Market Loop - Investors rattled over China lockdowns

View this email in your browser
26th April 2022

Bite-sized business news from the UK and beyond
Good morning Breaking news overnight, after a two-week public tussle Elon Musk has struck a deal to buy Twitter for $44bn. In a statement Musk, the world’s richest man, said he wants to make Twitter better than ever by enhancing the product with new features, which could include a much anticipated 'edit' button.
Today's stories
  • Beijing jitters – Investors rattled over China lockdowns
  • Facebook v the UK – Meta fights regulator ruling
STOCK MARKET
Investors rattled over China lockdowns


What’s going on?
Yesterday European stock markets fell sharply as investors remained uneasy about the surging Covid cases in China which could slowdown the world’s second largest economy.

Why is this important?
Emmanuel Macron’s presidential victory in France on Sunday was supposed to ease investor concerns and lead to a bounce in the stock market on Monday. 

But that didn’t happen. The news was overshadowed by the fact that China is battling its worst Covid outbreak since Wuhan more than two years ago at the start of the pandemic. The commercial centre Shanghai has been in strict lockdown for weeks and there are fears that similar restrictions could be imposed on the capital Beijing.

China’s zero-Covid approach has caused concern among investors about a global economic slowdown

The FTSE 100 fell by 2% with similar falls in the French and German stock markets. Shares in oil companies and miners bore the brunt of the selling as China is a major consumer of their products.

Investors also had to grapple with recent suggestions from the head of the US central bank that interest rates could rise quicker than first thought. Rising interest rates makes investing in the stock market less attractive.

Like most Western countries the US is experiencing soaring inflation and the Federal Reserve, like other central banks, is under pressure to ramp up the cost of borrowing to bring prices under control. 

 
Zooming out
There could be more choppy waters ahead for the stock market this week with the big tech companies reporting first quarter results.

After Netflix’s disappoint earnings last week (where they reported the first drop in subscribers in 10 years), investors will be hoping for more encouraging trading from Amazon, Facebook and Apple.
Other stories to keep you in the loop
TECH
Meta fights regulator ruling


This week a four-day trial kicks off between Meta and the UK competition regulator, the CMA, to decide whether the Facebook owner can overturn the order to sell Giphy.

Giphy is one of the largest GIF sites on the internet, offering tools for creating and sharing animated images (popular here at Market Loop). Its user-uploaded library of GIFs is already integrated and used widely by Meta's family of social media apps including Facebook and WhatsApp but can also be used on other platforms such as Twitter.

Meta announced it was buying Giphy for $400m in 2020 but since then CMA has launched an investigation into the deal. It's concerned that Facebook could behave anti-competitively and hurt consumers by cutting off the supply of GIFs to rivals and demanding more data from Giphy’s customers to keep using the service.

Last year the CMA ordered Meta to sell Giphy. It was the first time a global regulator had forced a big tech company to undo a completed acquisition and the CMA was the only major regulator to take a stance on the deal.
Stat of the day

A recent survey has found that 43% of Brits say they would not be able to save money in the next 12 months due to the cost of living crisis
Interesting links from around the web
Forward to Friend Forward to Friend
Not a subscriber? Join free
Twitter
Sent this by a friend? Sign up here
How did you like today's email?
Get in touch with any feedback or even just to say hi
hello@marketloop.co

Copyright © 2022 Market Loop, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
 






This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
Market Loop · 16 Great Chapel St · London, London W1F 8FL · United Kingdom

Email Marketing Powered by Mailchimp

Key phrases

Older messages

Consumer confidence and retail sales take a hit

Monday, April 25, 2022

.... and Supermarkets limit cooking oil purchases View this email in your browser 25th April 2022 Bite-sized business news from the UK and beyond Good morning Over the next week a million half price

Elon Musk – the busiest businessman

Friday, April 22, 2022

.... and Have we reached peaked Netflix? View this email in your browser 22nd April 2022 Bite-sized business news from the UK and beyond Good morning The days of the 9am-5pm high street bank branch

UK economy grinds to a near standstill

Tuesday, April 12, 2022

.... and Sony and Lego invest $2bn in Fortnite maker View this email in your browser 12th April 2022 Bite-sized business news from the UK and beyond Good morning Could the fountain of youth have been

Taxing times for the chancellor

Monday, April 11, 2022

.... and Talk of a Talktalk takeover View this email in your browser 11th April 2022 Bite-sized business news from the UK and beyond Good morning Last week Glassdoor released its list of US companies

UK sets out energy independence plan

Friday, April 8, 2022

.... and Meta explores digital coins for Facebook and Instagram users View this email in your browser 8th April 2022 Bite-sized business news from the UK and beyond Good morning This week Forbes

💻 Issue 225 - React NodeJS Soft Dashboard - Open-Source Full-Stack Starter

Thursday, April 7, 2022

This week's Awesome React Weekly Read this email on the Web The Awesome React Weekly Issue » 225 Release Date Apr 07, 2022 Your weekly report of the most popular React news, articles and projects

Finally, a Universal Watchlist for All Your Streaming Services

Thursday, April 7, 2022

Plex has done what Apple and Google couldn't: Create a watchlist that works across all your streaming apps.... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Do everything better Thursday, April 7,

Opening Gates to The Culture of Experimentation

Monday, October 25, 2021

Curated content from the world of growth in your inbox! Sign up for GrowthHackers Conference We are opening the gates! GrowthHackers Conference starts in a few minutes, at 9 am PDT! If you already have

You've got mail

Tuesday, September 28, 2021

Newsletters have done for email what social distancing did for QR codes. Your inbox made a comback from 1990's romcom... Product Hunt Read in browser This newsletter is brought to you by 6

Fear-Setting For Consultants

Friday, May 20, 2022

Easy has a cost. Pragmatic Consulting Club Pragmatic Consulting Club Fear-Setting For Consultants By Danilo Kreimer – 20 May 2022 – View online → Here's a beautiful quote I came across yesterday,

it's Friday again, then

Friday, May 20, 2022

saturday, sunday, then SaaStr Europa (What!) saturday, sunday :) Hi SaaStr Superfan Happy Friday and hope you're excited about the weekend. This means we're even closer now to SaaStr Europa in

Stock markets rattled by signs of weakening consumer confidence

Friday, May 20, 2022

.... and Global fertiliser market faces a crunch View this email in your browser 20th May 2022 Bite-sized business news from the UK and beyond Good morning Yesterday the Bank of England released its

+34% more leads (study)

Friday, May 20, 2022

How much money/time do you waste when prioritizing and filtering your huge list of growth hacking ideas? Spend $0 with my simple Google Sheets document that automatically prioritizes and filters ideas.

Metaverse MBA goes kaput

Friday, May 20, 2022

Also in today's edition: Scandal hits Axis Mutual Fund; US lures India with arms aid; DoJ goes after private equity; Netflix subscriber base shrinks further ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Father Hezel’s series “Micronesian Origins”

Friday, May 20, 2022

Weekender #27 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

New Media Briefings: Publishers push shoppable video pitches and commerce

Thursday, May 19, 2022

As a loyal reader, we wanted to keep you up to date on the latest exclusive content available to Digiday+ subscribers. Digiday+ members have access to analysis from senior editors like Tim Peterson,

The Top Formulas for Financial Health

Thursday, May 19, 2022

Accounting tips for your brand business.com From financial tips to leadership advice, business.com offers the best guidance for small businesses. View Our Most Recent Articles Today Is National

How VC valuations are faring

Thursday, May 19, 2022

Top Tier sees VC opportunities amid downturn; a16z banks on the metaverse; Sequoia leads $100M round for Glean; Klarna faces valuation drop Read online | Don't want to receive these emails? Manage

May 19 - Under Armour CEO steps down | Kohl's, Bath & Body Works slide

Thursday, May 19, 2022

Under Armour CEO Patrik Frisk to step down; Bath & Body Works outlook on profit growth turns negative as inflation wears on; REI hires chief supply chain officer as it expands distribution