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
Facebook Twitter LinkedIn

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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