magazine archive

magazine archive

Russ Mould

Why Chinese stocks are still not partying

Thursday 22 Jul 2021

Tomorrow (23 July) heralds the one-hundredth anniversary of the first meeting of the Chinese Communist Party and the country’s leadership continues to mark its birthday with a series of high-profile events, speeches and actions Whether the centenary is anything that investors can mark with pleasure...

Dividends: the FTSE 100 could yield 3.9% in 2022

Thursday 15 Jul 2021

Environmental campaigners may grimace and investors who run strict environmental, social and governance ESG screens are likely to remain indifferent, but yield-seeking portfolio builders will doubtless be delighted to see Royal Dutch Shell ( RDSB ) promise higher cash returns to shareholders in the...

Cash is being drained from the banking system: why this matters

Thursday 08 Jul 2021

US journalist Edward R. Murrow may be known for the line which he used to end his broadcasts – ‘Good night, and good luck’ – but this column’s favourite comment of his goes ‘Anyone who isn’t confused really doesn’t understand the situation’. There is one particularly confusing situation in...

Can miners and oils dig the FTSE 100 out of its Brexit hole?

Thursday 01 Jul 2021

The fifth anniversary of the UK’s referendum on its membership of the EU (23 June) appears to be passing with barely a murmur. Perhaps both ‘Remainers’ or ‘Leavers’ may be thinking there is no debate to be had, given the result and the UK’s withdrawal from the economic bloc on 31 January 2020. Both...

Assessing the Fed’s policy options

Thursday 24 Jun 2021

During the first 200 years of its existence, the US accumulated a cumulative federal debt of $1 trillion, the equivalent of 30% of its GDP (gross domestic product). In the last 40 years, that figure has surged to $28 trillion. The good news is that the US economy has grown too, as annual GDP has...

Reasons why deficits and inflation matter to gold

Thursday 17 Jun 2021

Gold bugs get a kick out of telling investors with a heavy weighting toward equities that the precious metal has a better performance record than the S&P 500 index of US shares since the turn of the millennium. The commodity is up by 547% over that period, while the S&P 500 has offered a...

What new floats say about the market’s future direction

Thursday 10 Jun 2021

The plunge into bankruptcy of the Softbank-backed, self-styled ‘construction industry disruptor’ Katerra spares investors in US equities the decision over whether to buy into what would have doubtless been an eventual IPO (initial public offering). Katerra had been given ‘Unicorn’ status – a...

Rising pay could be a threat to US equities

Thursday 27 May 2021

The news that Amazon is looking to hire 75,000 more workers in the US and Canada is eye-catching enough, even for a firm that employs 1.3 million around the globe, according to its website. But it is the offer of an average $17 an hour starting salary, plus a potential signing-on bonus of $1,000,...

Commodities remain central to the FTSE 100

Thursday 20 May 2021

No sooner had this column raised the question as to whether its status as the single-best performer within the FTSE 350 over the last five years meant that the good news was all in the price for the Industrial Metals and Mining sector than the grouping promptly fell out of bed. Sharp share price...

Why heavy metal continues to strike a chord with investors

Thursday 13 May 2021

The Federal Reserve continues to insist that inflation is only transitory and will quickly fade as the base for comparison gets tougher from now onwards, especially when it comes to important inputs such as oil. Yet not everyone is convinced. Central banks in Brazil and Russia are now hiking...