What a difference a day makes: Markets go into full reversal mode as recession concerns grow Recession concerns growing fast What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]
Poor start of the month for global markets: April weakness rolls into May with China lockdowns not helping disappointing start of May Asia markets got off to a poor start to the month yesterday, as did markets in Europe after the latest China PMIs showed that economic activity in April fell back by more than expected. Much was made of the slowdown in China manufacturing to 47.4 from 49.5, however non-manufacturing saw an even bigger fall, plunging [...]
Top traded stocks within stocks and shares ISAs City Talk As the new tax year commences, we look at why you should make the most of your ISA allowance within an IG stocks and shares ISA and dig into the most popular shares in IG clients’ stocks and shares ISAs. Utilising your ISA allowance The new tax year is almost upon us and with this [...]
Ofgem investigates National Grid over potential breach of maintenance rules March 24, 2022 Ofgem has launched an investigation into whether National Grid Electricity Transmission (NGET) has breached maintenance rules.
UK markets: ‘Penny is dropping’ there will be no immediate ceasefire in Ukraine while focus shifts to Sunak’s ‘double whammy’ March 22, 2022 European markets underwent a subdued start to the week yesterday, with the FTSE100 outperforming on the back of another day of advances for crude oil prices, pushing the index to close at its highest level since 28 February. “The main reason for the move higher in oil prices was reports that the EU was considering [...]
Europe set to open higher as Bank of Japan keeps policy unchanged March 18, 2022 European and US stocks have continued to recover lost ground this week, despite there being little prospect of a ceasefire, or imminent cessation of hostilities, between Russia and Ukraine. “We did falter a little bit during the European trading session after the Kremlin poured cold water on reports of major progress on peace talks, calling [...]
Most millennial investors think they will be financially stronger after the pandemic March 11, 2022 More than 60 per cent of millennial investors believe they’ll be financially stronger after the pandemic then before it. While coronavirus had a devastating impact on many parts of the economy, those aged 18-34 saw it as an opportunity to enter different markets. The majority of millennials looked to adapt to the ‘new normal’, according [...]
LME considers clampdown on short-selling with nickel trading still suspended March 9, 2022 The London Metal Exchangeis weighing up short-selling reforms following a nickel surge which plunged the market into chaos.
Wheat price rallies could hurt hospitality and cause food prices to spike warn industry leaders March 8, 2022 Hospitality and supermarkets could bear the brunt of rocketing record prices following Russia's invasion of Ukraine.
Saturday Sitdown: Credit Suisse’s global investment boss on the dawn of a new world order March 5, 2022 The Russian invasion of Ukraine has accentuated geo-political risks, further fueling volatility on financial markets and unsettling investors. These developments mark a clear shift to a new world order, Michael Strobaek, Credit Suisse’s global chief investment officer, told City A.M. in an exclusive interview. “This new world order will make risk management as well as investing [...]