Furlough: Extra 200,000 workers temporarily laid off in February March 25, 2021 The government paid out almost £4bn in additional furlough costs last month as a further 200,000 people were temporarily laid off. HM Revenue and Customs said it has paid a total of £57.7bn in furlough claims to around 11.4m workers since the pandemic began a year ago. Separate data published today by the Office for [...]
US jobless claims fall to lowest level since the start of the pandemic March 25, 2021 New claims for unemployment benefits in the US fell to their lowest level since the start of the pandemic as the economy rebounds. Initial claims for state unemployment benefits came in at 684,000, down from 781,000 a week earlier, according to the Labor Department. Claims are now at their lowest level since the middle of [...]
Surging services demand boosts UK business activity rebound in March March 24, 2021 Surging services demand boosts UK business activity rebound in March
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 [...]
UK unemployment rate drops slightly to five per cent March 23, 2021 The rate of unemployment in the UK fell slightly to five per cent from November 2020 to January 2021, some 1.1 percentage points higher than the same time last year.
Active success: what does Greek mythology teach us about investing? March 23, 2021 | City Talk At the end of the Trojan War, Odysseus sets sail to return to his family, his wealth, and his kingdom on the Greek island of Ithaca. The journey should have taken 10 days. Instead, it took 10 years. Odysseus encounters unexpected challenges on his voyage home. He is captured by a goddess. He battles the [...]
Morning Wire TV: Daily Market Snapshot (video) March 22, 2021 Morning Wire TV: Daily Market Snapshot (video)
Panic reflation, oil plunge and Bitcoin-led chip shortage March 19, 2021 Market sentiment is mixed this Friday morning. The Powell boost did not last long on the US equities which returned to the reflation setup. Investors sold tech stocks aggressively, sending Nasdaq 3 per cent lower during Thursday’s trading session. The S&P500 shed 1.48 per cent, as Dow Jones (-0.46 per cent) remained somehow resilient to [...]
Bank of England’s Andy Haldane predicts “rapid-fire” recovery March 18, 2021 Bank of England’s Andy Haldane predicts “rapid-fire” recovery
New US jobless claims jumped last week to 770,000 March 18, 2021 New US jobless claims unexpectedly jumped last week to 770,000. Initial claims for state unemployment benefits came in at a seasonally adjusted 770,000 for the week to 13 March, the Labor Department said today. The week before new US jobless claims came in at 725,000 people seeking benefits. Today’s numbers were worse than what economists [...]