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Today's big stories

The Bank of England raised interest rates for the fourth-straight time
As bitcoin volatility starts to pick up, it could be time to start thinking about trading the cryptocurrency again – Read Now
German airline Lufthansa reported a worse-than-expected quarterly loss

Hard Repeat

What’s Going On Here?

The Bank of England (BoE) raised interest rates for the fourth time in a row on Thursday, and the central bank has no plans to change its tune just yet.

What Does This Mean?

Economists knew the BoE was bound to act when UK inflation hit a 30-year high in March, even after three rate hikes since December. And they were right: the central bank raised rates for a fourth-straight time by 0.25% to 1% – the highest they’ve been since 2009, and the fastest pace of hikes in 25 years. The BoE also said it was thinking about starting to sell some of the $1 trillion-plus worth of bonds it’s accumulated since the financial crisis. That would push up borrowing costs even more, which should help dampen the country’s spending and, in turn, inflation.

Why Should I Care?

The bigger picture: Not even the BoE is optimistic.
The central bank said it’s now expecting inflation to top 10% by the end of the year, in part because the government is planning to lift the cap on energy suppliers’ prices by another 40%. And since wages aren’t exactly likely to climb in kind, the BoE said it thinks “real” household disposable incomes – that is, adjusting for inflation – will plunge nearly 2% this year. That’s a problem for you and the economy: household spending is so crucial that the BoE now reckons the UK economy could fall into a recession before the year’s out.

Zooming out: Turkey puts its fingers in its ears.
Turkish inflation is on another level entirely: data out on Thursday showed that consumer prices rose by 70% last month compared to April 2021 (tweet this). It isn’t surprising given that the government cut interest rates last year, even though economists almost unilaterally agree that lower rates cause higher inflation. And with the Turkish government ignoring all the evidence that proves those eggheads right, it probably won’t change tact anytime soon.

You might also like: The long-term opportunity emerging from Britain’s rising interest rates.

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Analyst Take

Bitcoin Might Be About To Come Back To Life

By Jonathan Hobbs, Analyst

What’s Going On Here?

You might’ve noticed that bitcoin’s been remarkably calm recently.

That makes sense: this low-growth, high-inflation environment has left traders second-guessing themselves, and the OG crypto flopping around with no clear direction.

In fact, one measure of the crypto’s volatility – its weekly “Bollinger Bands” – is showing its lowest reading for three and a half years.

But that same technical indicator is also showing signs that volatility could be set to come back with a vengeance.

And would you believe it, things started getting jumpy on Thursday afternoon…

So that’s today’s Insight: why bitcoin’s volatility could pick back up, and the best ways to trade those potential moves.

Read or listen to the Insight here

Netflix has competition

Streaming has transformed the media landscape in recent years.

And it looks like just about everyone’s trying to cash in from the boom, with industry giant Netflix now up against new streaming rivals like HBO Max and NBC’s Peacock.

Thing is, Netflix’s biggest competition yet might not be another streaming platform, but a different type of service altogether.

The Motley Fool introduces you to that particular under-the-radar opportunity here.

Discover Netflix’s Competitor

Think Positive

What’s Going On Here?

It looks like you’ve caught a severe case of the travel bug: Lufthansa announced on Thursday that it more than doubled its revenue last quarter.

What Does This Mean?

Europeans emerged from another wave of Covid with the majesty of Free Willy last quarter, and Lufthansa was only too happy to help them return to the big wide world: the airline almost tripled the number of seats on offer last quarter from the same time in 2021. Throw in a cargo business that outperformed thanks to ongoing supply holdups, and the company’s revenue more than doubled from the same time the year before. And while the airline posted a higher-than-expected loss on the back of painful energy costs, it also said it was confident that demand would be strong enough to pass some of them onto customers going forward.

Why Should I Care?

For you personally: Hot vax summer, take two.
Lufthansa’s not wrong: there are more and more signs that the rebound in vacation travel hasn’t peaked yet, with payments giant Visa talking about how many summer travel booking transactions it’s seen this year. That could present an opportunity for you, since travel-related stocks are yet to see a post-pandemic resurgence like, say, tech companies and banks experienced last year. You might want to be quick if you’re keen to buy in, though: an index tracking some of the world’s biggest airlines has already outperformed the US stock market by 10% this year.

Zooming out: Airbnb has accepted your booking.
It isn’t just the airlines benefiting from globetrotters trotting the globe: Airbnb said this week that its revenue surged by a better-than-expected 70% last quarter, and it’s expecting that momentum to continue this quarter. It’s already off to a good start: it had 30% more nights booked for the summer travel season by the end of April than it did at the same time in 2019.

You might also like: The highs and lows of investing in the airline industry.

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💬 Quote of the day

“It makes you wonder. All the brilliant things we might have done with our lives if only we suspected we knew how.”

– Ann Patchett (an American author)

Tweet this

Crypto, the simple way

There’s a lot to think about when you start your crypto journey, not least which coins to choose.

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Just pick a Dacxi bundle – like blue chip or precious metals – to stock up on some of the world’s top coins. But you’re not locked in: you can sell your coins individually too.

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The information provided in this article does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this article’s content as such. You should carefully consider whether trading or holding Cryptocurrencies is suitable for you relative to your financial position. The price of cryptocurrency can go down as well as up and past performance is not a guide to future performance. Investors may not get back the full amount originally invested.

The information in this article is believed to be reliable. Dacxi has taken reasonable care to ensure the information stated is accurate. However, Dacxi makes no representation, guarantee or warranty that it is wholly accurate and complete. Do conduct your own due diligence and consult your financial adviser before making any investment decision.

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🎉 Coming Up This Week

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🎉 How To Invest In The Metaverse: Land, Stocks, And Crypto: 6pm, May 6th
🚀 How Space Is Changing The World: 5pm, May 9th
👉 What’s Next For Crypto Regulation?: 6pm, May 11th
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♻️ How To Pick Winning ESG Stocks: 5pm, May 20th
📈 How To Invest Thematically: 12pm, May 24th

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