Wall Street opens higher as jobs report eases inflation concerns June 4, 2021 Wall Street’s main indexes opened higher today after data showed modest US jobs growth in May, easing concerns about an early tightening of monetary policy. The Dow Jones Industrial Average rose 0.3 per cent at the open, while the Nasdaq Composite gained 0.65 per cent. The S&P 500 added 0.5 per cent as it continued [...]
Bank expects inflation to breach target and shoot above three per cent June 24, 2021 Bank of England expects inflation to breach target and shoot above three per cent
Construction activity continues pacey growth but inflation fears loom May 7, 2021 UK construction activity continued its rapid growth in April, but the burst of activity saw the rate of input cost inflation rise to its highest levels since 1997. IHS Markit’s construction Purchasing Managers Index registered 61.6 last month, only fractionally below March’s record reading of 61.7. Any figure above 50.0 indicates an overall expansion of [...]
Crypto investment accessibility set to grow ahead of expected inflation rate hikes June 21, 2021 CryptoCompare data shows the price of Bitcoin (BTC) started the week close to the $40,000 but failed to breach that mark and keep moving upwards. Instead, the flagship cryptocurrency’s price dropped to a $33,000 low at press time. Ethereum’s Ether, the second-largest cryptocurrency by market capitalisation, moved from around $2,600 at the beginning of the [...]
Spreadsheet Sunak won’t win an election if he can’t meet his own scorecards July 6, 2023 From stopping the boats to driving down inflation and cutting NHS waiting lists, Sunak has failed to meet his own targets and voters won’t keep believing him writes John Oxley
Barbarians at the gate? Private equity bonanza fails to materialise June 7, 2023 A flurry of predicted private equity deals failed to rear its head last month as sticky inflation and more interest rate pain forced dealmakers to reconsider an offensive, according to a London investment bank.
Banning plastic forks will be a headache for hospitality firms January 13, 2023 Banning plastic cutlery is a win for environmental campaigners, but for restaurants battling inflation and rising energy bills, it could create more problems, writes Mark Stefanini
Politicians have learnt the lessons of 2008 but we should still fear inflation June 17, 2021 Forecasting inflation is like forecasting exchange rates. In both cases, economists must go out on a limb. Given the number of factors that come into play, making predictions about inflation and exchange rates leads more often to fiasco than to kudos. Let’s consider a recent, telling example. High inflation expectations were rife in the months [...]
Global inflation outlook more complicated than polarised debate suggests May 25, 2021 It sometimes feels as there is little more to be said about the outlook for inflation, such has been the volume of ink spilt on the subject in recent weeks. However, much of the discussion has tended to miss important nuances in the situation faced by different countries. So there are several issues worth keeping [...]
Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]