Yum Som restaurant review January 13, 2016 Yum Som 1-6 Leadenhall St, EC3V 1PP WHAT? A recently opened Asian fast food restaurant serving up giant salads, grab and go boxes of meat and tofu noodles, as well as subs, soups, sushi and those neat little rice paper rolls. WHERE? It’s on the corner of Leadenhall Street and Bishopsgate, by everybody’s favourite towering [...]
Three tips to achieve your career goals and ambitions in 2016 January 13, 2016 If you're feeling fed up just seven working days into 2016, you aren’t alone. Research by CV-Library found that almost one in three of us return to work in January feeling unhappy about our job. The study, published in December, estimated that 7.7m workers in the UK were considering leaving their post in the new [...]
As analysts slash their oil forecasts for 2016, will prices fall to $20 per barrel this year? January 13, 2016 David Morrison, senior market strategist at Spread Co, says Yes. The oil selloff began over 18 months ago. The trigger was the US dollar turnaround as the Federal Reserve prepared to end QE. The dollar rally continued as divergent policies between the worlds’ major central banks became ever more apparent. Last month, the Fed hiked and [...]
After one of the worst starts to a year on record, will 2016 prove a poor year for stock markets? January 11, 2016 Paul Markham, Newton’s global equities portfolio manager, says YES For equities overall, it is clearly too early to tell whether a bad start to the year is a sign that 2016 will be challenging. However, it is true that leadership of markets in recent months has been ever narrower, with a small number of large-cap stocks [...]
US jobs smash expectations again as non-farm payroll leaps January 8, 2016 The US economy added 292,000 jobs in December, smashing expectations of a 200,000 rise – and proving employers were unperturbed by the Federal Reserve's decision to raise interest rates. The figure was a rise on November's 252,000 (which itself was way above expectations), although slightly lower than the 307,000 in October. Meanwhile, wages grew 2.5 per [...]
The yuan and dollar currency cross must devalue significantly January 8, 2016 At least two large and previously successful hedge funds have recently closed, citing as reasons the breakdown of their crystal balls and interestingly blamed on the growth of algorithmic trading. We argue differently. What is making investing hard is that global flows are increasingly dominated by the two major economies: the US and China. The [...]
December 2015 FOMC Minutes: Federal Reserve policymakers concerned about slow inflation despite rate hike January 6, 2016 The Federal Reserve minutes from its meeting in December show officials expressing “significant concern” about slow inflation, despite the milestone move to hike interest rates. Led by chair Janet Yellen, the US central bank moved to raise short-term interest rates for the first time in nearly a decade at its meeting on 15-16 December, from [...]
Interest rates, a Fintech revolution and more investment in the UK: what former Lord Mayor Roger Gifford predicts for the City of London January 6, 2016 Sir Roger Gifford, member of Multrees Investor Services Board and former Lord Mayor of London, tells City A.M. what he expects for the City of London in 2016. The Fintech revolution The importance of Fintech to London can perhaps be seen most clearly through the 44,000 plus people who are employed in the sector – [...]
Another hedge fund bites the dust as Nevsky Capital unveils plans to close flagship fund January 5, 2016 There goes another hedge fund: it's been reported that Nevsky Capital is planning to close its $1.5bn flagship fund – with the fund's founders saying the market environment "is increasingly incompatible" with their investment process. Money will be returned to investors after managers of the Irish-domiciled fund, which invests in emerging and developed market equities, voiced concern [...]
Dow Jones suffers worst start to the year since 2008 – as more than £38bn is wiped off FTSE 100 thanks to China volatility and Middle Eastern uncertainty January 4, 2016 Fears over China sent US stocks tumbling yesterday, with the Dow Jones Industrial Average down 467 points at its low for the day – headed for its worst first-day percentage drop since 1932. The index fell by 1.58 per cent to 17,149. The Nasdaq dropped 2.08 per cent and the S&P 500 lost 2.35 per cent, giving both [...]