US inflation picks up amid presidential pressure for rate cuts August 13, 2019 US inflation picked up in July as the cost of gasoline and housing rose, raising the possibility the Federal Reserve will hold back from rate cuts in the near future. Read more: Fed cuts interest rates for first time in ten years The US consumer price index (CPI) picked up to 1.8 per cent from [...]
UK wage growth hits 11-year high despite shrinking economy August 13, 2019 Britons’ wages grew faster than at any time since the financial crisis in the three months to June, official figures showed today, despite the UK economy shrinking over the same period. Read more: Into the red: UK economy shrinks for first time in seven years Meanwhile, the number of UK workers without a job rose [...]
Global stock markets spooked by Hong Kong and Argentina August 13, 2019 Global investors are having a nervous morning as unrest in Hong Kong drags down Asian stocks and market turmoil shakes Argentina. Read more: Asian stock markets fall as embattled Hong Kong leader urges calm European stock markets have followed their Asian counterparts downwards. The German Dax index was 0.5 per cent down in early trading, [...]
John Menzies falls to a loss after Boeing 737 Max groundings August 13, 2019 Airport services firm John Menzies has become the latest company to suffer from the grounding of Boeing’s 737 Max jets, as weak cargo volumes helped pushed it to a first-half loss. Read more: John Menzies shares plunge after profit warning Shares in the London-listed firm fell 4.9 per cent in early trading to 394.5p. The [...]
Pre-tax profit at online trader Plus500 plunges over 80 per cent August 13, 2019 Trading website Plus500 saw pre-tax profit plunge by over 80 per cent in the first half of the year compared to a year earlier, which it blamed on a lack of volatility in the markets providing its customers fewer opportunities to make money. Read more: Plus500 shares plummet as revenue collapses but bosses salaries climb [...]
Asian stock markets fall as embattled Hong Kong leader urges calm August 13, 2019 Hong Kong leader Carrie Lam has said the protests that have rocked the city for over two months have caused “severe wounds” and that the recovery will be a long process. Read more: Hong Kong airport cancels flights for Monday amid protests As Lam spoke this morning (afternoon in Hong Kong), Asian stock markets slipped [...]
Argentine peso plunges 25 per cent versus dollar after shock election result August 12, 2019 The Argentine peso has plunged almost 25 per cent against the dollar after the free marketeer President Mauricio Macri was thrashed in primary elections. Read more: Argentine peso falls despite IMF loan increase to $57bn Macri – who has implemented austerity in an attempt to restore confidence in the economy – lost by 15.5 percentage [...]
Sterling recovers after tumbling to ten-year low against euro August 12, 2019 The pound has bounced after tumbling to a ten-year low against the euro this morning following a report from the Institute for Government (IfG) think tank that said MPs are unlikely to be able to stop a no-deal Brexit. Sterling dropped to €1.072 shortly after midnight. It fell to its lowest point since the depths [...]
European stock markets bounce after rough week August 12, 2019 European stocks have opened higher as calm returned to the market following a sharp sell off on Friday driven by the US-China trade war. Read more: US stock markets fall with Donald Trump ‘not ready’ for deal with China The FTSE 100 was 0.6 per cent higher by 8.30am, Germany’s Dax had climbed 1.1 per [...]
Cathay Pacific shares tumble after airline suspends Hong Kong protester August 12, 2019 Shares in Hong Kong airline Cathay Pacific have fallen over four per cent after the airline suspended one of its pilots who had been arrested for protesting in Hong Kong. Read more: Cathay Pacific sacks staff involved in Hong Kong protests Cathay Pacific said it would bar “overly radical” crew members from working on flights [...]
