Bank problems accelerate the macro outlook Bank contagion is not a 2008 repeat but will have a big impact. Fed backstops US system with $300 billion help and is set for less rate hikes. Europe not immune to contagion fears, but is in a more secure position. Events of the…

In a surprising move, Meta is “winding down” its work with NFTs on Facebook and Instagram, according to Meta commerce and fintech lead Stephane Kasriel. This means Meta will stop testing making and selling NFTs on Instagram and letting people share NFTs on Instagram and Facebook in the next few…

Curve adds 4% on quick crypto recovery Trading volume hits record high of $7 billion As the traditional financial world is rocked by turbulence in the banking sector, the crypto market is showing resilience. Last week saw one of the largest stablecoins lose its peg on the sudden collapse of two American banks, following a warning from Jerome Powell that the Federal Reserve is still…

Navigating weaker commodity markets Commodities are lagging all asset classes this year, on demand fear and resilient dollar. After leading for the past two years. Natural gas prices led energy down, but may stabilise. Industrial metals are focused on China’s reopening, and precious metals on bond yield competition. Ag has…

Adidas, the German sportswear giant, is facing the possibility of its first annual loss in three decades after its partnership with rapper and fashion designer Kanye West ended last October. The company is yet to decide what to do with the mountain of unsold Yeezy trainers, which had a book…

Maker up 20% as DeFi beats the downturn Could Cosmos or Polkadot be next? As we move into March, the crypto recovery has been hit by two headwinds: a financial crisis at one of the biggest crypto-friendly banks, and comments from SEC Chair Gary Gensler that everything except Bitcoin is likely a security. Altcoins have taken the biggest hit from the bad news, with…

Déjà vu return to 2022 winners More volatile markets and higher bond yields argue for a new look at the 2022 winning sectors that lagged this year. Traditional defensives, like healthcare, defence, or high dividend, but also surprises, like airlines. Financials are one of the biggest winners of current macro…

NEO rides 25% higher on tailwinds from Hong Kong Could China drive the next bull market? Tightening regulation and accelerating inflation in the US have led to minor losses for most cryptoassets in the last week. Yet in Hong Kong, authorities are loosening crypto regulation as China looks to ramp up economic stimulus. Against this backdrop, Chinese altcoin NEO is coming in hot with 25% gains…

High dividend yield stocks set for a comeback They are defensive to inflation and uncertainty. 2022 saw strong 9% dividend growth and record $1 trillion of US share buybacks. 2023 to be more muted as profit pressures rise, but still positive. Pay-out ratios are below average. Major payers, energy and…