Naomi Rovnick
@naomirovnick.bsky.social
Markets correspondent, Thomson Reuters. Free school meals kid, FT diaspora, SEND parent.
As a former part-time florist and current markets reporter, the brown rose may signal 'stability' or an Autumn rate cut :)
September 11, 2025 at 1:12 PM
As a former part-time florist and current markets reporter, the brown rose may signal 'stability' or an Autumn rate cut :)
This is what happens when I open Twitter these days. I will not transliterate it because ick.
September 8, 2025 at 8:22 AM
This is what happens when I open Twitter these days. I will not transliterate it because ick.
First night of holiday = drinks al fresco by the car park by the motorway adjacent to Luton Airport. @easyjet desk staff said airline would comp the room and replacement flight tomorrow morning but refused to put this in writing. I’m £500 down.
August 21, 2025 at 8:17 PM
First night of holiday = drinks al fresco by the car park by the motorway adjacent to Luton Airport. @easyjet desk staff said airline would comp the room and replacement flight tomorrow morning but refused to put this in writing. I’m £500 down.
Keep an eye on the dollar and copper.
The US currency, which investors are mostly short, has just surged. US copper prices have just registered the biggest daily decline on record and 'benchmark' London copper is falling too.
The US currency, which investors are mostly short, has just surged. US copper prices have just registered the biggest daily decline on record and 'benchmark' London copper is falling too.
July 31, 2025 at 12:07 PM
Keep an eye on the dollar and copper.
The US currency, which investors are mostly short, has just surged. US copper prices have just registered the biggest daily decline on record and 'benchmark' London copper is falling too.
The US currency, which investors are mostly short, has just surged. US copper prices have just registered the biggest daily decline on record and 'benchmark' London copper is falling too.
The Make Europe Great Again trade (blue line in chart) has called and says it feels poorly and probably won't be in for the rest of the week.
July 31, 2025 at 10:13 AM
The Make Europe Great Again trade (blue line in chart) has called and says it feels poorly and probably won't be in for the rest of the week.
US stocks are not falling on the Fed resisting rate cuts because the Fed is supporting the dollar. This chart from Barclays shows that the 'rest of the world' trade was very much led by investors trying to not get clobbered by the weakening dollar. So dollar up = buy more Google.
July 31, 2025 at 10:11 AM
US stocks are not falling on the Fed resisting rate cuts because the Fed is supporting the dollar. This chart from Barclays shows that the 'rest of the world' trade was very much led by investors trying to not get clobbered by the weakening dollar. So dollar up = buy more Google.
This is the US dollar index, after last night's Fed meeting.
The dollar had its worst half-year in the six months to June since 1973, because Trump. The dollar is the new 'Fed put.'
The dollar had its worst half-year in the six months to June since 1973, because Trump. The dollar is the new 'Fed put.'
July 31, 2025 at 6:26 AM
This is the US dollar index, after last night's Fed meeting.
The dollar had its worst half-year in the six months to June since 1973, because Trump. The dollar is the new 'Fed put.'
The dollar had its worst half-year in the six months to June since 1973, because Trump. The dollar is the new 'Fed put.'
I am a middle aged, middle class, middle England woman who has covered my rattan sofa set 3 seconds before the rains came. This was of course the happiest moment of my life post-45 and the level of joy I’ll be fine not to feel again.
July 14, 2025 at 6:14 PM
I am a middle aged, middle class, middle England woman who has covered my rattan sofa set 3 seconds before the rains came. This was of course the happiest moment of my life post-45 and the level of joy I’ll be fine not to feel again.
Moving house with ADHD is:
Buy pretty notebooks, make lists.
Colour-code the lists.
Contemplate how I am both organising my move and not organising it at the same time.
Sudden urge to read about the Barber Paradox and Schrödinger again, for an hour.
FFS
Buy pretty notebooks, make lists.
Colour-code the lists.
Contemplate how I am both organising my move and not organising it at the same time.
Sudden urge to read about the Barber Paradox and Schrödinger again, for an hour.
FFS
June 7, 2025 at 10:37 AM
Moving house with ADHD is:
Buy pretty notebooks, make lists.
Colour-code the lists.
Contemplate how I am both organising my move and not organising it at the same time.
Sudden urge to read about the Barber Paradox and Schrödinger again, for an hour.
FFS
Buy pretty notebooks, make lists.
Colour-code the lists.
Contemplate how I am both organising my move and not organising it at the same time.
Sudden urge to read about the Barber Paradox and Schrödinger again, for an hour.
FFS
It makes me very happy that the German compound word for queue is 'waiting snake.' And even happier that the German wikipedia entry for 'queue' includes this wonderfully serpentine image.
June 3, 2025 at 2:13 PM
It makes me very happy that the German compound word for queue is 'waiting snake.' And even happier that the German wikipedia entry for 'queue' includes this wonderfully serpentine image.
It is 2027, the iPhone costs $8,000, social media has died out and here's Trump asking his 93 Instagram followers why Bitcoin is trading at $0.0028
May 23, 2025 at 2:10 PM
It is 2027, the iPhone costs $8,000, social media has died out and here's Trump asking his 93 Instagram followers why Bitcoin is trading at $0.0028
The blue line here is UK 30-year gilt yield, which sets our own government's cost of borrowing. Its more than the US equivalent, despite Trump. And its above 5.5%, which is insane when you consider a 5-year mortgage is about 3.9% and personal loans for creditworthy UK borrowers are about 6%.
May 23, 2025 at 9:37 AM
The blue line here is UK 30-year gilt yield, which sets our own government's cost of borrowing. Its more than the US equivalent, despite Trump. And its above 5.5%, which is insane when you consider a 5-year mortgage is about 3.9% and personal loans for creditworthy UK borrowers are about 6%.
Folk tend to sell the 30-year Treasury when they really can't fathom what's coming up next for growth, inflation, rates etc. The yield on this debt, which rises when the price falls, is about where it was in mid '07 when the financial crisis (Bear Stearns hedge funds collapse) began to unfold.
May 23, 2025 at 9:34 AM
Folk tend to sell the 30-year Treasury when they really can't fathom what's coming up next for growth, inflation, rates etc. The yield on this debt, which rises when the price falls, is about where it was in mid '07 when the financial crisis (Bear Stearns hedge funds collapse) began to unfold.
This is a question from the B2 language test the UK government says people who want to settle in the UK will have to pass. I fear deportation 😀
May 12, 2025 at 11:05 AM
This is a question from the B2 language test the UK government says people who want to settle in the UK will have to pass. I fear deportation 😀
We're yet to discover if Trump and Xi have finally matured beyond the 'making up and breaking' phase of childlike conflict resolution.
May 12, 2025 at 10:28 AM
We're yet to discover if Trump and Xi have finally matured beyond the 'making up and breaking' phase of childlike conflict resolution.
My kid has autism and when he was 5 he ‘couldn’t’ spell mat, cat etc. Bit ‘behind.’ Then one day he came home and spelled these words independently. Star Wars was his special interest. Mat, cat etc was just boring. I want all teachers to be autism-aware and feel the force of special interests.
May 9, 2025 at 8:47 PM
My kid has autism and when he was 5 he ‘couldn’t’ spell mat, cat etc. Bit ‘behind.’ Then one day he came home and spelled these words independently. Star Wars was his special interest. Mat, cat etc was just boring. I want all teachers to be autism-aware and feel the force of special interests.
You might assume from looking at the financial media that big investors are stampeding out of U.S. stocks. They really haven't. Via our pensions, ISAs etc we're all still knee-deep in Trump's stock market. Chart from BofA:
May 2, 2025 at 8:01 AM
You might assume from looking at the financial media that big investors are stampeding out of U.S. stocks. They really haven't. Via our pensions, ISAs etc we're all still knee-deep in Trump's stock market. Chart from BofA:
'It will be fine after we ban all imports'
April 30, 2025 at 2:40 PM
'It will be fine after we ban all imports'
Walked through a village punctuation forgot
April 27, 2025 at 6:42 PM
Walked through a village punctuation forgot
McVities seems to trot this one out on the regular. In 2020 they fed the same line to reporters about Jaffa Cakes too. Does no-one have Google anymore?
April 24, 2025 at 4:03 PM
McVities seems to trot this one out on the regular. In 2020 they fed the same line to reporters about Jaffa Cakes too. Does no-one have Google anymore?
The 'you are eating chocolate digestives upside down' story is in fact the recycled, five-year-old news hook for a marketing campaign about the 100-year anniversary of a biscuit. Just astonishingly basic to pick up social media chumpbait without even checking if its new.
April 24, 2025 at 3:48 PM
The 'you are eating chocolate digestives upside down' story is in fact the recycled, five-year-old news hook for a marketing campaign about the 100-year anniversary of a biscuit. Just astonishingly basic to pick up social media chumpbait without even checking if its new.
The BBC is running a story about chocolate digestives that it also published in November 2020. Its getting flat-earthed everywhere today as well.
April 24, 2025 at 3:25 PM
The BBC is running a story about chocolate digestives that it also published in November 2020. Its getting flat-earthed everywhere today as well.
Yay. This was in my fantasy cost-free banning things manifesto before the election, though I expected Rishi to do it. The rest of my ban list please Ed Davey:
Chewing biros
Not changing bog roll when it runs out
Asking mums who work how they 'manage'
Men offering to help women use gym weights.
Chewing biros
Not changing bog roll when it runs out
Asking mums who work how they 'manage'
Men offering to help women use gym weights.
April 24, 2025 at 1:37 PM
Yay. This was in my fantasy cost-free banning things manifesto before the election, though I expected Rishi to do it. The rest of my ban list please Ed Davey:
Chewing biros
Not changing bog roll when it runs out
Asking mums who work how they 'manage'
Men offering to help women use gym weights.
Chewing biros
Not changing bog roll when it runs out
Asking mums who work how they 'manage'
Men offering to help women use gym weights.
Look out for perma-tanned bankers shuffling around Canary Wharf in floods of tears. Poor things.
April 24, 2025 at 12:09 PM
Look out for perma-tanned bankers shuffling around Canary Wharf in floods of tears. Poor things.