Bitcoin Is Exactly Like Gold Except When It Isn’t

Bitcoin Is Exactly Like Gold Except When It Isn’t

LAGOS (Capital Markets in Africa) – Bitcoin has been described as digital gold. The phrase digital gold may be a brilliant and highly informative metaphor, a cynically clever sales trick (a form of associative and repetitive priming) intended to boost bitcoin trading by naïve investors or, perhaps, an indication of the futility of explaining the utility of bitcoin. Elmandjra (2020) embraces the concept of bitcoin as digital gold and enthusiastically recommends bitcoin investment while Furman…

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Bond market riot: Rates are rising but is it sustainable?

Bond market riot: Rates are rising but is it sustainable?

LONDON (Capital Markets in Africa) – The new year has awoken the bond market from its slumber. What began as a gradual climb in nominal yields from the summer accelerated in February with the yield on the US 10-year Treasury note briefly topping 1.6%, and significant moves higher globally including in Australia and the UK. Moves of this speed are rare, so Janus Henderson dedicated an ISG meeting to ask why global yield curves have…

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Stock Market Bubble? By Ray Dalio, Founder of Bridgewater Associates

Stock Market Bubble? By Ray Dalio, Founder of Bridgewater Associates

LONDON (Capital Markets in Africa) – Ray Dalio has seen a lot of bubbles in his time and he has studied even more in history, so he knows what he means by a bubble and he systemized it into a “bubble indicator” that he monitors to help give him perspective on each market. We now use it to look at most markets we are in. He wants to show you how it works and what…

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Transition Pathway Initiative: State of Transition Summit 2021

Transition Pathway Initiative: State of Transition Summit 2021

This is the transition decade, and companies are starting to detail their transition plans whilst investors are committing to net-zero targets. Ahead of the major UN climate conference, COP26 Summit to be held in Glasgow, please join the Transition Pathway Initiative (TPI) for the fourth ‘Annual State of the Transition Summit’ to hear what progress has or has not been made. During this webinar we will bring leading global investors together for an honest dialogue…

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Oil Rises After Suez Canal Blockage, Strong European Data

Oil Rises After Suez Canal Blockage, Strong European Data

LAGOS (Capital Markets in Africa) — Oil rebounded, following a sell-off on Tuesday, as investors assessed the impact of a blockage in the Suez Canal and European manufacturing data beat expectations. Futures in New York added as much as 3.4% after a ship ran aground, giving the market a reprieve after prices sank to the lowest level since early February. Despite efforts to move the vessel, it could block the route for days, according to people…

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Could We Have Seen S&P’s Historic Rebound Coming? – John Authers

Could We Have Seen S&P’s Historic Rebound Coming? – John Authers

LAGOS (Capital Markets in Africa) – A year ago, when the index began its 70% climb, no one could possibly have concluded that the worst of the pandemic was over. What a Long, Strange Trip It’s Been Congratulations: We have just finished the best 12 months in the history of the S&P 500. It was exactly a year ago that the world’s most-followed index hit bottom after the onset of the Covid-19 pandemic, and it…

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U.K. Eyes Property Taxes, Business Reporting in New Rollout

U.K. Eyes Property Taxes, Business Reporting in New Rollout

LONDON (Capital Markets in Africa) — The U.K is calling for new business tax reporting requirements and changes to how rental properties are taxed among dozens of new proposals announced on Tuesday. The proposals, through a series of consultations and policy papers released during the government’s so-called tax day, comes more than two weeks after Chancellor of the Exchequer Rishi Sunak announced plans to raise corporate taxes as part of the government’s spring budget. Among the new…

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