Here are the six spookiest charts in global finance right now October 31, 2023 With soaring inflation and the risk of a recession looming, 2023 has spooked everyone. M&G has compiled the scariest charts in global finance right now.
ECB’s rate hikes bring down inflation, but growth falls as bloc faces recession October 31, 2023 The European Central Bank's (ECB) interest rates hikes have helped to bring down inflation across the bloc, but the costs are becoming clear as growth contracted in the third quarter.
Shanghai Surprise: Chinese manufacturing slips in worrying sign for world economy October 31, 2023 Lower than expected manufacturing numbers have spooked Asian markets this morning as China provides warning on state of global economy
London business confidence improves heading into Christmas October 31, 2023 London firms are growing increasingly confident heading into the Christmas period as inflation falls and firms have more certainty over the future of rate hikes.
Is London rebounding better than New York? That’s what the numbers say. October 30, 2023 New York is trailing behind London across various key economic indicators, including employment and commercial real estate performance.
Germany one of the EU’s ‘growth laggards’ as economy shrinks slightly in third quarter October 30, 2023 Germany's economy shrank slightly in the third quarter, data showed on Monday, as Europe's largest economy continues to be weighed down by weak purchasing power and higher interest rates.
Fall in bank lending adds to fears that UK recession already underway October 30, 2023 The higher cost of borrowing is weighing heavily on consumer demand for new loans in a sign that the Bank of England's interest rate hikes are slowing economic activity.
Why the outlook is bleak for UK firms despite first drop in profit warnings since mid-2021 October 30, 2023 Profit warnings among UK companies fell for the first time since 2021 in the third quarter, but access to credit is fast becoming a major concern for firms.
Bank of England set to leave rates on hold as economy teeters on edge of recession October 30, 2023 The Bank of England will leave interest rates on hold for the second meeting in a row as policymakers attempt to bring inflation down to target without tipping the economy into a recession.
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.