Wall Street slams the brakes for a rare slowdown following record-setting rally December 21, 2023 Wall Street hit the brakes on its big rally on Wednesday after disappointing profit reports from companies and warnings that the market had simply gone too far, too fast. The S&P 500 slumped 1.5 per cent for its worst loss since beginning a monster-sized rally shortly before Halloween. The Dow Jones Industrial Average dropped 475 [...]
FTSE 100 soars to three-month high as inflation data bolsters case for interest rate cuts December 20, 2023 A sharp fall in inflation added further fuel to a Christmas rally as London's FTSE 100 closed at its highest level since 20 September on Wednesday.
It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
FCA presses on with listings shake-up in bid to revive London’s barren IPO market December 20, 2023 The FCA has confirmed its shake-up of the listing market in a new set of rules.
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
Could 2024 be the year the doom and gloom ends on the London Stock Exchange? December 14, 2023 After a bruising year for the City and the London Stock Exchange, could 2024 offer a glimmer of hope?
Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]
US inflation: Consumer prices unexpectedly rise in November as Fed likely to hold rates December 12, 2023 Core prices, excluding volatile items like food and energy costs, also came in line with economists' expectations, rising four on an annual basis.
Marshall Wace partners share £538m payday as turnover at £50bn fund slumps December 11, 2023 According to accounts filed at Companies House, the UK partners of Marshall Wace, the $63bn (£50bn) hedge fund, shared profits of more than £538m last year.
Firms work up a risk appetite as they expect rates to fall next year December 11, 2023 Board directors will take more risk and focus on potential acquisition opportunities next year thanks to an expected fall in interest rates and inflation.