All the day’s economic and financial news, as cryptocurrencies recover from last week’s wobble * Latest: Wealthiest 500 people became 23% richer this year Earlier: * Bitcoin rebounds from pre-Christmas wobble * Israel plans clampdown over ‘bubble’ fears * Analyst: How do you value bitcoin? 12.58pm GMT Meanwhile a new poll in Greece has revealed that most citizens are not buying the leftist-led government’s cheery vision of a ‘clean exit’ from international supervision when the country’s latest bailout programme officially ends next year. 12.41pm GMT BOOM! BRITAIN’S FTSE 250 INDEX, WHICH CONTAINS MEDIUM-SIZED COMPANIES TOO SMALL FOR THE FTSE 100, HAS HIT A NEW ALLTIME HIGH. The FTSE 250 has gained 59 points to 20,540 this morning, putting it ahead of the previous record high set on 22 December. Miners are leading the FTSE’s charge higher after Copper traded a fresh three and half year high on Christmas Day, however a significant contribution from Oilers, the index’s largest sector, is aiding the latest foray in record territory. Continued concern as to the impact of last week’s Catalonian election victory for pro-independence parties, as well as a Euro recovery from its Christmas Day ‘flash crash’, are both weighing on mainland European equities, while US futures are clawing back gains following a negative Boxing day session impacted by an Apple sell-off. Continue reading...
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