The price of bitcoin has surged nearly 30 per cent against the dollar in January, raising hopes among its faithful followers that the crypto market is emerging from the credit crisis that gripped it for much of last year.The token, the most actively traded in…

It turns out that the Bank of Japan is pretty unconcerned with what market hive-mind might think about it. Here is a one day USDJPY chart that screams macro hedge fund pain. Since last autumn the winning trade has been to bet on Japanese yen…

Ruurd Brouwer is the chief executive of TCX, a currency hedging fund set up by several development banks to help developing countries ameliorate FX risks. In last week’s FT, Martin Wolf made a just case that high income countries should support emerging and developing economies…

Good morning. Goldman’s earnings disappointed the market yesterday. A bad omen for the rest of earnings season? Probably not: investment banking and trading say more about markets than the real economy. Email us: robert.armstrong@ft.com and ethan.wu@ft.com.The case for a soft landingWe noted yesterday that markets…

Technology companies now account for a larger share of Wall Street’s primary gauge of “value” stocks than after any previous rebalancing in the benchmark’s near-30-year existence.The metric is a sign of the humbling of the once high-flying sector, with last year’s sharp sell-off sending a…

Over nearly four years, four prime ministers and five secretaries of state, the UK’s online safety bill appears to be approaching its messy final stages. This can be the ugly bit of lawmaking, even without internecine warfare in the Conservative party to manage. A bust…