Motor Taxes of the Future?
When electric cars become mainstream and fossil fuels are consigned to history – where will government lost revenues come from? Road tax is currently based on fuel emissions with a huge chunk of government income taken from fuel tax. This will potentially mean a £27 – £28 billion hole in …
FOMC Meeting
The Federal Reserve hold US interest rates at current level. Gradual US interest rate rises are on the way. Fed to unwind balance sheet ‘soon’. More on this to follow…
Wall Street High
The DOW Jones Industrial Average closed at a record high of 21709 after reaching intra-day highs of 21739
UK Economy grows
Initial figures released by the Office for National Statistics (ONS) show first estimates suggest the UK economy grew by 0.3% in the three months to the end of June. Bear in mind these figures can be subject to revision in the coming months. The ONS tweets that growth was driven …
S&P 500 hits new high
US indices made good gains again yesterday (25/07/17) which saw the S&P 500 reach fresh record highs. The DOW also hit a new intra-day high but pulled back at close.
Diesel and Petrol ban by 2040
Following on from the ‘Faraday Challenge’ announced by the UK government this week, which presented plans to develop smarter energy for the future – we now have this brilliant new initiative announced today to ban ‘dirty diesel’ car engines from our roads by 2040. Now, based on that time scale …
FTSE 100 Top Performer Today
Antofagasta PLC (ANTO) was the top FTSE 100 performer today – up 7.5% to 951p – Miners in general enjoyed a good day. Provident Financial PLC (PFG) was the worst FTSE 100 performer of the day – down 5.8% to £21.63
US Senate votes
The US senate has voted to start debate on healthcare legislation to repeal Obamacare.
Are US stock market valuations excessive?
As US Indices hit fresh records again today – I am beginning to wonder, like many, if the US equities can keep breaking records for much longer? The US Federal Reserve will announce its latest monetary policy decision on Wednesday (26/07/17) and as we are right in the middle of …
Oil price breaks $50 a barrel
Brent crude breaks through $50 a barrel for the first time since June.
