Bond yields are rising. Here’s why markets are worried about what’s next. October 23, 2023 Concerns are growing that the rise in government bond yields around the world will have knock-on effects throughout the financial system.
Interest rates: Wholesale inflation in US rises ahead of crucial consumer price data tomorrow October 11, 2023 US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year-and-a-half of higher interest rates.
FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]
US government shutdown imminent after Republicans reject own funding bill September 30, 2023 Hardline Republicans in the US House of Representatives on Friday rejected a bill proposed by their leader to temporarily fund the government, making it all but certain that federal agencies will partially shut down beginning on Sunday.
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]
Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
FTSE 100 live: London rallies as Arm soars on US debut and Warhammer maker’s share price rises September 15, 2023 London’s FTSE 100 enjoyed a strong end to the week, as the global stocks rally continued with a stable showing from Wall Street and an improvement in China. The capital’s premier bluechip index ended the day well at over 7,30 points, more than 0.6 per cent up, having reached a high of 0.89 per cent [...]
Wall Street climbs and Dow rises more than 300 points as stocks worldwide rally September 15, 2023 Wall Street rose on Thursday after a blizzard of reports suggested the US economy is still humming, though inflation may be too. The S&P 500 climbed 0.8 per cent for its best day in two weeks. The Dow Jones Industrial Average rallied 331 points, or 1 per cent , and the Nasdaq composite added 0.8 [...]
Wall Street edges higher following data that shows the labour market is cooling September 2, 2023 A choppy day of trading on Wall Street ended on Friday with slight gains for stocks, as the market notched its second straight winning week. The market got a boost early on from a closely watched government report that showed US job growth increased at a healthy but more moderate pace last month. The report [...]
Fed rate rise less likely? More jobs added but unemployment up and wages stabilise September 1, 2023 The U.S. added more jobs than expected in August, but a rise in the unemployment rate to 3.8 per cent, but the Fed may not hike rates again