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Market reacts to Biden agenda and US drama

Thursday 14 Jan 2021

Stock markets started the new year in spectacular fashion, spurred on by rising expectations of a global economic recovery, US stimulus and a Democratic victory in the Senate. The FTSE 100 recorded a 6% gain in the first trading week of the year, with strong gains also seen on Wall Street and...

The Hut Group owner THG continues to beat expectations

Thursday 14 Jan 2021

Cosmetics and nutrition website owner THG ( THG ) is building on its strong start to life on the stock market. On 12 January the company better known as The Hut Group, unveiled the latest in a series of earnings upgrades since its September 2020 market flotation – suggesting the firm was well...

A history-making bubble in bitcoin

Thursday 14 Jan 2021

Bitcoin could turn out to be the ‘mother of all bubbles’ according to Bank of America’s Michael Hartnett who has compared the price action of the cryptocurrency to former bubbles in history including the 1979-to-1981 Gold bubble which took the price up 400% in around two years. As the charts...

UK investors no longer able to buy Ryanair shares

Thursday 14 Jan 2021

UK investors can no longer buy shares in budget airline Ryanair ( RYA ) as it looks to stay compliant with EU rules for airlines after Brexit. EU operating airlines require a minimum of 50% of shares to be held by EU nationals and it’s believed Ireland-headquartered Ryanair is below this threshold...

New fears for retail, leisure and oil sectors as Covid bites

Wednesday 23 Dec 2020

The rally in global markets reversed on 21 December as investors started to consider the implications of a more infectious strain of coronavirus. Share price declines were most prevalent in the retail, leisure and oil sectors, which shows that the market is worried about a delay to economic...

All eyes on AstraZeneca as markets wait for vaccine approval

Wednesday 23 Dec 2020

Amid news of tighter consumer and business restrictions in various parts of the world, developments in the Covid-19 vaccine space will have a major influence on global markets as they will provide the path for society to reopen. AstraZeneca’s ( AZN ) vaccine developed with the University of Oxford...

The underappreciated risks to markets in 2021

Wednesday 23 Dec 2020

As we wrote in our 2021 outlook , there are plenty of reasons to be cheerful looking ahead. Several Covid vaccines are in production with a view to mass immunisation over the course of the year, allowing life to get back to normal and the global economy to repair itself, and interest rates are set...

Iron ore trumps gold as the hot commodity of 2020

Thursday 17 Dec 2020

Forget gold, iron ore is the major commodity delivering bumper returns in 2020. A key ingredient for steelmaking and seen, along with copper, as a barometer for the health of the global economy, the price of iron ore has surged over 50% this year to trade at $161 per tonne, a nine-year high and...

Surge in Airbnb and DoorDash stock renews tech bubble debate

Thursday 17 Dec 2020

One of the most hotly awaited stock market debuts sparked the predicted frenzy by investors as accommodation booking platform Airbnb began trading on Nasdaq. After netting one of the biggest first-day rallies on record, soaring 113% to $144.71, the San Francisco-based company saw its valuation hit...

Marketing of high-risk mini-bonds banned from 2021

Thursday 17 Dec 2020

The Financial Conduct Authority ( FCA ) is to permanently ban the mass-marketing of ‘speculative illiquid securities’ – including mini-bonds – to retail investors from the beginning of 2021. Many people have been attracted to high yields on offer yet didn’t realise the risks and that there is...

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