US inflation comes in ahead of expectations on higher housing costs February 13, 2024 US inflation came in ahead of expectations in January due to elevated housing costs, making it more likely that the US Federal Reserve will wait until the summer to start cutting interest rates. Figures from the Bureau of Labor Statistics showed the consumer price index (CPI) picked up to 0.3 per cent month-on-month in January. Economists had [...]
FTSE 100 today: London markets set for muted start amid thin Asian holiday trade February 12, 2024 Australia's equities slip, while Asian markets remain closed for holidays; Bitcoin surges, and gold pauses in light trading. Eyes are on Tuesday's U.S. inflation report and Fed speeches.
Bank of England staff fed up with ‘rewards’ – despite £25m bonus payouts and inflation botch-job February 9, 2024 Staff at the Bank of England have reportedly taken issue with their salaries, according to an internal survey, as Parliament warns that much bigger pay packages in the private sector could draw away top talent.
Moving markets today: What’s shaping the FTSE 100 this morning February 9, 2024 S&P 500 inches closer to 5,000, Japanese stocks hit 34-year high, Arm shares surge 55%, Oil prices rise as Israel rejects ceasefire proposal, focus on PepsiCo earnings and Fed commentary.
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
Sterling slumps as hawkish Fed spooks investors February 5, 2024 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments.
FTSE 100: London markets tick down as traders trim rate cut bets February 5, 2024 London's FTSE 100 ticked down on Monday amid a deluge of economic data that spurred traders to trim their bets on UK interest rate cuts.
DP World Tour hails PGA Tour collaboration after FedEx sponsors Open de France February 5, 2024 It follows the success of a worldwide partner offering in the Ryder Cup.
Strong US jobs report pushes March rate cut ‘off the table’ February 2, 2024 The US added 350,000 new jobs last month, almost double the expected 180,000, suggesting that the US economy was strong enough that a cut in interest rates in March from the Federal Reserve is now “off the table”. The economy added jobs to almost every sector in January, with professional and business services gaining a [...]