FTSE 100 giant Reckitt responds to share price plunge as Enfamil baby formula lawsuits mount March 15, 2024 The trial was the first of several hundred trials that are set to come to court surrounding the baby formula.
FTSE 100 today: London markets to open lower amid global weakness, Wall Street tech decline March 15, 2024 Asian stock markets faced downward pressure due to a tech-driven slide, while Bitcoin plummeted by 4%. Chinese home prices dropped amid a worsening property market, with the PBOC maintaining key rates unchanged. Investors are now eyeing upcoming U.S. data releases for economic insights.
Moving markets: Five things shaping the FTSE 100 today March 13, 2024 Amidst Wall Street's historic highs, Asian markets maintained a sense of calm, while oil prices surged and Bitcoin experienced an uptick. Now, attention pivots to the eagerly awaited release of the UK’s GDP figures.
Why markets still think the Fed will cut interest rates in June despite US inflation overshoot March 12, 2024 Looking longer term, there has been little progress on inflation since last summer, when inflation dropped to three per cent. Inflation has remained roughly stable since then.
US inflation comes in ahead of expectations again as markets grow nervy about Fed rate cuts March 12, 2024 According to figures from the Bureau of Labor Statistics, prices rose 0.4 per cent in February, higher than the 0.3 per cent expected by economists.
US inflation top of the agenda with Fed interest rate cuts ‘not far’ away March 10, 2024 Inflation has fallen sharply across many advanced economies, but central banks have so far been unwilling to cut interest rates when they are not absolutely certain that inflation is under control.
US jobs report ‘all over the place’ as unemployment ticks up March 8, 2024 The US economy presented a muddled picture in February, as the economy added 275,000 jobs, above expectations of 200,000, while the country’s unemployment rate increased by 0.2 percentage points to 3.9 per cent. Wage inflation came in at 4.3 per cent on a yearly basis, below market expectations and January’s figure of 4.4 per cent. [...]
Moving markets: Five things shaping the FTSE 100 today March 8, 2024 Asia follows Wall Street's upward trend, with gold eyeing its best week in five months and oil prices climbing. Investors eagerly await the U.S. non-farm payrolls report, which is set to influence market sentiment and decisions ahead.
Lloyd’s of London’s underwriting profit nearly doubled in 2023 following ‘outstanding’ year March 7, 2024 The market’s combined ratio - a measure of insurance profitability - improved by 7.9 percentage points to 84 per cent from 91.9 per cent in 2022.
FTSE 100: What’s moving markets today? March 7, 2024 Asian markets echoed Wall Street's gains, with Bitcoin topping $69,000. Fed Chair Jerome Powell's reaffirmed rate cut stance grabbed attention, while eyes now turn to the ECB's policy decisions.