ECB brings rate-hiking campaign to an end as bloc looks to be on cusp of recession October 26, 2023 The European Central Bank (ECB) has finally brought its run of 10 consecutive rate hikes to an end as growth across the bloc looks set to slow over the coming months.
FTSE 100 close: London dips as Standard Chartered share price drops sharply October 26, 2023 Inflation across the eurozone has fallen since the ECB raised its deposit rate to a record 4 per cent last month.
Argentinian election headed for ‘polarised’ run off between Peronists and libertarians October 23, 2023 Argentina's ruling party received a surprisingly high proportion of the vote in the weekend's election, setting up a dramatic run-off
Design for confidence: the write-down of AT1 bonds in the last days of Credit Suisse October 20, 2023 The reputation of Swiss regulator, Finma is on the line as the holders of Credit Suisse’s AT1 bonds take legal action, seeking compensation after securities they owned were written down, as part of the bank’s forced marriage to UBS.
Lord Mayor Nicholas Lyons: I will miss doing this, but I’ll love being out of the public eye October 19, 2023 The Lord Mayor of the City of London Nicholas Lyons is due to end his time in office next month. He has spearheaded pension reform in his time at Mansion House..
Pound slumps as US inflation remains stuck at 3.7 per cent in September October 12, 2023 Sterling slumped after US inflation came in slightly ahead of expectations.
Interest rates: Wholesale inflation in US rises ahead of crucial consumer price data tomorrow October 11, 2023 US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year-and-a-half of higher interest rates.
FTSE 100 close: Next falls on reports of Fatface deal as London markets slip into the red October 11, 2023 London's FTSE indexes were treading water early on Wednesday after yesterday's rally with investors nervy ahead of key US inflation data tomorrow.
Cost of government debt falls as investors seek out a safe haven and rein in rate expectations October 10, 2023 The recent sell-off in government debt has eased slightly as investors reined in their expectations for how high interests would have to go following comments from Fed officials yesterday.
FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]