Lunar New Year: Will the Year of the Ox be bullish?

The year 2020, the Lunar Year of the Rat, will be greatly discussed and debated for many years to come. The Covid-19 pandemic has had a tremendous impact on numerous aspects of our daily lives, an impact which we are still feeling today. Due to the fact that the first cases of coronavirus were reportedContinue reading “Lunar New Year: Will the Year of the Ox be bullish?”

Global shares follow UK lower as new virus strain sends jitters through markets

Global markets fell overnight, with shares in Asia following the US and UK lower, and only uncorrelated safe havens like gold holding firm, as a new, more virulent strain of the coronavirus takes hold. Japan’s Nikkei and Hong Kong’s Hang Seng both dipped (down 1% and 0.8% respectively), mimicking losses in the US and UKContinue reading “Global shares follow UK lower as new virus strain sends jitters through markets”

Markets up as US clears path for Moderna vaccine approval

European markets have opened positively this morning with Germany’s Dax leading the way up 1.6% as optimism creeps in surrounding vaccination and the prospect of US fiscal stimulus ahead of Central Bank meetings on both sides of the pond. Travel and leisure has also seen a bounce as well as better than expected numbers fromContinue reading “Markets up as US clears path for Moderna vaccine approval”

Facebook’s Libra to launch as soon as January

Libra, the cryptoasset devised by Facebook, is reportedly planning to launch as early as January, as per the Financial Times, although it will be a scaled down version of what was originally planned. The FT quotes unnamed sources as saying the launch will now be focused on one single cryptoasset, rather than the launch of several coins.Continue reading “Facebook’s Libra to launch as soon as January”

Dow closes above 30,000 for the first time ever

On Tuesday, the 124-year old Dow Jones Industrial Average closed above the 30,000 point mark for the first time in its history, almost four years after it first crossed the 20,000 mark. The Dow is now up more than 60% since its low in March, and surged through 30,000 with a 1.5% daily gain onContinue reading “Dow closes above 30,000 for the first time ever”

Tesla nears $500bn market cap as markets rally on Trump power transfer

European markets have maintained yesterday’s momentum with news of easing lockdowns in the UK and France adding to the optimism.  The FTSE is up 0.5%, the Dax up 0.4% and the Dow Jones leading way in the US futures market up 1%. Markets around the world rose on Monday and overnight as further vaccine news,Continue reading “Tesla nears $500bn market cap as markets rally on Trump power transfer”

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