Food prices drop for first time in four years due to anti-stockpiling measures in 2020 lockdown April 28, 2021 Food prices fell this month for the first time in four years in comparison to last year, when retailers paused discounting to reduce stockpiling at the beginning of the pandemic. Prices fell 0.6 per cent in April, down from a rise of 0.3 per cent in March, marking the first time food prices have been [...]
UK inflation climbs to 0.7 per cent in March April 21, 2021 The UK’s Consumer Prices Index (CPI) rose to 0.7 per cent in March, from 0.4 per cent in February, official ONS figures showed this morning. CPI was boosted by rising fuel costs and clothing but was partially offset by falls in the price of food. The ONS said prices charged by manufacturers rose by 1.9 [...]
Before the Open: Late US tech selloff set to act as a drag on European open April 15, 2021 US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day lower, while the Dow and Russell 2000 finished higher on the day. Despite the mixed close the S&P500 and Dow still managed to post new record highs. Coinbase finished its first day of trading, closing [...]
US inflation data beats expectations as Americans spend their Covid stimulus cheques April 13, 2021 US inflation rose 2.6 per cent year-on-year in March, ahead of analyst expectations of a 2.5 per cent rise, as more of Washington’s fiscal stimulus filtered down into the real economy. It’s a jump from the 1.7 per cent inflation rate measured last month. The month-on-month rate in March was a 0.6 per cent jump [...]
UK CPI: Inflation rate falls back in February as discounted clothes offset rising petrol prices March 24, 2021 The UK’s Consumer Prices Index (CPI) slipped in February compared to the previous month as rising petrol costs failed to offset discount clothing and footwear. UK CPI rose 0.4 per cent in the 12 months to February, down from a 0.7 per cent rise in January. On a monthly basis, CPI rose by 0.1 per [...]
Wall Street and FTSE 100 push higher as markets shrug off Astrazeneca saga March 16, 2021 Wall Street rose to record highs this afternoon as tech stocks gained momentum ahead of a two-day policy meeting for the Federal Reserve. The S&P 500 was up 0.27 per cent to an all-time high while the tech-heavy Nasdaq jumped 1.17 per cent, extending a rebound in stocks following last month’s sell-off. The Dow Jones [...]
Will rising commodity prices prompt a shift for equity investors? March 16, 2021 A number of different factors are coming together to support rising commodity prices. Such price rises could have a profound effect on the type of companies equity investors want to own. After years of being out of favour, suddenly commodity-related stocks – which are often found at the value end of the spectrum – may [...]
Bitcoin marks a significant step forward in trust for all of us March 12, 2021 Bitcoin marks a significant step forward in trust for all of us, says Michael Haynes, founder and CEO, Etherbridge.
China’s inflation rate jumps to highest reading since November 2018 March 10, 2021 Overnight, China’s PPI rate swung from 0.3 per cent in January to 1.7 per cent in February, its highest reading since November 2018. The surge in prices at the factory level adds weight to the argument that higher inflation is in the pipeline as increases in costs at the factory level are likely to be passed on to [...]
US braces for higher inflation amid pandemic recovery, warns Fed February 17, 2021 The US is trialling ways of bracing the American public for higher inflation rates as a fresh presidency attempts to heal an economy crippled by the ongoing pandemic, according to the Federal Reserve. Minutes released today from a lengthy policy meeting held by the US central bank last month revealed that Fed officials were prepared [...]