appointment of Antony Blinken as America’s next secretary of state. My old colleague — a veteran of my seminal struggles with the neo-conservatives around the time of the Iraq War, a passionate Republican Never-Trumper and card-carrying member of the Washington establishment — summed [...]
Before the bell: Calm day expected as US celebrates Thanksgiving November 26, 2020 Equity markets were relatively quiet yesterday as some dealers banked their profits from the ground that was gained earlier in the week. “The mood in the markets was assisted by the growing feeling that there will be a smooth had over of power from President Trump to President-elect, Joe Biden,” David Madden, market analyst at [...]
Before the bell: Quiet start for Europe as all eyes are on US data November 25, 2020 It was another bullish day for global stock markets yesterday as sentiment was lifted by the vaccine hopes as well as the prospect of President Trump departing from his role in January in a calm and measured manner. The update on Monday from AstraZeneca-Oxford University that its potential Covid-19 vaccine has made great progress in [...]
Investor sentiment in City upbeat as Trump hints at orderly transfer of power November 24, 2020 Despite the lacklustre start to this week’s trading, investor sentiment in the City and beyond is certainly becoming much less pessimistic. This renewed push appears to have come about as a result of overnight events in the US, where Joe Biden is starting the transition process to a new US administration next year. “President Trump [...]