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Despite Covid, global stocks started 2021 on a high. But some analysts warn of an ‘epic’ bubble, amid fears that the flow of stimulus has created a monsterInsurrections are not usually seen by investors as buy signals. Yet even as rioters stormed the seat of US legislative government last week, stock market indices hit new highs in New York, adding another chapter to 12...

Quantitative easing stimulus is equivalent to almost 2% off interest ratesCoronavirus – latest updatesSee all our coronavirus coverageThe Bank of England has gone all in. By cutting interest rates to 0.1% and announcing a fresh £200bn of money creation via its quantitative easing programme it has fired all the conventional weapons in its arsenal.There will be some who say this is all reminiscent of...

Update on markets lists eight leading countries, including US, China and UK, as vulnerableLow interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the International Monetary Fund has said.In its half-yearly update on the state of the world’s financial markets, the IMF said that almost 40% of...

Traders in the Asia-Pacific region are braced for a turbulent day after the inverted US bond yield curve sent alarm bells ringing around the world 2.31am BST China’s central bank has set the yuan higher this morning at 7.0268 against the US dollar, compared with 7.0312 the day before.In other words, Beijing is willing to see the yuan strengthen a little. (The lower the...