Gold prices hover near three-week low as dollar firms and investors focus on US inflation data November 13, 2023 Gold fell 2.8 per cent last week, logging its worst week in more than a month, as Fed Chair Jerome Powell's hawkish remarks pushed back any notion about interest rate cuts.
US inflation to attract attention as traders look for hints on Fed’s rate path November 12, 2023 Tuesday's US inflation report will be the highlight of a busy week for markets that will also include a health check on the state of the US consumer.
Blockchain and Web3 keep coming up with solutions to problems November 11, 2023 Dr Chris Kacher explains how blockchain - the beating heart of Web3 - can present answers before we even know the question.
FTSE 100 close: London ends week deep in the red as Diageo shares crash after GDP flat November 10, 2023 No firms on the FTSE 100 rose by more than one per cent after the open on a sluggish morning with few corporate results, as Diageo' share price plummeted by more than nine per cent.
‘A long way to go’: Fed chief signals possible interest rate hike November 10, 2023 Jay Powell said he is 'not confident' that the fight against inflation is won, hinting at the need for a further Fed interest rate hike
Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Bank of England’s Andrew Bailey ‘optimistic’ that inflation will fall but still ‘too early’ to discuss rate cuts November 8, 2023 Speaking at a conference hosted by the Central Bank of Ireland, Mr Bailey said that Brexit had reduced the openness of the British economy.
FTSE 100: What’s moving markets today? November 8, 2023 Moving markets today: U.S. stocks rise, oil prices plummet to 3-month lows, all eyes on Powell and Bailey's speeches
Increasing signs of slack in UK’s labour market as firms report growing pool of workers November 8, 2023 The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
Bank of England has lost the delicate touch monetary policy needs November 8, 2023 After decades of cheap debt, the swing towards high interest rates was a wrecking ball for monetary policy, writes Charles White Thomson