Coronavirus: The end for business travel? April 24, 2020 Nobody has missed the chaos caused in aviation by the Covid-19 crisis. One of the first industries to be hit, the global travel body IATA is forecasting a £17.3 bn revenue loss for the UK alone. With border restrictions coming into force across the world, international flights have become scarce and some business commentators argue [...]
Johanna Kyrklund: It pays to be patient April 22, 2020 As lockdown continues for millions of us across the world, unsure of when we will see loved ones or return to our places of work, we all know we must be patient. Good things come to those that wait, as they say. This seems to me to be true not only from a personal viewpoint, [...]
Cash is king…until it isn’t April 21, 2020 George Zarya is the CEO of cryptocurrency exchange BEQUANT. Founded in May 2018, BEQUANT Exchange averages over a billion dollars in monthly volume with more than 200 active institutional clients. The ongoing fight of the Covid-19 pandemic has accelerated the global trend towards cashless society. Here he argues the case that the days of cash [...]
FTSE 100 stabilises after dire US jobless claims data April 16, 2020 The FTSE 100 stabilised today despite the news that another 5.2m US workers will become unemployed, taking the total number of jobless claims in the last month to over 22m. London’s blue chip index managed a 0.6 per cent rise, despite an earlier wobble, with traders sanguine despite the extraordinary figures. The gains, which left [...]
Downturns this deep can take a long time to recover from, financially and mentally April 16, 2020 The stock market has declined by 25% or more on 11 occasions since 1871. The median recovery time from this point has been 1.8 years. Investors who shifted to cash after the 1929 crash faced a 34-year wait to break even, compared with 15 years for those who remained invested and less than 7 years [...]
US stocks rise as investors focus on Chinese trade recovery April 14, 2020 US stocks have risen sharply in early trading as investors take heart in better-than-expected Chinese economic data and as state governors weigh up easing coronavirus lockdowns. The S&P 500 index was 2.3 per cent higher roughly an hour after the bell. The Dow Jones was up two per cent and the Nasdaq had risen 3.1 [...]
Coronavirus: US stocks rise as Fed intervenes again April 9, 2020 US stocks have opened higher today after the US Federal Reserve committed an extra $2.3 trillion (£1.84 trillion) to shore up the struggling economy. The S&P 500 rose two per cent, the Dow Jones climbed nearly 2.1 per cent and the Nasdaq opened 0.9 per cent up. The rise means that the S&P 500 has [...]
US jobless claims hit 6.6m as coronavirus slams economy April 9, 2020 US jobless claims hit 6.6m last week as a result of the coronavirus pandemic which has wreaked economic chaos. The data from the Department of Labor showed 6.6m Americans claimed unemployment benefits for the first time last week. Last week the Department of Labor said 6.6m had claimed for unemployment benefits for the first time, [...]
Coronavirus: US Federal Reserve pledges another $2.3 trillion in loans April 9, 2020 The US Federal Reserve has promised an extra $2.3 trillion (£1.84 trillion) of loans to shore up the US economy as American unemployment surged for the third week in a row amid the coronavirus crisis. Fed chairman Jay Powell said the money would be made available for employers and households to help them through the [...]
Coronavirus shows the value of circuit breakers April 6, 2020 Market volatility is back with a vengeance. We’ve not seen this level of trading activity since 1987 and it has presented fresh challenges to global markets. Back in 1987, the trading infrastructure failed to cope, and the collapse of equities overwhelmed the trading communication systems of the time, which caused outages and left orders unfinished. [...]