Thanks for joining me. Bitcoin has surged close to its record high and global stocks are also hitting fresh peaks – but a Wall Street bank is ringing alarm bells about the risk of a bubble.
JPMorgan’s chief market strategist Marko Kolanovic said he is concerned that there is “froth building” in markets.
5 things to start your day
1) IT chaos and staff exodus threaten Britain’s ability to raise crucial debt | Illegal activity in government bond auctions risks going undetected, a Parliamentary committee has warned
2) Jaguar Land Rover owner to split off its cars division in EV shift | Tata Motors prepares for a future built around battery-powered vehicles
3) Issa brothers slash investment at petrol station empire in battle to pay down debts | Billionaires roll out ‘controlled reduction’ at EG Group to maximise liquidity
4) Non-dom tax raid risks backfiring on Hunt, warns IFS | New rules threaten to drive away super rich and diminish revenues, says think tank
5) Ben Marlow: Britain must not bend the knee to China – despite being on the brink…
