UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
US stocks open near record highs while FTSE 100 stays in the green June 15, 2021 US stocks opened near record highs today as attention turned to the Federal Reserve for cues on whether a jump in inflation will prompt a tapering in monetary policy. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite was [...]
Wall Street creeps higher as investors bide time until key economic reports June 2, 2021 Wall Street’s main indexes edged higher today as cautious investors awaited key economic data later in the week. The Dow Jones Industrial Average rose 0.2 per cent at the open, while the Nasdaq Composite gained 0.1 per cent. The S&P 500 also added 0.1 per cent as it continued to recover its losses following a [...]
Crypto dopamine levels plummet – time for the real world May 21, 2021 Monty Munford reflects on a sudden sense of normality in London, and reassures dispondent investors the crypto markets too will soon feel normal.
Furlough and unemployment will keep inflation figures down and give Rishi Sunak breathing room May 20, 2021 Fresh statistics have shown inflation in the UK has more than doubled in the last month. This has dominated the headlines as many economists fear spiralling inflation. However, the reaction is The news from the ONS that UK inflation has more than doubled in April has generated concerned headlines. Such a reaction is somewhat inevitable. [...]
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]
UK CPI: Inflation rate surges to 1.5 per cent in April May 19, 2021 UK inflation more than doubled to 1.5 per cent in April, up from 0.7 per cent in March, the Office for National Statistics (ONS) said this morning. Economists had forecast a rise of 1.4 per cent, as a jump in electricity and gas bills pushed inflation higher. Core inflation, which excludes energy prices and other [...]
Sharing about Mental Health Awareness Week? Beware targeted advertising preying on your weaknesses May 12, 2021 This year the theme of Mental Health Awareness Week is on nature and the enormous benefits it has for our mental health and wellbeing. In a year cut off from loved ones, with our lives pushed online and limited availability of real-life hugs, the wild green spaces of South West London have been fundamental to [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
How strong might the UK’s post-Covid economic recovery be? April 30, 2021 It has been a tough start to the year for the UK. As lockdown restrictions continue to slowly ease, we examine the progress made in tackling the Covid-19 pandemic, and whether hopes for a strong economic recovery are well founded. Vaccines offered hope, speedy inoculation will solidify the recovery A year on from the start [...]