Investor confidence booms for UK and European markets May 19, 2021 Investor confidence has risen for both UK and European markets, with the accelerated roll out of vaccines likely to be driving the renewed optimism. Investor confidence in the UK rose another four per cent to a record high for the year, while confidence in Europe is up 28 per cent compared with April 2021, according [...]
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]
Retirement planning? Sorry, we’re too busy watching Netflix May 19, 2021 | City Talk The Covid-19 pandemic has led many people around the world to reassess their priorities and goals. Many countries have seen infection rates soar through various waves of the virus, resulting in widespread lockdowns with large parts of their economies closed and people forced to remain at home. In a more uncertain world, people have also [...]
Wall Street rises on retail boost as jobs data helps FTSE 100 tick up May 18, 2021 Wall Street opened marginally higher this afternoon after better-than-expected retail results boosted optimism about rising consumer confidence. The Dow Jones ticked up 0.07 per cent at the open, while the S&P 500 edged 0.06 per cent higher. The tech-heavy Nasdaq gained 0.28 per cent at the opening bell. The modest gains came after Walmart and [...]
Emerging Asia-Pacific capital markets: challenges and opportunities May 18, 2021 | City Talk CFA Institute has published ‘The Emerging Asia Pacific Capital Markets: Challenges and Opportunities’. The report, compiled by Larry Cao and Luis Garcia-Feijóo, presents perspectives from local authors on the financial history, current status and outlook for 11 countries. Their insights should be particularly valuable for prospective investors. Many have argued that the 21st century will [...]
Checking out: Airbnb shares dive as insiders are allowed to sell following last year’s IPO May 17, 2021 Airbnb shares dropped by almost 6 per cent after insiders became free to sell their shares for the first time since the home rental firm’s IPO in December 2020. Today’s drop comes only days after Airbnb beat Wall Street expectations for first-quarter gross bookings and revenue on May 13, as speedy Covid-19 vaccinations and easing [...]
Evening Read: The Great Reopening is well under way May 17, 2021 As Reopening Day is slowly maturing, Monday the 17th of May will most likely go down in pandemic history as a day full of positive post-lockdown news, and very mixed weather. From today, people in England can meet outdoors in groups of up to 30, and indoors in groups of six, or two households, with [...]
Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
Morning Wire TV: Market Snapshot May 17, 2021 In today’s video we examine the question of whether or not Bitcoin provides any insight into the global equity market direction.
Rishi Sunak does not back Joe Biden’s global business tax plan May 17, 2021 Rishi Sunak is withholding support for Joe Biden’s draft plan to implement a minimum 21 per cent global business tax rate, with the chancellor wanting more assurances on taxation on US tech giants. Sunak, who is chairing this year’s G7 meetings for finance ministers, has reportedly said he would only support a minimum tax rate [...]