City of London Corporation to open first US offices December 11, 2023 The City of London Corporation has today announced it is laying permanent foundations across the pond with the opening of its first offices in the US.
US economy: Third-quarter growth revised up to 5.2 per cent – but momentum waned November 29, 2023 The economy grew at a 2.1 per cent pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8 per cent.
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.
US economy: Investors encouraged as drop in Treasury yields helps curb inflation November 3, 2023 The Dow Jones Industrial Average jumped 564 points, or 1.7 per cent, and the Nasdaq composite climbed 1.8 per cent.
US labour market resilient as another ‘hawkish’ Fed rate pause looks nailed on November 1, 2023 The US labour market remains resilient despite the US Federal Reserve’s aggressive bout of monetary tightening, new figures out today suggest. According to the Bureau of Labor Statistics’ JOLTS survey, there were 9.6m job openings on the last day in September – little changed from the month before and ahead of the market consensus of [...]
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 [...]