FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.
US Fed rate cut hopes fade: Odds of a June cut fall to 50:50 April 9, 2024 Investors hoped for big US Federal Reserve interest rate cuts this year, but now it's unclear if even half of what was expected will happen.
Bank of friends and family: First-time buyers more reliant on help to get on housing ladder April 8, 2024 Between April 2022 and March 2023, 36 per cent of recent first-time buyers - resident for less than three years - used gifts from family and friends to help buy a home, according to the Office for National Statistics (ONS).
JPMorgan chief Jamie Dimon warns of ‘stickier inflation and higher rates’ as markets trim Fed bets April 8, 2024 Jamie Dimon, the long-serving chief executive of JPMorgan Chase, has warned that higher government spending could result in stickier-than-expected inflation and higher interest rates in the US.
IMF warns central banks should be wary of leaving interest rates on hold for too long April 8, 2024 In a chapter from its latest World Economic Outlook, the IMF noted that different economies have experienced different effects from higher interest rates.
Was it worth it? Birmingham 2022 Commonwealth Games generated £1.2bn for UK economy April 8, 2024 Approximately £1.2bn was contributed to the UK economy by the Birmingham 2022 Commonwealth Games, according to the new Government figures.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
UK economy: ‘Worst is behind us’ as optimism among finance bosses rises again April 8, 2024 With inflation falling fast and interest rates likely to be cut in a matter of months, CFOs are much more confident about their business prospects than is normally the case.
Rental crisis to get worse as earnings ‘won’t keep up’ with London flats April 8, 2024 Rents are likely to continue growing over the coming years, turning a rental crisis into a perma-state in London