Some people argue that ETFs undermine the structure of the stockmarket. That’s not really true, says John Stepek. But they could spark trouble in another area of the markets.
The FTSE 100 saw a sharp rise yesterday after the Bank of England cut interest rates to 0.25% and extended its quantitative easing programme. The index closed up 1.6% at 6,740.
Regional housebuilder Bovis has seen its shares rise by 40% in the last year, while Crest Nicholson’s have slid by 20%.
Investors are worried that Argentina and Turkey could be the first two dominoes to fall in a wider emerging-markets crisis.
The biggest driver of long-term returns is the price you pay when you buy, says Merryn Somerset Webb.
Buying out-of-favour, beaten-down stocks may require impetuousness bordering on recklessness, says Max King – but buying recovery stocks can be mighty satisfying when it pays off.
Will America’s west coast or China’s east win the battle for tech firm supremacy? It’s still all to play for, says Matthew Lynn.
When markets are flying high, it’s easy to make the case for mergers and takeover bids. But be wary, says John Stepek.
Turkish stocks have lost 20% this year and the Turkish lira has slipped by more than 10% against the US dollar.
Clydesdale and Yorkshire Bank is aiming to snap up Virgin Money. Will the merged firm be more of a threat to the big banks? Alice Gråhns reports.
Media chatter would have you believe markets are heading for disaster. Don’t believe a word of it, says Max King.
In recent years, the big story in the advertising industry has been the soaring market share of digital disruptors such as Facebook. But the Mad Men of traditional media are fighting back, says Tim Dams.