FTSE 100 today: London markets set to open higher following Asian peers’ lead April 4, 2024 Japan’s Nikkei led an Asian market rally. Oil and gold prices soared. Federal Reserve Chair Jerome Powell reiterated a cautious stance on rate cuts, while investor focus shifts to upcoming Fed speeches and U.S. jobs data.
Unleashing The Future Of Finance: IFGS 2024 Beckons April 3, 2024 The UK has long been celebrated as a global leader in FinTech and financial innovation. 8 out of every 10 adults in the UK are currently using at least one FinTech tool on a regular basis; nearly 60% of all SME lending across the UK is being done by FinTechs and alternative lenders; and the [...]
Government debt sells off after Easter as higher-for-longer interest rate fears resurface April 3, 2024 "European bonds dropped, tracking the previous day’s selloff in Treasuries, as traders priced the possibility of fewer interest-rate cuts from the Fed," analysts at Liberum noted.
London Stock Exchange could be stripped of smaller firms by 2028, warns Peel Hunt April 3, 2024 The London Stock Exchange could be stripped of smaller companies by 2028 if the pace of a current “feeding frenzy” continues, according to a top investment bank.
Euro inflation falls faster than expected as markets look for clues on interest rate cuts April 3, 2024 The ECB left interest rates on hold at its March meeting, warning that price pressures remain high "owing to strong growth in wages".
FTSE 100 today: London markets to open red as Fed rate-cut odds dwindle, spurring global decline April 3, 2024 Asian shares mirrored Wall Street's decline, while gold reached a record high and oil prices rose. China's services sector experienced accelerated growth. Taiwan was hit by its strongest earthquake in almost 25 years. Investors awaited Fed Chair Jerome Powell's speech and the release of the US Services PMI data.
Services inflation to ‘cool significantly’ paving the way for June interest rate cut April 2, 2024 Falling energy prices will help services inflation to "cool significantly" in the months ahead, paving the way for the Bank of England to start cutting interest rates in June, analysts at Goldman Sachs said.
FTSE 100 drops below 8,000 but index remains nears all-time high April 2, 2024 It briefly reached as high as 8,014, higher than its highest closing price of 8,012.53.
‘Life returning to UK housing market’ as mortgage approvals climb to highest level since mini-budget April 2, 2024 Ashley Webb, assistant economist at Capital Economics, also said the figures showed that higher interest rates were having less of an influence on customers' savings behaviour.
‘Recovered from doldrums’: UK manufacturing returns to growth for first time since July 2022 April 2, 2024 Output and new orders for manufacturing firms increased for the first time in a year helping business optimism about the year ahead to hit an 11-month high.