Pound climbs on hopes of US rate cuts – but further progress looks unlikely November 6, 2023 Sterling has recorded a strong start to November as traders grow increasingly confident that the US Federal Reserve has reached the peak of its rate hiking cycle.
Why World Travel Market is the most bonkers trade fair in London November 6, 2023 World Travel Market begins today and welcomes hundreds of countries from around the world to ExCeL London in Canning Town
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.
Traders to focus on Powell, Bailey and Lagarde speeches this week November 5, 2023 Investors this week will hone in on speeches from some of the world's most important central bankers in what is set to be a much quieter week for markets.
Oil heads for weekly loss as Israel-Hamas war risk premium wanes November 3, 2023 Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose up to 3% on the week.
US economy: Investors encouraged as drop in Treasury yields helps curb inflation November 3, 2023 The Dow Jones Industrial Average jumped 564 points, or 1.7 per cent, and the Nasdaq composite climbed 1.8 per cent.
Fight against inflation enters new phase after Bank of England holds interest rates again November 2, 2023 The battle against inflation has clearly entered a new phase.
Bank of England leaves interest rates on hold with gloomy prospects for UK growth November 2, 2023 Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee [...]
Moving markets today: Fed holds, Tokyo stimulus, and all eyes on Apple November 2, 2023 What’s moving markets today? Wall Street closed higher on Wednesday, led by a 1.6% gain in Nasdaq. This followed the decision by the U.S. Federal Reserve to keep interest rates unchanged at 5.25%-5.50%. The Bank of England is also set to keep its interest rates on hold at a 15-year high of 5.25% on Thursday. [...]
Federal Reserve leaves interest rates on hold again as attention turns to Bank of England November 1, 2023 The Fed has kept interest rates on hold for the second time in a row as the central bank's battle against inflation enters a new phase.