Market News

Banks Left Holding A $3.5 Billion Huachen Can

Banks Left Holding A $3.5 Billion Huachen Can

State-owned Huachen Automotive Group is the latest company in China to default on payments after failure to pay an Rmb1bn bond in October, increasing fears that the bond markets’ turmoil could filter down to the banking sector. Chinese, foreign banks, and trust companies have an Rmb33.5bn ($5.1bn) Huachen shaped hole in their books, with this […]
ECB President Lagarde - The European Central Bank Cannot Go Bankrupt

ECB President Lagarde – European Central Bank Cannot Go Bankrupt

Ever since the 1930’s when Britain abandoned the Gold Standard, world currencies have drifted toward Fiat money. Fiat money is a government-issued currency that is backed by the trust in the government that issued it, rather than a physical commodity. It used to be that if a central government wanted to add more money into […]
PM Johnson Standing Firm With Brexit Demands

PM Johnson Standing Firm With Brexit Demands

UK PM Boris Johnson is set to make a “significant intervention” ahead of the new round of negotiations in the ongoing Brexit saga with the European Union. Talks between the Prime Minister and President of the European Commission, Ursula von der Leyen, are planned to finalize the long-awaited deal, with both sides confident of a […]
Anxious Moments For Traders Ahead Of Brexit Market Access Decision

Anxious Moments For Traders Ahead Of Brexit Market Access Decision

Brexit is just around the corner, with the final chapter in the UK – EU divorce due to play out in January. While it’s still uncertain what the future holds for the trade relationship between the United Kingdom and the European Union, but one thing is for sure. Traders are worried about disruptions in the […]
Tesla’s Upcoming Debut on the S&P 500 Causes a Stock Soar

Tesla’s Upcoming Debut on the S&P 500 Causes a Stock Soar

According to the S&P 500 announcement on Monday, electric car manufacturer Tesla (TSLA) will be joining the Index on December 21.  Tesla’s current market cap is roughly $387 billion, which is significantly more than long term members of the Index like Toyota or Coca-Cola. It is the 11th largest company by market capitalization in the US at the time but has all the potential to replace JP Morgan Chase & Co. as the 10th largest company.   According […]
Bitcoin Surpasses Netflix in Value in Market Capitalization

Bitcoin Surpasses Netflix in Value in Market Capitalization

Bitcoin is often compared to Tulipmania – the world’s first financial bubble – in the Netherlands in the 17th century. During this time, the contract prices for tulips reached their monumental peak and then drastically collapsed in a week, causing tulip holders to declare bankruptcy. This is generally the model that defines all financial bubbles. Assets, both good and bad, drastically appreciate […]
Black Day for Oil Prices on New Coronavirus Lockdowns

Black Day for Oil Prices on New Coronavirus Lockdowns

New coronavirus lockdown measures announced over the weekend across Europe, including in the UK, France, and Germany, put an end to the recent oil prices rally with Brent crude falling to $35.74 per barrel, the lowest for the year since late May. Brent, the primary oil price benchmark, is down 45% since the start of […]
scientists raise concerns over new covid strain

Scientists Raise Concerns Over New Coronavirus Mutations Spreading Through Europe

A team of scientists tasked with tracking mutations to the coronavirus has raised concerns over one particular variant, called 20A.EU1 has spread through Europe and is now responsible for the majority of new cases in several countries, including the UK, where the new variant accounts for more than 80% of new infections. 20A.EU1 was first […]
U.S. Presidential Debate - Microphones Will Be Muted

U.S. Presidential Debate – Microphones Will Be Muted

September 30th saw the U.S.A., and the rest of the world witnessed what was probably the least “presidential” presidential debate ever conducted. The two opponents, President Trump and Democrat candidate Biden threw the proverbial sink at each other, and not in a good way. Interruptions, barracking, whining, bickering. The presidential debate sank to the level […]
IFS Warns Of Financial Black Hole For UK Economy By Next General Election

IFS Warns Of Financial Black Hole For UK Economy By Next General Election

The IFS (Institute for Fiscal Studies) has issued a stark warning about the state of the economy by the next UK general election. The Covid lockdown effects on the economy and the slow recovery would leave a lasting dent in the exchequer’s coffers, with borrowing estimated to be around £100bn higher by 2024. According to […]