FTSE 100 today: London markets to open red as Fed rate-cut odds dwindle, spurring global decline April 3, 2024 Asian shares mirrored Wall Street's decline, while gold reached a record high and oil prices rose. China's services sector experienced accelerated growth. Taiwan was hit by its strongest earthquake in almost 25 years. Investors awaited Fed Chair Jerome Powell's speech and the release of the US Services PMI data.
World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Tesla misses delivery targets by over 60,000 cars as growth grinds to a halt April 2, 2024 Tesla missed the consensus Wall Street estimate of 449,080 deliveries by more than 62,000, its largest margin to date.
FTSE 100 today: London markets set to open higher, mirroring Asian peers after Easter holiday April 2, 2024 Hong Kong leads Asian stocks higher as the yen holds steady below 152 amid intervention threats. Meanwhile, the likelihood of a June rate cut by the US Federal Reserve drops to around 60 per cent. Focus remains on speeches by several Fed officials and the upcoming US monthly jobs report.
Build-A-Bear and kitchen cabinets: US winners beyond the Mag 7 March 27, 2024 De Lisle, who manages the £329m VT De Lisle America fund, focuses on smaller companies and away from tech, and prides himself on finding "cheap little growth stocks".
Grayscale’s GBTC distorts the ETF picture March 26, 2024 One of the primary drivers of crypto’s appreciation are easing monetary conditions. Last cycle, Covid-19 fiscal and monetary policy measures kicked off the bull market. Lower interest rates, furlough and stimulus checks, meant individuals had more time, and money, on their hands. Many chose to delve into financial markets with their additional resources. This was a perfect storm for the crypto market - growing nearly 28 times within 20 months. Is the perfect storm this time not going to include a world-halting pandemic and simply be crypto ETF adoption?
How to fire up the economy? Stop messing with peashooters and bring out the big guns March 24, 2024 Boosting the economy is the only way to sustainably raise living standards for all, so let's stop messing around with small-fry policies, writes Matthew Fell.
FTSE 100 today: London markets set for quiet kickoff ahead of data-heavy week March 19, 2024 Markets saw volatility as Japanese stocks fluctuated following the Bank of Japan's decision to scrap negative interest rates, leading to a weaker yen. Meanwhile, Australia's central bank maintained rates at 4.5 per cent, with focus shifting to upcoming policy decisions from the US Federal Reserve and the Bank of England.
Think you can beat the market? Most active managers can’t March 15, 2024 Only 17 per cent of actively managed equity funds beat the index over the last decade, new research revealed.
Why the nickel market is suffering on a consumer steer away from EVs March 10, 2024 This glut of nickel has pushed the price down, Shah said, adding that prices will “remain under pressure throughout 2024.”