FTSE 100 today: London stocks brace for muted trading amid risk-averse sentiment; all eyes on US jobs data for guidance April 5, 2024 Wall Street's sharp decline led to a ripple effect, with Asian stocks following suit. Meanwhile, oil prices surged amid escalating Middle East tensions, while gold pulled back. All eyes now turn to the US jobs report and U.K. housing prices for further market direction.
UK post-Brexit trade in ‘clear shift’ as India ties show ‘little growth’ and China declines April 4, 2024 "The recent trend of friend-shoring, decoupling and de-risking supply chain channels has reduced the opportunities for the UK to expand its trade reach," Stephen Hunsaker, author of the UKICE Trade Tracker said.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
Bank of England survey: Wage growth expectations ease in boost for interest rate cut hopes April 4, 2024 Persistent wage growth has been a major concern for the Bank as it considers when to start lowering interest rates.
UK services sector continues to grow driving fears of ‘sticky’ inflation April 4, 2024 Firms in the service sector noted that economic conditions were slowly improving, but flagged household incomes remained constrained due to higher interest rates.
UK investors pour record amounts into US equity funds as they continue to flee the London Stock Exchange April 4, 2024 UK investors have pumped record amounts of cash into US equity funds this year while pulling cash from the domestic market, in another troubling sign for the health of the London Stock Exchange, new data has revealed.
One regulatory tweak in the US is about shake up global trading April 4, 2024 A US shift to shorter trading settlement cycles might sound technical – but it’s about to shake-up global markets. Some say the consequences in the UK and beyond could be profound. As a group of self-described trading “anoraks” chatted on a videocast late last week, the sense of annoyance from some was palpable. “The arrogance [...]
UK economy ahead of rivals as prospects for 2024 look rosy April 4, 2024 The UK economy has made a stronger start to the year than advanced economies around the globe, according to a closely watched survey.
FTSE 100 today: London markets set to open higher following Asian peers’ lead April 4, 2024 Japan’s Nikkei led an Asian market rally. Oil and gold prices soared. Federal Reserve Chair Jerome Powell reiterated a cautious stance on rate cuts, while investor focus shifts to upcoming Fed speeches and U.S. jobs data.
Unleashing The Future Of Finance: IFGS 2024 Beckons April 3, 2024 The UK has long been celebrated as a global leader in FinTech and financial innovation. 8 out of every 10 adults in the UK are currently using at least one FinTech tool on a regular basis; nearly 60% of all SME lending across the UK is being done by FinTechs and alternative lenders; and the [...]