Nasdaq hits record high as Wall Street rally continues June 23, 2021 US stocks rose today as the Nasdaq hit a record high after Fed officials calmed fears of a sharp tapering of monetary stimulus. The Dow Jones Industrial Average and the benchmark S&P 500 both gained 0.1 per cent at the open. Meanwhile, the tech-heavy Nasdaq advanced by 0.2 per cent to open at a record [...]
Could global growth this year be the fastest this century? June 23, 2021 | City Talk The world economy is set for its fastest year of growth in the 21st century this year, according to our latest forecasts. We now think global GDP is set to expand by 5.9 per cent in 2021, having upgraded our previous forecast of 5.3 per cent. As lockdowns ease, the service sector – which includes businesses [...]
UK PMIs: Business continues to expand at rapid pace in June June 23, 2021 UK business activity continued its rapid growth in June as the post-Covid reopening boom continued apace, new figures today suggested. A flash reading of the IHS Markit Composite PMI, which combines services and manufacturing, came in at 61.7, down from 62.9 in May. Any score above 50 indicates growth. Despite the continued expansion, today’s readings [...]
UK business confidence at a three-year high despite skills shortages June 23, 2021 UK business confidence at a three-year high despite skills shortages
Biden economic aide: US recovery has been “spectacular” and suggests inflation fears overblown June 23, 2021 President Biden’s chief economic adviser Professor Cecilia Rouse has described the US economy’s recovery as “spectacular” but warned of a “bumpy” time ahead. Rouse, the Chair of the White House’s Council of Economic Advisors, told the BBC that she felt price pressures would be “transitory” and said Biden’s macro-economic plan was not driving inflation upwards. [...]
Wall Street cheers US Fed chair Jay Powell’s Congress appearance June 22, 2021 Wall Street cheers US Fed chair Jay Powell's Congress appearance
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]
How the climate change revolution has lit a fire under the heating industry June 22, 2021 | City Talk Climate policy over the last few years has seen the rise and rise of “net zero” targets, to the extent that around 70% of global emissions are now covered by a net zero policy. Converting these long-term ambitions into a clear plan of action is the next step, and the recent publication of a net [...]
Hammer time for Thor Explorations as Nigeria-focused miner lists June 22, 2021 Nigeria-focused gold miner Thor Explorations has this morning listed on London’s AIM market with an expected market capitalisation of around £127m. The firm has a number of assets in the West African country, and is expecting to produce its first gold in July. It is expecting to produce 40,000 ounces of gold from the Segilola [...]
US stocks surge after worst week in nearly four months June 21, 2021 Wall Street rallied today, with the Dow Jones Industrial Average completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic. The S&P 500 value index, which includes banks, energy and other economically sensitive sectors and has led gains in [...]