U.K. banks boost FTSE 100
‘This is not a short-term price reaction,’ says strategist on recent U.S. market moves
Chinese government’s drip feed and piecemeal policy support isn’t ideal for markets, economist says
Duncan Wrigley, chief China economist at Pantheon Macroeconomics, says Beijing is looking to solve the country’s issues in a systemic fashion over several years whereas markets are hoping for a much bigger, faster reaction.
Blanket tariffs would be incredibly inflationary, strategist says
Citi Head of European Equities Beata Manthey Told CNBC that blanket tariffs would not create any winners, with a potential risk to U.S. profit margins.
Puma shares up 4%
Shares of Puma year-to-date.
— Sam Meredith
Bitcoin tops $82,000 as crypto euphoria shows no sign of waning
Bitcoin hit another high on Monday, trading 3.6% higher at $82,216 by 6:58 ET, according to Coin Metrics. Other coins also got a boost, with ether up 1.8%, trading around $3,204 after topping $3,000 over the weekend.