Live markets commentary from FT.com
Chronicling the start of the balance sheet unwind…
Fake cryptocurrencies; Qatari pressures; Why self-driving cars won’t be a mass phenomenon until the India issue has been resolved; Plus much, much, more….
Kingfisher’s transformation is not so fluent. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here.
In this guest post, Victor Xing of Kekselias looks at how central banks are dealing with the distributional effects of their policies.
You’d think economies freed from “golden fetters” would have less economic volatility and lower risk of catastrope. And yet…
Against the tyranny of corporate earnings, EBITDA and other quarterly financial valuation metrics.
The $600m raise by Social Capital Hedosophia Holdings suggests we need more deterrents to going public
Ocado grows as it waits for more deals. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here.
Elsewhere on Tuesday, — The stresses and strains of building an iconic legacy business.
The closer you look at USC, the more you realise it doesn’t cut costs as much as transfers them back to the public sector.
What is the real incentive for a central bank to issue an anonymous digital currency?
Petra’s debt takes sparkle off record production. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here.
Trading precious bodily fluids; Jobs as prisons for ourselves; Sofi the Theranos of fintech; plus much more…
Seems excessive…
Think of it within the context of the balance of payments as foreign exchange reserves that can never be depleted.
We’ll see.
A conversation with economist Jennifer Hunt
While the world focuses on Bitcoin, a much more interesting phenomenon is occurring in the crypto space that’s dedicating itself to replicating dollars.
JD Wetherspoon reaps strong summer harvest. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here.
A Dutch fund of hedge funds manager is doing an initial coin offering, because of course, why not?
Elsewhere on Friday, — What are the technology requirements for a central bank digital currency? (Bank Underground)
The following guest post on Target2 imbalances and capital flows is from Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator.
And, ladies and gentlemen, for my Next trick… FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here.
Elsewhere on Thursday…
The discount supermarket chain walked away from discussions with the apprenticeships provider in June
