Foul play
25 Oct 2021UK Chancellor Rishi Sunak is expected to push more funding towards the NHS in the next budget as the UK heads into a difficult winter with rising Coronavirus…
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Big picture
22 Oct 2021Huw Pill, the Bank of England’s new Chief Economist, is expecting inflation to continue to rise out of sight as surging energy prices and global supply chain…
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Winter warning
21 Oct 2021The S&P 500 recorded its sixth straight day of gains yesterday, ticking 0.37% higher. Across the pond, the Euro Stoxx 600 gained 0.32% despite mixed earnings…
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Inflating the issue
20 Oct 2021Business leaders have sounded the alarm on the UK’s supply chain crises, warning that delays and shortages are expected to last into 2023. Fulfilment of orders,…
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On the contrary
19 Oct 2021The UK Prime Minister discussed his tax stance in an interview with Bloomberg, stating that both he and Rishi Sunak are ‘low-tax conservatives’ who believe in…
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Out of kilter
18 Oct 2021Global supply chain issues are set to impact both UK and EU third-quarter earnings, but neither central bank is in a particular rush to raise interest rates.…
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Clouds on the horizon
18 Oct 2021Asian stocks fell overnight, along with US and UK index futures, as surging energy prices compounded fears over inflation, and growth in China slowed. Bond…
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Travel requirements eased
15 Oct 2021US markets had a fiery trading session yesterday, as the S&P 500 gained 1.71% and the Nasdaq rose 1.73% upon publication of more positive quarterly earnings…
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Coiled spring
14 Oct 2021UK markets continued to tick higher yesterday on the back of positive industrial production data, with the FTSE 100 closing 0.16% higher and the FTSE 250…
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Playing catch-up
13 Oct 2021The Coronavirus pandemic is expected to leave deeper scars in the UK than any other G7 nation, according to recent forecasts from the International Monetary…
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Problem at the ports
12 Oct 2021The HGV driver shortage is beginning to have a knock-on effect on the rest of the UK supply chain. Felixstowe is one of the hardest-hit shipping ports in the…
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What's driving the US Dollar surge?
11 Oct 2021When we came back to our desks this morning and noticed the US Dollar continues to hold near one-year highs, we were slightly taken aback. The first port of…
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Prepare for liftoff
11 Oct 2021Last week, Bank of England officials made it clear that UK interest rate hikes are set to begin earlier than originally predicted, with November’s meeting…
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Crisis averted
08 Oct 2021The US Senate has voted to extend the debt ceiling to December the 3rd in a 50-48 vote split, which will see the public borrowing limit raised by $480bn. This…
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Smoke and mirrors
07 Oct 2021Year-over-year inflation in Poland hit its highest level for almost 20 years in September, reaching 5.8%. This has forced the National Bank of Poland’s hand in…
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Toe to toe
06 Oct 2021Prime Minister Boris Johnson is expected to escalate the current supply chain crises to senior business officials, accusing some of using immigration to avoid…
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One eye open
05 Oct 2021A review has been launched into whether trades conducted last year by members of the Federal Reserve complied with the law amid speculation of insider trading.…
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Pandora's box
04 Oct 2021In one of the largest leaks of financial information, the so-called 'Pandora Papers' have revealed how some of the world's most powerful use offshore tax havens…
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Trouble ahead
01 Oct 2021Many UK businesses have started warning members of parliament of the dangers of escalating costs heading into the autumn as support schemes implemented by the…
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Raise the roof
30 Sep 2021European markets recovered on Wednesday after steep losses in the prior sessions; the Euro Stoxx 600 ticked 0.59% higher. The US 10-year Treasury yield…
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Activity levels bounce back
29 Sep 2021Markets were in a downbeat mood yesterday as rising bond yields and data misses weighed on markets. The S&P 500 drifted 2.04% lower, meanwhile across the pond,…
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Energy crisis deepens
28 Sep 2021US markets were mixed on Monday as the S&P 500 closed 0.28% lower while the Dow Jones pushed 0.21% higher. The global squeeze in energy prices continues as…
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Asset prices unphased by local shocks
27 Sep 2021The UK data calendar for this past month has been a sea of missed expectations: Retail Sales, Manufacturing Production, Index of Services, and Consumer…
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All hands to the pump
27 Sep 2021A scarcity of tanker drivers and a jump in panic buying has led to a fuel shortage in the UK, with an estimated 50-85% of all independent service stations…
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Taper time
23 Sep 2021Markets were mostly higher overnight, with Asian stocks rising along with US and UK index futures. Traders are continuing to monitor the status of Evergrande,…
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Markets wait on Fed
22 Sep 2021The Federal Reserve is expected to keep major policy decisions unchanged at today’s meeting while mapping out the scale and speed of its taper plans in more…
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Lighting the way
21 Sep 2021Markets continue to grapple with potential contagion from Evergrande, with the S&P 500 falling 1.70% yesterday while the Nasdaq also took a 2.19% knock. It’s a…
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Worries depress market sentiment
20 Sep 2021Numerous Central Banks are meeting this week, including the Federal Reserve’s Federal Open Market Committee where we might learn more about its quantitative…
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Wages won’t budge
20 Sep 2021Last week, the S&P 500 closed 0.91% lower after a mixed week for the index. Elsewhere, iron ore had its worst week since the 2008 financial crisis, falling…
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Sunak eyes interest rates
17 Sep 2021US markets moved lower yesterday after the latest retail sales data and negative surprise in jobless claims, the S&P 500 closed 0.16% lower. Cable is muted this…
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Shuffle the pack
16 Sep 2021The S&P 500 clawed back some of the previous day's losses yesterday, climbing 0.85%. Cable has drifted back towards the $1.38 handle this morning, while EUR/USD…
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Delays continue
15 Sep 2021US markets ended yesterday softer following the latest inflation report. The S&P 500 was down 0.57%, while the Dow Jones closed 0.84% lower. UK Consumer Price…
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Winter plans
14 Sep 2021US stocks bucked the trend on Monday breaking the worst losing streak since June, with the S&P 500 closing 0.25% higher. Asian markets continued to drift lower…
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The banking ouroboros
13 Sep 2021Federal Reserve policymakers have taken several weeks to say it, but they are broadly aligned that a wind-down of QE is their nearest objective. The Jackson…
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Plans change
13 Sep 2021The S&P 500 continued to drift lower on Friday, marking a 1.60% decline over the week. The US 10-year bond yield has remained relatively flat, holding around…
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Taking the first step
10 Sep 2021Asian stock rose overnight, buoyed by a boost in Chinese technology shares. US and European equity futures also begin higher this morning, providing some relief…
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Begin the taper
09 Sep 2021Stocks begin the day on a softer note with declines in US and European equity futures, while the risk-off move has led to a small rise in the Dollar and US…
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Tax hike and taper talk
08 Sep 2021The FTSE 100 finished yesterday 0.53% softer as investors digested Boris Johnsons new tax plans. US markets were weaker after the long Labour Day weekend, with…
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Economies tested
07 Sep 2021The FTSE 100 climbed 0.68% yesterday, as concerns about Federal Reserve tapering eased, while the Euro Stoxx 600 closed 0.69% higher. Overnight, the Reserve…
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Can we get much higher?
06 Sep 2021The risks of a reversal have been building; the spread of the Coronavirus Delta variant, supply chain constraints, and the mounting pressure for the Federal…
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