ECB day and trouble in travel while Bitcoin is oversold April 22, 2021 European futures are trading higher as traders pick up momentum from Wall Street, where we saw the Dow Jones index posting some strong gains. It seems like traders are taking every retracement in the stock market as an opportunity to jump back in or double down on their riskier bets, and this is pushing the [...]
Russian rouble tumbles as threat of US sanctions resurfaces April 15, 2021 The Russian rouble fell two per cent against the dollar on Thursday, giving up gains made earlier this week as the threat of US sanctions on Moscow reared its head again. The US may announce sanctions on Russia as soon as today for alleged interference in its elections and malicious cyber activity targeting several individuals [...]
Biden to withdraw US troops from Afghanistan by 11 September April 13, 2021 US President Joe Biden is set to withdraw all American troops from Afghanistan over the coming months in time for the 20th anniversary of 9/11, according to reports. It means the US will likely miss a May deadline for a pullout agreed with the Taliban by the Trump administration last year. Biden had previously said the [...]
Biden sets aside $14bn to fight climate change in 2022 budget April 9, 2021 President Joe Biden has proposed $14bn in spending on initiatives to fight climate change in the 2022 budget, including large cash injections for environmental regulation and science research. The proposal underscores the administration’s ambitions to decarbonising the economy by 2050 to stem global warming, reversing a policy direction set by former President Donald Trump to slash red [...]
Biden to create commission to look into expanding Supreme Court April 9, 2021 US President Joe Biden will order the creation of a bipartisan commission to study potential reforms to the Supreme Court, including whether to expand the number of justices. The commission would tackle the “merits and legality” of specific high court reform proposals, the White House said in a statement, along with the contentious idea of [...]
Biden willing to compromise on plans to hike US corporate tax April 8, 2021 US President Joe Biden said last night he is open to compromise on his $2tn (£1.45bn) infrastructure plan amid fiery criticism from businesses over a proposed $2.5tn increase in corporate taxes. Biden faced furious backlash from Republicans, large corporations and members of his own Democratic Party to elements of the proposal he laid last week including major [...]
Joe Biden invites Vladimir Putin and Xi Jinping to climate talks March 26, 2021 President Joe Biden is including rivals Vladimir Putin of Russia and Xi Jinping of China among the people he has invited to the first big climate talks of his administration. The US hopes the event will help shape, speed up and deepen global efforts to cut climate-wrecking fossil fuel pollution, administration officials said this evening. [...]
Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
Before the Bell: Inflation genie returns to his bottle as UK GDP data is next March 12, 2021 The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Yesterday, the European [...]
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
