UK inflation rate hits Bank of England target: Will Carney raise rates? June 19, 2019 The UK’s Consumer Prices Index (CPI) inflation rate fell to two per cent in May, in line with the Bank of England’s target, the latest figures show. CPI inflation dropped to within the target range set by Bank boss Mark Carney from 2.1 per cent in April, the Office for National Statistics (ONS) said today. [...]
Tory leadership hopefuls face new vote after TV clash June 19, 2019 The five remaining candidates in the Tory leadership race face another round of voting today, as MPs react to their performances in last night’s TV debate. Yesterday former Brexit secretary Dominic Raab was knocked out of the contest after he failed to secure the necessary 33 votes from MPs. The candidates now face a third [...]
Technology fuels increasingly mobile future for investment professionals June 18, 2019 CFA Institute report finds that nearly half of investment professionals expect their roles to substantially change within the next decade.
Italy tussle overshadows euro’s birthday party June 17, 2019 Europe’s single currency, the euro, is 20 years old, but any celebrations are likely to be muted. Its value against the dollar has been in steady decline for five years and it is now trading well below the level at which it was launched in January 1999. This may be good news for the eurozone’s [...]
US interest rates and gold: what’s next for global markets? June 17, 2019 This week’s main focus across financial markets is likely to be the US interest rate decision on Wednesday evening (19:00 BST). There is unlikely to be any actual change to interest rates but, as usual, traders will be watching out for clues about the Federal Reserve’s sentiment on the state of the economy and future [...]
Why the world economy is like a wobbly bike June 14, 2019 Three months ago we said “the easing in US-China trade tensions, more flexible central banks and the benefits of lower oil prices should stabilise activity later this year and support an upgrade in our global growth forecast for 2020”. However, two of those supports have now fallen away and we are more reliant on looser [...]
US inflation tepid ahead of Fed rates decision June 12, 2019 US consumer price inflation slowed in May, official data revealed today, in news that could add to pressure on the country’s central bank to cut interest rates. Read more: Trump attacks euro and repeats criticism of Fed The consumer price index (CPI) rose 1.8 per cent in May compared to a year earlier, down from [...]
Trump attacks euro and repeats criticism of Fed June 11, 2019 US President Donald Trump has accused the Eurozone economies of devaluing the single currency to put the US at a disadvantage, and renewed his attack on his country’s central bank. Read more: Trump says tariffs on remaining Chinese goods set to come into force Trump said on Twitter: “The Euro and other currencies are devalued [...]
Trump says tariffs on remaining Chinese goods set to come into force June 10, 2019 US President Donald Trump has confirmed that further tariffs on Chinese goods will come into force unless a trade deal between the two sides is reached. Read more: FTSE hits five-week high on Trump tariff reprieve In an interview with US news network CNBC, Trump said that if Chinese President Xi Jinping did not attend [...]
Dollar falls as US economy adds just 75,000 jobs in May and wage growth slows June 7, 2019 The US economy created a lower-than-expected 75,000 jobs last month and wage growth eased as Donald Trump’s trade war with China continued to bite. Job creation slowed sharply in May from the 224,000 new jobs recorded the previous month, falling far below estimates of 175,000. Read more: European stock markets bleed red as Trump takes [...]