Tuesday,14 June 2022 17:11:26

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Tuesday,14 June 2022 at 16:13

Instagram will let parents set time limits on their children’s use in an attempt to counter claims it keeps young users addicted to the app.

Parents of users under 18 will be able to enforce breaks, monitor who follows their children as well as who they follow, and set a limit on how long they spend on Instagram.

Parents will also receive an alert when their child reports an account or post. Teenagers will also receive “nudges” if they have been looking at a certain type of content repeatedly.

The changes were introduced following revelations last year that Instagram’s own research showed it could be harmful for teenagers.

UK & European stocks retreated amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high.

U.S. stocks struggled for direction following a plunge that sent the S&P 500 into its first bear market since the height of the pandemic.

Oil prices rose as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China.

Gold prices steadied after early losses as a pullback in the dollar provided some respite, but expectations the Federal Reserve will resort to aggressive policy tightening to tame inflation capped gains.

Markets

At the close

FTSE 100 7,187 (-0.25%)

FTSE 250 19,045 (-0.60%)

DAX 13,304 (-0.91%)

At 17:10

Dow Jones 30,358 (-0.50%)

S&P 500 3,741 (-0.23%)

NASDAQ 10,838 +0.27%

Fixed Income

UK 10-YR YIELD 2.593

Exchange Rates

GBP/USD 1.199

GBP/EUR 1.151

Commodities

Gold $1,810 (-0.43%)

Brent $123.55 +1.20%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.