Economists trim forecasts and investors feel jitters over Delta variant
Goldman Sachs cuts quarterly US growth outlook to 5.5% as data point to slackening recovery
https://www.ft.com/content/c21958ff-80d2-4b3b-863c-c492b361b2a4
The Financial Times is one of the world's leading news organisations, recognised internationally for its authority, integrity and accuracy. This is not the official Financial Times website.
Broadcast Loop 12
Economists trim forecasts and investors feel jitters over Delta variant
Goldman Sachs cuts quarterly US growth outlook to 5.5% as data point to slackening recovery
https://www.ft.com/content/c21958ff-80d2-4b3b-863c-c492b361b2a4
BlackRock calls for investors to lift allocations to China’s markets
Asset manager’s research division says second-largest market is no longer an emerging nation
https://www.ft.com/content/f876fb63-1823-4f4b-a28f-faa7797aa49c
Wall Street bets that equity bull run will continue
But some investors worry that market already reflects high levels of optimism
https://www.ft.com/content/4b53fe3a-b0de-4827-bcd9-613593547f2c
US debt investors spooked by Delta variant concerns
Bonds issued by retailers and cinema operators among those to fall as businesses delay return of workers to offices
https://www.ft.com/content/f7ba3dc6-f5b8-4709-acd7-d7b535235235
‘Greenflation’ threatens to derail climate change action
Fossil fuels will be needed in the green transition, but vital supplies are being squeezed
https://www.ft.com/content/49c19d8f-c3c3-4450-b869-50c7126076ee
Gas crunch sends prices hurtling higher
Tight global supplies exacerbated by lower Russian volumes and declining European production
https://www.ft.com/content/d14ec1a3-12f0-484e-9246-d2a2ae9bc004
US ETF inflows surge past $500bn this year to eclipse 2020 record
Total assets reach $6.6tn as buoyant markets boost appeal of low-cost investment vehicles
https://www.ft.com/content/c6210b52-6381-4bbb-8433-cf4f8691e577
Fed moves closer to decision on ‘tapering’ massive stimulus
Central bank says it has made ‘progress’ towards its inflation and employment goals
https://www.ft.com/content/6b5992d3-967e-4a63-b159-a398654d6199
Fund manager Horizon Kinetics bets on land and crypto as inflation rises
Investors look to shield portfolios from rising prices as debt levels soar in the wake of pandemic
https://www.ft.com/content/a0fb31c3-e2af-4a9a-b374-a657e030ab9d
Retail investors to drive $1.5tn push towards bespoke index funds
Vanguard, JPMorgan, BlackRock and Morgan Stanley have all done deals to bolster their direct indexing offerings
https://www.ft.com/content/4cb8fccf-327f-4373-9450-60664a903d50
Chinese tech stocks sink as regulation fears hit Tencent
Internet group falls most in decade as investors sell on concerns of widening regulatory crackdown
https://www.ft.com/content/9f958def-6657-4283-8998-2954909a3465
Thermal coal prices soar as demand for electricity rebounds
Popularity of fossil fuel as a stopgap to generate power reveals difficulties of clean energy transition
https://www.ft.com/content/b696720f-fed4-4f4b-acbd-302f8935c73e
The two big reasons to doubt the global boom
Cracks are appearing in the US and Chinese engines of growth
https://www.ft.com/content/e8fc84b4-7faf-4e15-bfc2-8f51874d5daa
Is this the best whisky bar in the world?
Bertie’s Bar at the Fife Arms in the Highlands is a dram-lover’s dream come true
https://www.ft.com/content/41349add-b99c-489b-aa4c-40bf3eb1dd3d
Hedge fund that bet against GameStop shuts down
White Square move marks one of first closures of fund hit by surges in so-called meme stocks
https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6
How meme lords fuelled a boom in the ‘stonk market’
Financial memefication is evolving from a niche corner to grow deep roots in markets
https://www.ft.com/content/e3304649-7348-424e-b354-e8da1c819364
From superyachts to super suiting, your essential guide to summer getaways
https://www.ft.com/content/018d12b0-9a4f-4d55-8e56-8fea394ed947
Bond spreads collapse as investors rush into corporate debt
Fall in the premium demanded to hold higher-risk debt signals increasing confidence in the US economy
https://www.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410
Britain in talks with six companies about gigafactories
Ford, LG and Samsung among groups examining making batteries for electric vehicles in UK
https://www.ft.com/content/eeba6823-bffc-4f96-8f98-5722c7db43f6
Third Point builds stake in Vivendi as Universal vote looms
Activist fund’s ‘substantial’ position comes as Ackman Spac tries to clinch deal for share in music group
https://www.ft.com/content/a2a7df40-68b4-4041-b2a5-98b967af4e07
Hedge funds expect to hold 7 per cent of assets in crypto within 5 years
Forecast could equate to about $312bn in digital currencies across the industry, survey finds
https://www.ft.com/content/4f8044bf-8f0f-46b4-9fb7-6d0eba723017
Fed meeting turns into a test of its inflation narrative
Central bank should not take comfort from the bond market
https://www.ft.com/content/46450be2-99dd-43ec-a9f3-9cf3c60d72e1
Sex education ignites online culture clash in Ethiopia
Christian campaigners take to YouTube to fight teaching that proponents say is vital for health
https://www.ft.com/content/ef1cda72-1f47-4529-aa4b-a49352ac9a81
US financial regulator warns against strict cryptocurrency rules
Commissioner says SEC should ‘gamify our communications with investors’
https://www.ft.com/content/ae0d40a1-8a4a-4885-a6a7-b157e27b3311
Retail frenzy reflects ‘broken’ US equity markets, says XTX’s Gerko
Small investors encouraged by ‘perverse incentives’, claims founder of computer-driven trading firm
https://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1
Are you the right kind of stressed?
New evidence suggests that a little bit of nervous tension might be just the thing we need
https://www.ft.com/content/1d615dda-1fe4-4ceb-afde-624d4e769371
Bitcoin ETP takes Swiss route to UK after cautious London response
Launch underscores tensions in Britain among institutional fund managers, regulators and policymakers
https://www.ft.com/content/14b8179a-7ddb-4478-b071-a2ec0de0ee2d
The real bond kings and queens sit on the Federal Reserve throne
Cash has been trash for years but soon it may be the only haven for investors
https://www.ft.com/content/f61e5657-c801-4f4d-9f8f-1611b299894d
Investors weigh whether to cash in on stock profits as summer kicks off
Big investment houses cautious on taking money off the table even after strong year-to-date gains
https://www.ft.com/content/7c2db7ef-a4a8-424a-b9b5-eb136be0aaf2
The price of breakfast: soaring costs bolster fears of global food inflation
The prices of raw materials that go into morning staples have surged since the start of the pandemic
https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d
Investors bet eurozone stock rally will gather steam as economy rebounds
Fund managers lured to once ‘overlooked markets’ as recovery from pandemic accelerates
https://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3
Oil producers face costly transition as world looks to net-zero future
Many fossil fuel-dependent economies will struggle to diversify despite intense pressure to hit 2050 targets
https://www.ft.com/content/27b4b7f1-9b08-4406-8119-03a73fb6ce19
The demise of the dollar? Reserve currencies in the era of ‘going big’
The extraordinary stimulus measures in the US could undermine confidence in the greenback if inflation takes off
https://www.ft.com/content/408d4065-f66d-4368-9095-c6a8743b0d01
The Federal Reserve is no longer markets’ best friend
Central bank and markets face tricky pivots to avoid damage from a policy mistake
https://www.ft.com/content/9f9d00da-afb1-4b51-9a0f-6344df914bd8
Canadian Bitcoin ETFs rattled by crypto tumult
Funds issued ‘market disruption’ alerts as US weighs several bitcoin ETF applications
https://www.ft.com/content/dc583136-113b-4161-b846-766f2db6fac7
Bitcoin’s growing energy problem: ‘It’s a dirty currency’
Elon Musk has highlighted the cryptocurrency’s environmental impact and governments are starting to take notice
https://www.ft.com/content/1aecb2db-8f61-427c-a413-3b929291c8ac
Unhedged: Will value stocks save the day?
What works when valuations are high
https://www.ft.com/content/3a74a1f9-2675-41c2-b966-bc6349b77e43
Europe’s Climate Leaders 2021: interactive listing
Companies have made big strides in cutting their emissions intensity, but much more remains to be done
https://www.ft.com/content/eee36993-9d57-4e72-8f34-8e6d7be8ca67
Unhedged: the FT’s new email on markets and finance
Wild week after inflation scare is a precursor of things to come for investors
https://www.ft.com/content/931a6091-a5cf-4a00-bddb-fdf8fe493e6e
Asset managers express caution on cryptocurrency after price swings
Adoption by mainstream finance industry remains in question, executives say
https://www.ft.com/content/cf378147-1c60-4d60-96fb-bacbfad840fe
Live Q&A: How is Big Tech dealing with ethical problems?
FT correspondents Madhumita Murgia and Kiran Stacey will answer your questions throughout the day
https://www.ft.com/content/0c91c30e-f3c6-4219-bd33-475cc721ffbe
Investors brace for test of nerves as inflation worries mount
Markets face uncertainty as economic growth adds to expectations of interest rate rises
https://www.ft.com/content/c6ec0695-a4be-4336-b64b-5b10614f8ae9
The emotion business: who's cashing in on your emotions
In this interactive experience, we tested out the technology that tracks facial expressions — and it's pretty problematic.
https://ig.ft.com/emotion-recognition/
Markets weigh prospect of new commodities supercycle
Prices from corn to copper are rallying as economies reopen but sceptics think it will be transient
https://www.ft.com/content/f3650c8f-70a2-4f86-a648-9dc0b4434348
Team Canada ‘will come roaring back’
Canada’s ‘minister of everything’ is pinning her hopes on a consumer-led rebound from Covid-19 setbacks
https://www.ft.com/content/fc0196ce-2192-44ae-9b57-53f0bc725861
Commodities boom sends bulk shipping costs to decade highs
China’s ‘insatiable appetite’ for iron ore is key factor in surge in dry bulk index
https://www.ft.com/content/849434bb-1311-4d89-bc13-3e6c5dc7111a
Ark Invest’s flagship fund sinks to lowest since November
Cathie Wood vehicle hit hard as air comes out of speculative tech stocks
https://www.ft.com/content/7eca62e9-67f0-4241-bf6e-8b9ae0404351
Global passive assets hit $15tn as ETF boom heats up
Exchange traded funds close to eclipsing traditional index trackers for first time
https://www.ft.com/content/7d5c2468-619c-4c4b-b3e7-b0da015e939d
Fed warns of hidden leverage lurking in financial system
Central bank says Archegos collapse shows it lacks tools to see full extent of risk-taking
https://www.ft.com/content/cd723c4e-b182-416c-b511-bd3d516978d3
Crypto trading volumes boom as activity cools on stock markets
More and more daytraders and institutional investors shift their attention to more speculative assets
https://www.ft.com/content/630c225a-5b78-4eef-aecf-f5a4c95276d1