Week ahead: City’s gaze turns to fresh inflation figures February 13, 2022 All eyes in the City this week will be on fresh inflation figures as investors brace for another shocker of a print. Most economists expect inflation to firm even further, jumping to 5.5 per cent in January from 5.4 per cent in December. That would still leave the cost of living at around a 30-year [...]
US Fed to embark on fastest tightening cycle in recent history, warns Goldman Sachs February 13, 2022 The US Federal Reserve will embark on the fastest tightening of monetary policy in recent history this year to tame runaway stateside inflation, Wall Street analysts are betting. Chair Jerome Powell and co will lead the charge against the soaring cost of living across the pond by hiking interest rates seven times in 2022, according [...]
Morrisons’ owners look to ease fears of a shift away from traditional business model February 13, 2022 The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.
Pensioners face biggest loss in spending power for nearly 50 years February 12, 2022 British pensioners will suffer the greatest loss in spending power since in nearly 50 years, following Sunak's decision to halt the triple lock.
Best of this week in our opinion pages: from community-based solutions for fighting terrorism to the Bank of England’s dilemmas February 12, 2022 As talks of a definitive lifting of Covid-19 restrictions intensify, workers are coming back to their offices in flocks, bringing liveliness back into the Square Mile. Richard Kauntze wrote about an often overlooked aspect of the City’s inner workings: the unofficial economy of gossip. The City has long thrived on whispered tittle-tattle, which plays a [...]
What a week it’s been for cryptocurrency February 11, 2022 Jason Deane rounds up a remarkably eventful week in the world of global economics and cryptocurrency.
Can Volkswagen catch Tesla in the electric vehicle race? February 11, 2022 Tesla raised some eyebrows last month as it unveiled an 87% year-on-year rise in vehicle deliveries to over 936,000. In terms of battery electric vehicles (BEVs), this puts it some distance ahead of its European rivals, including Volkswagen AG with less than a half of Tesla’s deliveries (452,900). There are three main reasons for Tesla’s [...]
Gold prices remain resilient amid rising inflation and spiking yields February 11, 2022 Gold prices have stabilised above $1,800 per ounce amid rising inflation and 10-year US treasury yields spiking above two per cent.
Oil settles around $90 amid looming expectations of US interest rate hikes February 11, 2022 Oil prices are hovering at around $90 per barrel on both major benchmarks amid concerns over aggressive US interest rate hikes.
Travel stocks continue ascent as London markets post mixed open February 10, 2022 Travel stocks continued their ascent today in a positive day for London markets. The capital’s premier FTSE 100 index closed 0.38 per cent higher at 7,672.40 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.11 per cent to finish at 22,207.75 points. Airline stocks [...]