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Wealth manager buys UK advice firm for £4m

Wealth manager buys UK advice firm for £4m
international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.

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EF Hutton Brand is Reborn - Again | Wealth Management

EF Hutton Brand is Reborn - Again | Wealth Management
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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European stocks grind out fresh highs as miners rally

3 Min Read
(Reuters) -European stocks reached record highs on Monday as miners led gains after commodity prices surged and optimism about the reopening of economies and easy monetary policy lifted sectors that typically benefit from a recovery.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 7, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.1%, ending at an all-time high, with miners rallying 2.3% to a 10-year-high.
London-listed miners, such as Rio Tinto, BHP Group and Glencore rose between 1.7% and 2.6%. China’s benchmark iron ore futures and steel futures hit all-time highs, and copper prices touched record highs on expectations of improved demand amid tightening supply. [MET/L] [IRONORE/] ....

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"We're In A New World" - Commodities Crash-Up At Record Pace As Iron Ore, Copper Explode Higher Overnight

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We re In A New World - Commodities Crash-Up At Record Pace As Iron Ore, Copper Explode Higher Overnight
by Tyler Durden
Monday, May 10, 2021 - 08:36 AM
Transitory or not, Goldman s global head of commodities research, Jeffrey Currie, told Bloomberg this week that
we re in a new world, and nowhere is that more evident than in the record-setting increase in the price of commodities across the globe.
From US/Canadian lumber to Chilean copper and Chinese Iron Ore, prices are soaring with
Bloomberg s Spot Commodity Index up a stunning 62% YoY - the fastest pace since January 1980.
Source: Bloomberg
The latest surge came from China overnight, where benchmark iron ore futures surged 10% to a record high, steel prices rose 6%, and copper prices touched record highs on hopes for improved demand amid tightening supply. ....

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Futures Flat As Soaring Commodities Depress Tech Stocks

by Tyler Durden
Monday, May 10, 2021 - 08:01 AM
S&P futures started the weak flat with Nasdaq futures falling offset by surging commodity stocks as a new record in copper and iron ore prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally. Metal producers were among the biggest gainers in premarket trading, with Freeport-McMoRan, Cleveland-Cliffs and United States Steel all up at least 3%.
At 715 am ET, Dow e-minis were up 109 points, or 0.31%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis were down 35.5 points, or 0.26%. The tech-heavy index has been whipsawed by the prospect of inflation which threatens longer-term profit expectations typical of the industry A downgrade by Citi of Internet stocks such as GOOGL did not help. Treasury yields steadied as traders brace for a busy week of auctions. ....

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