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British Pound Traded Lower After BoE Kept Interest Rate Steady at 0.10%
June 25, 2021 05:01 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 23.96 points or 0.56 per cent higher at 4,265.80, Dow Jones Industrial Average Index surged by 233.87 points or 0.69 per cent higher at 34,1...
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Bank of England raises inflation forecast but leaves interest rates unchanged at 0.1%
June 25, 2021 01:16 AM AEST| By Suhita PoddarSummary Bank of England has raised its inflation forecast but said it would be a temporary. BoE expects that consumer prices would see a jump of 3 per cent. The central bank left interest rates unchanged at a record low of 0.1 per cent. U.....
What moved business optimism in UK directors at a record high?
June 24, 2021 07:41 PM AEST| By Kamalika GhoshSummary A new survey by the Institute of Directors found that UK’s business leaders’ confidence in the economy was at an all-time high. The rally in optimism was primarily driven by positive sentiments around the vaccination drive. .....
APAC markets end flat on mixed sentiments
June 24, 2021 06:33 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region closed mostly flat on a day when the sentiments across the geography seemed mixed. In Mainland China, shares closed mixed as the Shanghai Composite Index ended the trading day largely around the f...
Is it wise to buy Bitcoin?
June 24, 2021 04:50 PM AEST| By Daniel Paul JohnsSummary A big part of Bitcoin’s post-May decline has been majorly influenced by China’s crackdown on bitcoin trading and mining. A decision by Chinese authorities to shut down Bitcoin mines in Beijing and Sichuan was closely followe.....
UK Stocks to Watch on June 24: First Property, Latham, Persimmon, Puretech Health, GlaxoSmithKline
June 24, 2021 04:36 PM AEST| By Suhita PoddarThe following FTSE listed stocks First Property (LON: FPO), Latham (LON: LTHM), Persimmon (LON: PSN), Puretech Health (LON: PRTC), GlaxoSmithKline (LON: GSK) are set to make headlines today. First Property Group plc (LON: FPO) FTSE AIM All-Sha...
Is Grayscale Bitcoin trust an ETF?
June 24, 2021 03:10 PM AEST| By Furquan MoharkanThe world’s largest cryptocurrency, Bitcoin, has been one of the world’s most talked-about assets in 2021. Bitcoin prices, displaying a volatility worse than that of penny stocks, have had wild swings in last five months of this year. Sh...
Is blockchain only for cryptocurrencies? What are the risks of blockchain?
June 24, 2021 02:03 PM AEST| By Daniel Paul JohnsSummary Cryptocurrency Bitcoin was the first to utilise blockchain technology in 2008 when its anonymous creator, Satoshi Nakamoto, decided he wanted to create a peer-to-peer digital technology, bypassing a financial middleman. The “block.....
Does investment maestro Warren Buffet trade in penny stocks?
June 24, 2021 01:08 PM AEST| By Furquan MoharkanWarren Buffett, undoubtedly, has been the world’s most successful serial investor. With a net worth of over US$100 billion, Mr Buffett at one point in time, was the world’s richest man. He and Bill Gates of Microsoft Corporation used to s...
US markets close mixed as financials, energy stocks advance
June 24, 2021 08:26 AM AEST| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, June 23, after financials and energy scrips advanced, while other stock segments remained subdued. The S&P 500 was down 0.11% to 4,241.84. The Dow Jones declined 0.21% to 33,874.24. The NASDAQ Comp...
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Crude Oil Prices Breached Multiyear Highs with Brent Rallied Near $76
June 24, 2021 04:08 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.97 points or 0.07 per cent higher at 4,249.40, Dow Jones Industrial Average Index dipped by 20.81 points or 0.06 per cent lower at...
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Has inflationary pressure started impeding UK economic rebound?
June 24, 2021 12:48 AM AEST| By Suhita PoddarSummary The IHS Markit economic survey reported a preliminary June reading of 61.7, falling slightly from May’s reading of 62.9. The marginal drop in data indicated that the UK’s frenzied economic growth rate might have peaked due t.....
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Why is Lloyds Banking closing 44 branches in England & Wales?
June 23, 2021 11:53 PM AEST| By AbhijeetSummary Lloyds Banking Group has announced to close 44 branches Decision has been criticised by the British and Irish Trade Union Unite Shares of the bank traded in the positive territory post announcement Lloyds Banking Group Plc (.....
Seven red hot cryptos trending in 2021
June 23, 2021 05:34 PM AEST| By AshishSummary As more and more companies start accepting them as a mode of payment, cryptocurrencies have become all the rage across the world. There are over 5,000 digital coins which are currently trading. Here we will discuss 10 digital coins tha.....
Can Dogecoin touch $1 this year?
June 23, 2021 04:59 AM AEST| By Kiran MuraliDogecoin was launched in 2013 initially as a joke. It was based on a popular meme featuring the Japanese dog breed Shiba Inu. Dogecoin has a picture of the meme on it. Over time, Dogecoin became more than a ‘comical’ cryptocurrency as it...
British & US Equities Inched Higher Ahead of Jerome Powell’s Testimony
June 23, 2021 04:06 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.70 points or 0.32 per cent higher at 4,238.50, Dow Jones Industrial Average Index surged by 27.00 points or 0.08 per cent higher at 33,90...
Reabold Resources hails Parta exploration license extension in Romania
June 23, 2021 02:00 AM AEST| By Team Kalkine MediaReabold Resources Plc (LON: RBD), the London-headquartered investment corporation with interests in oil and gas projects, on Monday, 21 June, announced the extension of the Parta Exploration License granted by the Romanian regulatory body, the Nati.....
The UK to formally begin trans-pacific free trade talks
June 22, 2021 08:28 PM AEST| By Suhita PoddarSummary The UK had applied to join the CPTPP in January after its exit from the European Union earlier this year. The CPTPP is the largest trading bloc and accounts for 13 per cent of the world’s GDP. The UK wants to gain tariff free tra.....
COVID-19 a tailwind for pet care: What does the future hold?
June 22, 2021 06:36 PM AEST| By Tripti JoshiSummary With pet owners spending more time with their pets, the animal health industry has witnessed a significant boost over the past 12 months. Amid the COVID-19 pandemic, pet therapy has become a popular medicine for humans. Several advance.....
Stocks to watch: DS Smith, Novacyt, Morrisons, Avacta Group and Capita PLC
June 22, 2021 04:55 PM AEST| By Suhita PoddarThe following FTSE listed stocks Novacyt (LON: NCYT) DS Smith (LON: SMDS), Morrisons (LON: MRW), Avacta Group (LON: AVCT), Capita PLC (LON: CPI), are set to make headlines today. Smith (DS) PLC (LON: SMDS) UK-based packaging company DS Smith an...
