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No firms on the FTSE 100 rose by more than one per cent after the open on a sluggish morning with few corporate results, as Diageo' share price plummeted by more than nine per cent.
London’s sluggish IPO market will bounce back as a rapid rate hiking cycle begins to slow and global jitters over inflation and political instability settle, the boss of the London Stock Exchange Group (LSEG) has said. New flotations have fallen off a cliff this year as firms shelve plans to shift on the public markets [...]
Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
Jay Powell said he is 'not confident' that the fight against inflation is won, hinting at the need for a further Fed interest rate hike
Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Shares in Flutter sunk after it said it had experienced a downturn in its Australian business. Revenue fell 18 per cent year-on-year due to regulatory hurdles and a "challenging racing market".
"The market of course will reach a view it has to reach. So I totally understand that. But we are very clear we’re not talking about that," Bailey said.
China will surpass its 5 per cent growth rate target, the country's central bank chief has said
Moving markets today: U.S. stocks rise, oil prices plummet to 3-month lows, all eyes on Powell and Bailey's speeches
The price of the precious metal has fallen with the US Fed sending signals that it has finished raising rates
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