By Jeffrey Halley US equities struggled for direction overnight, with the S&P 500 and Nasdaq almost unchanged, while the Dow Jones eked out a small gain. The outcome is hardly surprising with
By Jeffrey Halley Readers should stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere
The inevitable regulation of the cryptocurrency market is “a significant step closer” according to the head of a leading advisory and fintech, following comments made on Monday by the U.S. Securities and
By Moody’s Analytics U.S. recessions are ultimately a loss of faith: consumers lose faith that they will have a job and pull back on their spending, and businesses lose faith that there
By Craig Erlam It’s been a week of consolidation in stock markets after last week’s rout, with Europe looking to it with minor gains. It hasn’t been the blockbuster week as the
By Jeffrey Halley The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast to Wednesday’s frenzy. The Fed Chair reiterated an unconditional commitment to fight inflation,
By Jeffrey Halley Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the centre of attention overnight. Speaking to Congress on Wednesday, Powell finally dispensed with soft landings, describing them
By Craig Erlam European stock markets are falling heavily again on Wednesday, reminding us once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to
By Jeffrey Halley ‘Gone in 60 Seconds’ was a 2000 movie with Nicholas Cage stealing 50 high-end cars in three days. It is actually a remake of my favourite 1974 version, where
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of normalcy seems to be returning to financial markets after the brutal selloff in shares last week. Asian stocks rebounded on Tuesday
