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.
Long-term sickness: How worsening mental health is holding back the economy May 4, 2024 Economic inactivity, driven by long-term sickness, is fast becoming one of the most pressing challenges facing the UK economy.
Nobel Prize-winning economist: Here’s what Labour should do to improve the economy May 3, 2024 "I really think they're under-promising," Stiglitz told City A.M. "They're not going far enough. I understand why they do not want to be as aggressive as I would be."
FTSE 100 today: London shares set to open higher, following global tech-driven rally May 3, 2024 Asian stocks surged today, buoyed by Wall Street's tech-driven rally. Apple's record buyback plan lifted its shares, while the yen strengthened and oil prices rose. Labour also made gains in local elections. Attention now turns to the US non-farm payrolls report for economic cues.
Apple shares surge 6 per cent on earnings report and historic $110 billion buyback May 3, 2024 Apple's stock surged by over 6 per cent in after-hours trading on Thursday after the tech giant surpassed analysts' subdued expectations for quarterly revenue and announced the largest share buyback program in US history.
Coutts under pressure for pulling £2bn out of London stock market May 2, 2024 Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.
Goldman Sachs to scrap bonus cap for London-based staff May 2, 2024 "We are a global firm and to the extent possible we adopt a consistent global approach across everything we do," Gnodde said.
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.