It’s bad news for Marks & Spencer as the retailer is dropped from the FTSE 100. It is the first time the troubled food and fashion company has not been a FTSE 100 member since the index was launched in 1984.

European stocks are flat in early trade as risk remains on watch for a range of factors, including earnings, inflation and expectations central banks will tighten the screw. The S&P 500 notched a 4th straight day of gains, but the Dow Jones fell. The Nasdaq rallied with megcap growth performing solidly. Asian shares rallied with […]

After a bit of time to digest the Bank of England decision, it looks to have provided that hawkish pivot we’d anticipated. But I would not say it’s enough to really tell the market that it will fulfil its mandate to keep inflation in check and ensure longer-term inflation expectations remain in check. A missed […]

The reopening in the US and UK continues apace. More states are opening up bars, restaurants and other hospitality venues at full capacity, whilst Britons are set to resume international travel this month and get back in the pub too.  Europe is catching up fast on vaccinating its population and will be at a similar level by the summer. The vaccines are working. Stimulus […]

Quote of the day: “The Fed’s application of its framework has left it behind the curve in controlling inflation. This, in turn, has made a hard landing virtually inevitable” – former NY Fed President Dudley.    The yield on the 2yr Treasury bond briefly rose above the yield for 10yr paper….that’s the big inversion everyone […]