The Power of Capitalism: It’s easy to forget just how radical Margaret Thatcher was March 17, 2024 Margaret Thatcher's radicalism changed Britain more than we recognise even today, argues Rainer Zitelmann in his latest guest essay on the power of capitalism
Bank of England to cut interest rates in June, economists forecast March 17, 2024 The Bank of England is set to start cutting interest rates in June, according to a City A.M. poll of top economists, as inflation nears its target, the labour market cools and the UK takes its first steps out of recession.
Japan funds boom as stock market hits record high March 16, 2024 The Japanese stock market reached a 34-year high last month, and investors in the Asian market are getting the best news they’ve heard in decades. The Japanese Nikkei 225 has risen 42.5 per cent over the last year, compared to the 1.2 per cent growth in the FTSE 100 over the same period. Last month, [...]
‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels March 15, 2024 The government agency said this was higher than levels seen during the pandemic "while the government support measures were in place", with things like the furlough scheme. It is also higher than pre-pandemic figures.
FTSE 100 today: London markets to open lower amid global weakness, Wall Street tech decline March 15, 2024 Asian stock markets faced downward pressure due to a tech-driven slide, while Bitcoin plummeted by 4%. Chinese home prices dropped amid a worsening property market, with the PBOC maintaining key rates unchanged. Investors are now eyeing upcoming U.S. data releases for economic insights.
China’s housing crisis: Chinese home prices fall in February as property woes deepen March 15, 2024 China's housing market displayed continued weakness in February, with new home prices declining for the eighth consecutive month, according to official data released on Friday.
Gold could be set to hit new highs in 2024 March 14, 2024 The rally in gold prices has left market observers confused
FTSE 100: What’s moving markets today? March 14, 2024 Asia markets were mixed as the previous Wall Street rally begins to fade, while oil prices climb following Ukraine's strikes on Russian oil refineries. Focus now shifts to key US economic data releases, including producer prices and retail sales figures.
Hunt doubles down on ‘long term ambition’ to abolish National Insurance March 13, 2024 Jeremy Hunt today doubled down on his "long term ambition" to abolish employee National Insurance, but economists were doubtful that the measure will ever be implemented.
Gilts: Investors aren’t scared of UK’s ballooning deficit – yet March 13, 2024 Surging demand for UK gilts comes even as the Treasury announced plans in the Spring Budget to borrow more than ever from the private sector.