UK economy continues recovery as services sector hits highest level of growth in a year May 3, 2024 The UK services sector saw a spike in new orders in April but cost pressures also increased at the fastest rate since August.
FTSE 100 today: London shares set to open higher, following global tech-driven rally May 3, 2024 Asian stocks surged today, buoyed by Wall Street's tech-driven rally. Apple's record buyback plan lifted its shares, while the yen strengthened and oil prices rose. Labour also made gains in local elections. Attention now turns to the US non-farm payrolls report for economic cues.
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.
Scotland set for weaker growth despite avoiding recession – but there is room for optimism May 2, 2024 Scotland's economy is set for weaker growth despite avoiding entering a technical recession, according to KPMG.
Booming tech sector helps London reclaim crown as Europe’s FDI capital May 2, 2024 London returned to its top spot as Europe's most important destination for foreign direct investment (FDI), new figures show.
FTSE 100 today: London shares poised to rise after US Fed maintains status quo; eyes on Apple and StanChart earnings May 2, 2024 Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.
Fed leaves interest rates on hold again as worries about inflation resurface May 1, 2024 The widely anticipated decision means the federal funds rate remains at a 23-year high, standing in a range of 5.25 to 5.50 per cent.
UK manufacturing slips back into contraction amid Red Sea disruption fears May 1, 2024 The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays May 1, 2024 Asian markets were mixed following Wall Street's poor performance. Concurrently, oil prices experienced a decline while gold remained stable. Starbucks, AMD, and Supermicro saw significant stock declines. Now, all eyes are on the upcoming US Federal Reserve policy decision and Chair Jay Powell's remarks.
Amazon’s stock surges on strong earnings, fuelled by AI-driven cloud growth May 1, 2024 Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.