FTSE 100 ends week lower as fears over US bond yields and housing market grow March 5, 2021 FTSE 100 ends week lower as fears over US bond yields and housing market grow
Pound sterling falls back to near $1.38 on US jobs data surprise March 5, 2021 Pound Sterling rises tempered by strong US economic figures
Number of new jobs in the US smashes expectations with 379,000 roles added in February March 5, 2021 Number of new jobs in the US smashes expectations with 379,000 roles added
China sets new growth target above six per cent March 5, 2021 Prime Minister Li Keqiang announced the new six per cent economic target today at the opening of this year’s National People’s Congress, and pledged to create more jobs in China’s cities. This marks a return to strong economic growth after China’s economy was hit by the Covid-19 pandemic last year. In 2020 the economy only [...]
Ready meal firm Parsley Box set for London float March 5, 2021 Ready meal provider Parsley Box has this morning announced its intention to float on London’s AIM list. The company, which targets its meals at the “baby boomer” generation, said it would give its customers the chance to invest in the firm as part of the IPO. Parsley Box said that it planned to be admitted [...]
Wall Street slips despite better than expected US jobs data March 4, 2021 US stocks opened lower on Thursday as Wall Street reckoned with yesterday’s technology-led selloff, despite new data showing an improved US employment market. The tech-heavy Nasdaq slid 2.4 per cent this afternoon, with carpet company Dixie Group pulling the index down with a 48 per cent drop. Tesla shares extended yesterday’s loss of more than [...]
Oil prices jump five per cent as Opec mulls supply cuts March 4, 2021 The price of Brent crude increased by $2.91 today, up 4.5 per cent and West Texas Intermediate (WTI) crude rose $2.75 to around $64 a barrel, up 4.49 per cent. The price rises came as ministers from the Organisation of the Petroleum Exporting Countries and its allies convened a meeting to discuss a potential [...]
2026 average earnings forecast to be no higher than 2008 level March 4, 2021 Average earnings in 2026 are estimated to be no higher than their 2008 level according to forecasts by the Institute of Fiscal Studies. The findings came as part of the think tank’s response to Rishi Sunak’s budget delivered on Wednesday. As part of his plans, the Chancellor froze the personal allowance on income tax implying [...]
Vaccine rollout sees UK equity funds break 8-month run of outflows March 4, 2021 UK equity funds enjoyed their first inflows since last May with investors boosted by the success of the vaccine rollout. It brings an end to a difficult eight months which saw funds shed £2.2bn of capital, according to global fund network Calastone. Last month investors cautiously dipped their toes into equity funds with £145m in [...]
Before the Bell: Sunak’s Budget aims to boost GDP, the pain comes later March 4, 2021 Although yesterday’s UK Budget was generally well received in the international markets, with the fiscal taps to be left fully open until December, the British Pound did rally. With the major decisions pre-announced earlier this week, a big equity market reaction to the Budget speech was unlikely anyway. In addition to the extension of Covid-19 specific support, [...]