Markets react: Oil and gold prices rise after Israeli missiles hit Iran April 19, 2024 The spike in oil prices came after US officials said Israel launched missile strikes on Iran in response to the Iranian drone strikes launched over the weekend.
Retail sales stagnant in March despite improving prospects for UK economy April 19, 2024 A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.
Consumer confidence hits highest level in two years as UK ‘turns a corner’ April 19, 2024 "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.
FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis April 19, 2024 Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now shifts to UK retail sales data and speeches by Bank of England officials Ramsden and Breeden.
Netflix shares sink as company announces halt in reporting subscriber tally, weak outlook April 19, 2024 Shares of Netflix took a sharp tumble of about 5 per cent as the market closed, spurred by the streaming video pionaeer's decision to cease disclosing subscriber numbers and prioritise viewer engagement metrics.
Why the Bank of England might be wary of cutting interest rates before the Fed April 18, 2024 The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
UK firms to invest £338bn on re-industrialisation in next three years, research shows April 18, 2024 Like many advanced economies, the UK has seen a relatively rapid fall in the importance of manufacturing.
FTSE 100 today: London shares poised for quiet start amid lingering concerns over US rates, Middle East tensions April 18, 2024 The US stock market was volatile, with Wall Street notching its first four-day losing streak since the start of the year. Asia stocks were mixed, while oil and gold prices surged due to Middle East tensions. Australia's March employment data disappointed, with all eyes now on Netflix earnings for further insight.
IMF warns Britain must address ‘fundamental’ fiscal imbalances April 17, 2024 By 2029, global debt is projected to be roughly equal to global output.
New data: UK tax take rising faster than any other rich country April 17, 2024 Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.