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High-flying tech stocks can justify valuations
Markets

High-flying tech stocks can justify valuations

Rainfall records are being broken in the San Francisco Bay Area: six inches since the start of the year, the most since 1982. Local drivers react by randomly deploying wipers, brakes and lights; it…

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Markets must learn from pound flash crash, says BIS
Markets

Markets must learn from pound flash crash, says BIS

Fragile market conditions, poorly controlled algorithms and inexperienced staff all contributed to last October’s flash crash in sterling, global policymakers have…

Oil prices rally on Saudi production cut
Markets

Oil prices rally on Saudi production cut

Oil continued its see-saw start to the new year, registering its biggest advance in six weeks on Thursday after Opec’s biggest…

Europe soft open after Asian bourses slide
Markets

Europe soft open after Asian bourses slide

Thursday 08:40 GMT Overview The dollar, Treasury yields and equities are lower — with pharmaceutical groups in the firing line —…

Hong Kong bar group jumps 1,300% on debut
Markets

Hong Kong bar group jumps 1,300% on debut

Staff costs are rising faster than beer prices and its market faces intense competition. Still, Hong Kong investors sent Bar Pacific…

European stocks soft as US futures stall
Markets

European stocks soft as US futures stall

Wednesday 08:30 GMT Overview European stocks and US index futures are lacking momentum, while government bond yields see minimal moves, as…

Markets

Peso sinks to new low as Mexico’s woes mount

For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look…

Markets

Currency extends losses for 2017 to 7%

Yep, it’s still falling. Turkey’s battered currency is taking no break from its recent woes at the start of European trading…

Asian markets struggle for traction
Markets

Asian markets struggle for traction

Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs,…

Blockchain receives its first big test case
Markets

Blockchain receives its first big test case

The world’s main repository for data on credit derivatives deals will move its database on to the blockchain, in the first…

The big rotation trades in 2017
Markets

The big rotation trades in 2017

One of the more cherished bits of jargon used in finance is an idea that cash may sit on the sidelines,…