Fed’s rate release anticipated in busy week for markets October 29, 2023 A string of central bank decisions and important data releases will keep investors on their toes this week.
FTSE 100 close: London slumps as Natwest shares crater after Rose review October 27, 2023 London’s FTSE 100 closed the week down almost one per cent, while Natwest’s shares plummeted on the outcome of its review into former boss Dame Alison Rose. The capital’s premier bluechip index ended the day well in the red, after showing signs of being steady throughout most of Friday. By midday it was up around [...]
Blockbuster US growth hits nearly 5 per cent – but what does it mean for interest rates? October 26, 2023 The US economy grew at a startling pace in the third quarter of the year as the world's largest economy continues to shrug off the impact of the Federal Reserve's interest rate hikes.
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.