Applied Materials shares surge 12 per cent on bullish revenue forecast amid AI craze February 16, 2024 Applied Materials, a leading supplier of semiconductor equipment, witnessed a remarkable surge in its shares by more than 12% during after-hours trading on Thursday.
FTSE 100: London markets rise as UK recession and poor retail sales bolster hope for interest rate cuts February 15, 2024 The UK economy shrunk 0.1 per cent in December meaning it contracted 0.3 per cent over the fourth quarter of last year, a worse performance than economists had expected.
Brexit left Britain more exposed to higher inflation, warns member of Bank’s MPC February 15, 2024 Greene's comments come after a busy week of data for the UK economy.
Eurozone growth for 2024 downgraded but inflation also set to fall further February 15, 2024 The eurozone is now predicted to grow 0.8 per cent in 2024, downgraded from 1.2 per cent in its previous round of forecasts in November.
Why a recession does matter – and not just for Rishi Sunak’s career February 15, 2024 After months of debating whether the UK would fall into a recession, we finally have an answer. There's now a new debate: does it matter.
Recession confirmed for UK after GDP dropped 0.3 per cent in final quarter February 15, 2024 The UK has struggled to generate any momentum over the course of 2023 due to the dual impact of rising inflation and high interest rates.
Moving markets: Five things shaping the FTSE 100 today February 15, 2024 Asian markets rose in line with Wall Street's momentum. Uber, Lyft, and Nvidia drove the S&P 500, while Bitcoin surpassed $52,079. Japan entered a recession, drawing attention to the UK Q4 GDP and U.S. retail sales.
January’s inflation data ‘encouraging’ and strong pay figures not unduly concerning, Bailey says February 14, 2024 Speaking in the House of Lords' Economic Affairs Committee, Bailey admitted that the figures, published this morning, were "good news".
Why inflation staying stuck at four per cent is actually good news February 14, 2024 The fact that the headline rate of inflation remained steady in January despite these increases points to stronger than anticipated disinflationary pressures elsewhere.
Inflation comes in below expectations at four per cent thanks to falling food prices February 14, 2024 Markets expect the Bank of England to start cutting interest rates in June with three rate cuts expected over the course of the year.