Mixed start for stocks following a solid performance in the prior session and a mixed one in the US. After a slow start European stock markets – the Stoxx 600 and DAX – eked out fresh records Thursday and the FTSE 100 managed to hit its highest level in 20 months. In the US, the Nasdaq and S&P 500 rose but the Dow was dragged into the […]

Take your pick: Talk down US shale, discourage investment in the oil sector, close key pipelines and virtue signal about climate change, pump vast amounts of cash to stimulate demand and then call on OPEC and its allies to pump more oil because inflation is biting in your country. Or you could be a billionaire who virtue signals about green things but backs a mining operation […]

A hike that takes us close to the top? The main thing we can gather from the Bank of England and Federal Reserve rate hikes and commentary is that they are data dependent now. That means central banks like the BoE will be hiking more than they and the market think. 

Yields are popping, as a bond market selloff that started last week in the wake of the Fed meeting gathers steam. US 20yr and 30yr paper is yielding the most since July, both above 2%, whilst the benchmark 10yr note has jumped above the psychologically important 1.5% level to 1.53%, its highest since June. Bets […]

Shares in London are flat early doors ahead of the Bank of England, with the FTSE 100 index just about eking out a tiny new all-time high at the open where it’s camping out around 8,355.