Recent Posts

S&P 500 sleepwalk gets over as May awakening ignites $4tn loss

Bloomberg If euphoria was the concern, you can stop worrying. With books now closed, the S&P 500 has formally delivered its worst May return in seven years and second-worst since the 1960s, falling 6.6 percent. For tech traders watching the Nasdaq 100, the experience was only a shade less harrowing than the crash months of October and December. Peace has ...

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Little solace in sight for pound as Britain political risks mount

Bloomberg There is little on the horizon that can help the pound regain its footing as investors brace for subdued UK economic data and the risk of a euroskeptic prime minister. Sterling fell for a third month against the dollar in May and touched its weakest level since January versus the euro amid persistent market anxiety about Britain’s political upheaval ...

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US’s Ohio state approves coal, nuclear power plant subsidies

Bloomberg The Ohio House of Representatives approved a measure that would subsidise the state’s struggling coal and nuclear plants after lobbying from a member of President Donald Trump’s re-election campaign. Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well, according ...

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