FTSE 100 today: London markets set to open higher before BOE policy decision; all eyes on rate cut clues May 9, 2024 Asian markets mirrored Wall Street's mixed performance, with oil prices surged. All eyes were on the Bank of England's policy decision.
Small business confidence leaps higher as end to UK recession gathers steam May 8, 2024 Confidence among small businesses leapt higher in the first quarter of the year, according to the Federation of Small Businesses (FSB), in a sign that the UK's recovery from recession continues to gather steam.
High levels of migration contributing to slowdown in productivity growth, report suggests May 8, 2024 "Large-scale migration has not delivered the economic benefits its defenders argue it should - with the era of mass migration coinciding with a significant slowdown in GDP per capita growth," O’Brien said.
FTSE 100 today: Rate cut optimism to fuel Footsie’s push to fresh record highs May 8, 2024 Markets showcase mixed performance in Asia, mirroring Wall Street's trajectory. Oil prices dip, while Reddit shares soar by 16 per cent. Additionally, TikTok initiates a legal challenge against a potential US ban, adding to tech sector uncertainties. All attention now shifts to the Bank of England policy decision and UK GDP data release.
UK to bid recession farewell as debate over state of the economy heats up May 7, 2024 New figures out this week are set to show that last year's shallow recession has come to an end as political debate about the state of the economy heats up.
UK construction activity recovers despite housebuilding struggles May 7, 2024 Of all the sub-sectors, activity in the commercial sector increased at the fastest pace with a score of 53.9.
The markets are wrong. Bank of England interest rate cuts are on the way May 7, 2024 In a huge swing, markets are now only fully pricing in one rate cut by the Bank of England for 2024. But Chris Dorrell argues that, as things stand, more cuts are likely
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
Bank of England to hold rates again – but it could signal a summer cut is on the cards May 6, 2024 The Bank of England is set to leave interest rates on hold again on Thursday, but policymakers could signal a willingness to cut rates in the near future if inflation continues to fall.
China’s services activity slows, employment shrinks in April: Caixin PMI May 6, 2024 China's services sector grew slightly slower due to higher costs in April, but there's still optimism with increased new orders and positive business sentiment, suggesting a continued economic recovery, according to a recent private sector survey.