What a difference a day makes: Markets go into full reversal mode as recession concerns grow May 6, 2022 What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]
OPEC+ maintains modest hike in oil production as EU weighs up Russian import ban May 5, 2022 OPEC+ has agreed a modest increase in its oil production targets next month, following a meeting earlier today.
1 Minute Market Rundown – 5th May 2022 May 5, 2022 | City Talk Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]
OPEC+ forecasts oil surplus as high prices and lockdowns bite into demand expectations May 4, 2022 OPEC+ anticipates oil supply to exceed demand later this year by nearly two million barrels per day amid reduced growth expectations.
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
Gold prices hit by resurgent dollar and upcoming interest rate hike May 3, 2022 Gold prices showed some signs of recovery this afternoon after tumbling to a two-and-a-half month low earlier in the day.
Citi trader error sparks flash crash in European markets May 3, 2022 A flash crash in European stock markets yesterday was sparked by an error in a single sell-order trade by a Citigroup employee, it has emerged.
1 Minute Market Rundown – 3rd May 2022 May 3, 2022 | City Talk Equities Hold InCrypto Consolidates April ended as much of the year has been with risk firmly on the backfoot. It has been the worst start for the S&P since at least 1993. Crypto didn’t have the best month either with both BTC and ETH down over 16% for the month. The driving force has been [...]
Poor start of the month for global markets: April weakness rolls into May with China lockdowns not helping May 3, 2022 Asia markets got off to a poor start to the month yesterday, as did markets in Europe after the latest China PMIs showed that economic activity in April fell back by more than expected. Much was made of the slowdown in China manufacturing to 47.4 from 49.5, however non-manufacturing saw an even bigger fall, plunging [...]
Week ahead: Wall Street and City eye central bank rate decisions May 2, 2022 Traders in the City and on Wall Street will be eyeing how much their respective central banks hike interest rates by in a week of key economic and corporate announcements. London’s premier FTSE 100 index posted a reasonable performance last week, adding 0.3 per cent to finish at 7,544.55 points, while the domestically-focused mid-cap FTSE [...]
