Insolvencies forecast to hit 33,000 in 2024 despite improving economic outlook February 5, 2024 According to new forecasts from the Centre for Economics and Business Research (CEBR), there could be more than 8,000 insolvencies per quarter in 2024.
Moving markets: Five things shaping the FTSE 100 today February 5, 2024 Asian markets dip while oil prices hold steady amid Gaza ceasefire talks. Attention is on the RBA policy decision, China inflation, PMIs, and U.S. CPI
Strong US jobs report pushes March rate cut ‘off the table’ February 2, 2024 The US added 350,000 new jobs last month, almost double the expected 180,000, suggesting that the US economy was strong enough that a cut in interest rates in March from the Federal Reserve is now “off the table”. The economy added jobs to almost every sector in January, with professional and business services gaining a [...]
FTSE 100 today: London markets likely to rise on heels of Wall Street’s tech rally February 2, 2024 A tech rally ignites global stocks: Meta soars 15%, while Amazon climbs 7%. Apple drops 3% amidst market turbulence, while oil prices surge. Focus now shifts to U.S. Non-Farm Payrolls.
Tech giants Meta and Amazon drive tech rally; Apple suffers from China woes February 2, 2024 Meta surged 15% post-market on strong revenue, dividend, and a $50 billion buyback; Amazon rose 7% on solid earnings and AWS growth; however, Apple fell 3% on a China sales miss and revenue forecast drop.
After four holds in a row, when will the Bank of England cut interest rates? February 1, 2024 Policymakers did not answer this question directly, but they did give some guidance as to the factors at play.
Bank of England warns inflation to touch two per cent in spring – but will pick up again February 1, 2024 Inflation is expected to pick back up to around 2.7 per cent by the end of this year, remaining above target until the end of 2026.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
European inflation edges down to 2.8 per cent as ECB rate cut speculation mounts February 1, 2024 Euro area inflation fell to 2.8 per cent in January, down from 2.9 per cent in December, as markets speculate when the European Central Bank will begin to cut interest rates The data came after a sharp uptick for the continent in December, when inflation rose from 2.4 per cent from November to 2.9 per [...]
UK manufacturing downturn continues but business optimism hits four-month high February 1, 2024 The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months, a closely watched survey has suggested.