Ebrahim Raisi elected as leader of Iran The price of Brent crude oil is creeping higher again on Tuesday, as demand keeps picking up, while talks between the US and Iran over the lifting of sanctions appear to be stalling. Early this morning Brent crude oil went past the $74 mark, before retreating somewhat heading […]

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US President-elect Joe Biden has announced a $1.9tn economic relief package to boost the bruised American economy ahead of his inauguration next week. Although the plan still needs to be approved by Congress before it is implemented, with the Democrats holding slim majorities in both the House of Representatives and the Senate – the first […]

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Depending on your perspective, Chinese stocks like Alibaba, Tencent, JD.com, NIO and Xpeng, are either tenacious super-growers or worrying adversaries. These super Sino equities have followed the lead of US ecommerce, media and EV titans, but all gained scale at frightening speed. The wind appears to have been temporarily knocked out of their sails, though, […]

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Shrugging off some of last week’s losses, global equities decided Monday was a time to be bullish. Given the broad macroeconomic and political outlook, you’d think they wouldn’t have much to be positive about, but perhaps that’s just it – they priced in potential downsides too hard before trading. Alternatively, things are set to get […]

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European markets have all started in the red on Tuesday morning amid new Coronavirus restrictions and lack of a US stimulus deal. The FTSE 100 fell 0.3% to 5,867 points. France’s CAC and Germany’s Dax were both 0.5% lower on Tuesday. Markets are slipping as Coronavirus cases are on the rise and there is a […]

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According to data from the OECD, Statista and the World Bank, the global economy is set to lose $3.94 trillion in ‘real GDP’ in 2020, due to the COVID pandemic. We should understand real GDP as a measure of the sum of goods and services produced by a country, with factors such as inflation factored […]

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British cinema chain Cineworld (LON:CINE) has seen its share price soar more than 30% on Tuesday after a landmark US court decision to lift the Paramount Decree – a sweeping anti-trust law which banned private Hollywood studios from being able to own theatres. What was the Paramount Decree? Essentially an extension of the 1890 Sherman […]

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Virgin Atlantic – partly owned by British entrepreneur and billionaire Sir Richard Branson – has filed for bankruptcy protection in the US, just weeks after securing a £1.2 billion rescue deal to save the airline from impending collapse. According to Sky News, a US court has heard that Virgin Atlantic is seeking protection under Chapter […]

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Back in February, I predicted the two-year gold price rally was not yet at its peak, and that it would hit $1,800 before it consolidated. Now – perhaps alongside a hat inscribed with ‘captain obvious’ – we can say that even my optimistic predictions were reserved, as gold rallied 2% on Monday, to its all-time-high […]

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The number of Americans applying for unemployment benefits reached 1.314 million in the week ending 4 July 2020 – a grim total compared to the mere 209,000 applications this time last year – according to statistics released by the U.S. Labor Department on Thursday. The figures do, however, come in at fewer than the expected […]

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BP Plc (LON:BP) have said that they will cut links with three US trade associations, including the US’s main refining lobby. The decision to cut ties today came about as the firm faced disagreements over their climate related policies and actives. BP have made an extra effort to become a more environmentally friendly company, and […]

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William Hill (LON:WMH) have announced that they have agreed a deal with CBS Sports in the US. William Hill said that they have agreed a strategic partnership with CBS to be an exclusive book and wagering data provider as part of their plans to diversify into foreign markets. The bookmaker said that the partnership is […]

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The price of Palladium has soared over the last few days and has hit record highs. Just over the last two weeks, the price has risen by 25%. In the last year, the price has doubled and now an ounce of palladium costs over £1,900 which makes it more expensive than gold. Analysts have said […]

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I can already picture the excited hand gestures from POTUS Donald Trump as he lauds the Dow Jones success story on Thursday. The index hit 29,200 points, beating the record set the day before and exceeding the 29,100 projection set by analysts before trading began. This followed yesterday’s completion of phase one of the US-China […]

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Following a protracted session of posturing and taunts, the ‘phase one’ of the US-China trade deal was signed on Wednesday. This was met with a measured reaction from most, except the Dow Jones, which hit 29,000 points for the first time in its history. Despite the giddiness of this news having already been priced into […]

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In a day lacking a wow factor, global equities opted for tentative gains following the opening of the US market on Tuesday afternoon. We can offer something of a half-hearted celebration for this news, given that we started off the day with modest losses and ended up checking out in the green. In spite of […]

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Markets dipped slightly on Tuesday morning, despite what appeared to be a warming up of good sentiments between the US and China, and the expected passing of the first phase of a trade deal. Progress was largely priced in by markets, and thus the news didn’t have quite the impact it would have done a […]

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Beginning the week dampened by US-Iranian tensions, the Dow Jones wasn’t allowed to bounce back on Tuesday, as it had the wind taken out of its sails by a PMI induced climb by the dollar. The mood elsewhere was flat. European indices enjoyed some resurgence, but this was largely overshadowed by oil uncertainty and the […]

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The POTUS with a penchant for Twittering sent markets into a late session frenzy, which was led by the Dow Jones hitting an all-time high. Donald Trump gave indices another glimmer of hope with a Tweet on Thursday afternoon, declaring that a trade deal with China was close at hand. Getting VERY close to a […]

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Investors spent most of the Tuesday session fretting about the absence of any phase one movement towards a trade agreement between the US and China. However, their worries were somewhat – though not completely – tempered by a report from the Wall Street Journal, which said that both sides were attempting to build foundations to […]

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Without actually making much progress towards resolution, the Sino-US trade war debacle was able to eek out a sliver of positivity for indices clamouring for a shred of good news. With its high position on president Trump’s order paper looking under threat – with domestic political engagements vying for his attention – any substantive movement […]

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Comments from China’s commerce ministry today have shown China is once again searching for diplomatic resolution of ongoing Sino-US tensions. Markets reacted positively during Thursday morning trade, all shaken by this year’s political tensions and ready to break down should the world’s parent countries continue arguing. Speaking on the market’s behaviour this morning, Spreadex financial […]

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Political tensions continue to weigh on market sentiment and dampen any hopes of a prolonged rally. Last Friday’s re-escalation of trade tensions and the Yuan falling to an 11 year low on Tuesday, was countered by the idea that both the US and China would be willing to return to the negotiating table again, and […]

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After an exciting – if not positive – start to last week, the tale of the tape for markets on Monday appears decidedly more dull. With little on the calendar and the FTSE predictably lagging behind mainland European indices, onlookers will be holding their breathe for the next tweet from Trump and the anticipated announcement […]

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Following yesterday’s currency war fears and Donald Trump’s verbal retort, Wall Street’s main stock market indexes saw their worst day of trading in 2019. Today, the market reacts to President Trump calling China ‘currency manipulators’, the first accusation of its kind from a US president since Bill Clinton’s administration in 1994. China is intent on […]

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Oil and gas exploration and production company Mayan Energy Ltd (LON: MYN) announced that its production volumes had been weighed down by a period of adverse of weather conditions. The Company said that its Texas assets had been limited during May, with gross mean average production of oil down to 131 barrels per day, and […]

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China has announced it is “seriously” considering restricting rare earth exports to the US, according to the editor-in-chief of the Global Times. Based on what I know, China is seriously considering restricting rare earth exports to the US. China may also take other countermeasures in the future. — Hu Xijin 胡锡进 (@HuXijin_GT) May 28, 2019 […]

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In his State of the Union address to Congress, President Donald Trump announced that he would be holding a second meeting with North Korean leader Kim Jong-un. In the 82 minute speech, the President said he would be meeting Kim on the 27th or 28th of February, in either Da Nang or Hanoi, Vietnam. What […]

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PricewaterhouseCoopers (NYSEARCA:PWC) have released their latest projected GDP rankings for 2019, with these latest rankings dropping the UK from fifth to seventh place. This follows the announcement that the World Bank dropped the UK to ninth in their business rankings, with most bearish outlooks being attributed – unsurprisingly – to Brexit uncertainty. While currency concerns […]

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With institutes such as the EMU releasing their Q3 performance figures, it has been apparent this morning that even the most reliable large economies have seen their GDP growth hit a period of friction in 2018. Alongside the UK; Japan, Germany and China have all seen disappointing GDP performance. Trade tensions, turbulent exchange rates and […]

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BMW (ETR:BMW) have announced they will raise prices for their SUV models for consumers in China. The price spikes come after China’s retaliatory tariffs, which add a 25% levy on all US-made vehicles and thus affects the BMW’s sold in China, which are produced at BMW’s factory in South Carolina. The tariffs have led to […]

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The FTSE 100 dropped 0.9 percent today, in the midst of Sino-US tariffs. The next set of US tariffs on 34 billion USD of Chinese goods will be implemented on the 6th of July, with a further 450 billion USD of tariffs earmarked, should China choose to retaliate. In addition, the US has put a […]

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Many European automotive, tech and retail multinationals saw their shares fall on Tuesday, amidst tensions created by the ‘tariff war’ between China and the US. Following proposed tariffs on a combined 250 billion USD worth of goods between the US and China, protectionist agendas on both sides have sparked an extended sell-off of European shares […]

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McDonald’s has announced its intention to move its non-tax base to London from Luxembourg. The fast-food giant will create a new holding company in the UK, and will pay UK taxes on any profits earned outside of the U.S. It said it came to the decision after taking into consideration the vast amount of employees […]

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Governments are not sufficiently prepared for the impact of artificial intelligence upon jobs, according to a Venture poll survey directed at investors Artificial Intelligence According to the research by Venture, an event that taking place at the Web Summit and has thousands of top technology investors in attendance, over half of those polled (53 percent) […]

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