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The British pound plunged to a record low against the U.S. dollar Monday. The pound, historically one of the strongest currencies in the world, fell to as low as $1.04 before bouncing back to approximately $1.07. For most of the past few decades, the pound averaged a price of about $1.50 against the dollar. The decline in the British pound in itself won't have a direct impact on the U.S. economy, experts say. But as the value of the pound has dropped, the value of the U.S. dollar has reached all-time highs.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 20, 2022. The continent-wide STOXX 600 index (.STOXX) was 0.1% higher, bouncing back after hitting its lowest level since early July. The indexes rose about 1.5% each as oil and other commodity prices climbed following the news of mobilisation. FEDWATCH"The 75 bps hike is priced in at this stage but where it gets interesting, is what's the terminal rate going to be?," said Giles Coghlan, chief market analyst, HYCM. Fortum (FORTUM.HE) shares surged 14.6% to the top of the STOXX 600, after Germany agreed to nationalise Uniper by buying the Finnish firm's stake.

☆ Reactions: Putin mobilises more troops for Ukraine
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +20 min

Russian President Vladimir Putin makes an address on the conflict with Ukraine, in Moscow, Russia, in this still image taken from video released September 21, 2022. I think even with this Russia stuff it’s hard to see the market really rally a lot more from here ahead of the FOMC. From a geopolitical standpoint, Putin is frustrated that the war isn’t going his way and he’s threatening the west. "If it gets really, really bad, I'd expect the dollar to rise." This announcement by Putin to intensify the escalation in Ukraine definitely doesn’t help.

☆ Energy, consumer staples lift London's FTSE 100 in big week for central banks
▼ + stars: | 2022-09-20 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The commodity-heavy FTSE 100 (.FTSE) advanced 0.2% at 0809 GMT after a holiday to mark Queen Elizabeth's funeral, supported by a more than 1% jump in oil majors BP (BP.L) and Shell (SHEL.L). Consumer staples stocks such as Diageo (DGE.L) and British American Tobacco (BATS.L) rose about 1.5% each on the internationally focussed FTSE 100. "The move today on the FTSE 100 shows just how sensitive the index is to the economy in China," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bansari Mayur Kamdar in Bengaluru; Editing by Savio D'Souza and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Tech stocks generally carry more risk than other stocks, but they also promise significantly more growth. Throughout much of the 21st century's historic bull market, tech stocks have been at the forefront of the rise, with the biggest tech stocks all outperforming the S&P 500 over the past five and 10 years. There's a fundamental reason why tech stocks tend to attract more investor demand than other kinds of equities. This has added to optimism that tech stocks, in particular stocks which have already seen big gains, will still be a safer longer-term bet," Streeter says. If an investor wants the highest possible appreciation, they would do well to devote a segment of their holdings to tech stocks.

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