10 Things We Learned This Week

From bumper IPOs to Britcoin uncertainty, it's been a busy week for investing news

Ollie Smith 12 November, 2021 | 12:00AM
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Number 10

1. Crypto ETFs swept the board in October

Our monthly round-up of the best and worst performing European exchange-traded products reveals a clean sweep for cryptocurrencies in the top 20, while natural gas and Brazilian ETFs were bottom of the pile. The Top 20 list of ETPs was led in October by SEBA Polkadot ETC (SDOT), launched back in July on the SIX Swiss Exchange by issuer SEBA Bank. 

2. China is talking tough on coal

The COP26 climate conference closes today, and while the Morningstar assessment is that it can tentatively be described as a success, a lot rests on some big promises. An accord reached by the US and China on reducing emissions seems to be a real bright spot, though China’s own pledge to switch away from constructing new coal-fired power stations will be easier said than done. The country is already in the midst of a coal crisis, and shortages are impacting other countries in the region reliant on the commodity.

3. UK growth looks decidedly dicey

UK gross domestic product (GDP) growth may be in the middle of a bounceback from the dark days of 2020’s lockdowns, but we are not out of the woods just yet. New figures released this week by the Office for National Statistics showed GDP grew 1.3% between July and September 2021. That compares with 5.5% growth in the second quarter of this year (April to June). GDP is now 2.1% below pre-pandemic levels.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
General Electric Co95.23 USD0.00Rating
Tesla Inc1,084.60 USD0.00Rating
THG PLC Ordinary Share177.10 GBP0.00

About Author

Ollie Smith  is editor of Morningstar UK