By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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What to expect Mark Carney to be grilled about by the House of Lords today – from Brexit to current account, inflation and Panama Papers

April 19, 2016

The most watched man in Threadneedle Street will trundle over to SW1 today to face his annual grilling from the House of Lords Economic Affairs Committee. That’s right, the governor of the Bank of England, Mark Carney, will be up against 13 of the Lords’ sharpest minds, all desperate to peer into the soul of [...]
Lending standards dip in the Eurozone as banks open up their coffers in response to the European Central Bank’s negative interest rates

April 19, 2016

Businesses across the Eurozone are finding it easier to secure bank loans, according to the European Central Bank (ECB)’s quarterly lending survey, released this morning, which also shows that negative interest rates are encouraging banks to lend more. Banks across the single currency bloc said they were loosening their standards for businesses applying for loans [...]
Oil continues its mighty ascent as Kuwait strike helps shake off Doha disappointment

April 19, 2016

Oil is proving to be not so slippery after all this week, as the benchmark commodity extended yesterday’s gains to climb even further above $40 (£27.90) a barrel this morning. Brent Crude is now trading at $43.26, up 0.82 per cent and back to levels seen last Friday before the weekend’s shenanigans in Doha, where the [...]
Spike in level of UK firms in balance sheet trouble ahead of Brexit vote

April 15, 2016

The number of businesses suffering financial distress leapt 20 per cent in the last year, according to analysis by insolvency firm Begbies Traynor. More than 274,000 firms across the UK were either behind on their debt repayments in the first quarter, or had experienced a “marked deterioration” in their financial health since the start of [...]
UK managers admit they don’t really know how to increase profits

April 14, 2016

Half of Britain’s top bosses do not know how to raise their profit margins, according to a survey of some of Europe’s largest businesses. Just 48 per cent of UK executive directors said they could think of one thing their company could do which would immediately improve their bottom line, while one-third said they believed their [...]
FTSE clings on to 2016 high, despite poor results from Burberry and Persimmon

April 14, 2016

It went down, then up, then did it all again, but the FTSE 100 managed to cling on to its 2016 high day in a confusing day of trading, closing at 6,363 – up 0.01 per cent. Despite the tiny move higher, the biggest stories came from the losers. Housebuilder Persimmon was on shaky foundations at its [...]
The International Monetary Fund (IMF) is going big on its economic warnings

April 14, 2016

The International Monetary Fund has been dishing out bitter pills all week from its spring conference taking place in Washington DC. Europe’s banks have been told they face a profitability crisis, countries around the world, including the UK, have had their growth forecasts slashed, and the Fund’s managing director Christine Lagarde has taken a generally [...]
Inflation slips back in the United States, but Federal Reserve still likely to raise rates in June

April 14, 2016

US INFLATION slipped back in March as cheaper clothes and food helped to offset a jump in petrol prices, easing the immediate pressure on the Federal Reserve to raise interest rates. The headline consumer prices index (CPI) came in at 0.9 per cent in the 12 months to March — down from a reading of [...]
Bank of England holds interest rates at 0.5 per cent and steps up its warnings on Brexit

April 14, 2016

Brexit could cause a prolonged period of instability in the UK economy, dramatically reduce the value of the pound and weaken growth, the Bank of England has warned, as it voted unanimously to hold interest rates at their record low of 0.5 per cent for another month. The rate-setting Monetary Policy Committee (MPC) made no [...]
Updated figures show the Eurozone isn’t in deflation after all as prices remained unchanged in March

April 14, 2016

The Eurozone isn't in deflation after all, official statistics released this morning have shown. The final estimate for the consumer prices index (CPI) measure of inflation for the single currency bloc, released this morning, came in at zero per cent – meaning prices actually remained unchanged over the last 12 months Two weeks ago, Eurostat, the [...]

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By: Jake Cordell

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