Leading economists expect Bank of England to cut interest rates in spring January 2, 2024 Top economists have brought forward their expectations for the Bank of England's next interest rate cut to as soon as March and overwhelmingly see the central bank's monetary policy as too hawkish, according to a City A.M. poll, after promising signs in the battle against inflation.
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 [...]
Arm delays IPO plans as recession shakes markets November 20, 2022 British chipmaker Arm has pushed back its plans for an initial public offering this year as markets are rocked by recessionary fears and soaring inflation.
Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]
FTSE 100 today: London markets set for a calm start, tracking Asian peers March 25, 2024 Asian markets were mixed on Monday with limited economic data for the week. Oil prices surged amid geopolitical tensions, while gold remained stable. Investors are keenly awaiting the release of US Personal Consumption Expenditures (PCE) inflation data, especially during this holiday-shortened week.
UK’s debt risks soaring by over £100bn due to post-pandemic inflation June 29, 2021 The Bank for International Settlements (BIS) today published its annual report today, suggesting that the UK’s post-pandemic debt could rise by over £100bn due to inflation. In its report, the Swiss-based bank set out its outlook for global recovery from the Covid pandemic. Its primary scenario was one of solid recovery but at uneven rates, [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
Inflation could reach three per cent this year, says Janet Yellen June 7, 2021 The US Treasury Secretary has said inflation could reach as high as three per cent this year as the economy rebounds from the worst of the pandemic. “We have in recent months seen some inflation, and we — at least on a year-over-year basis — will continue, I believe through the rest of the year, [...]
UK inflation climbs to 0.7 per cent in March April 21, 2021 The UK’s Consumer Prices Index (CPI) rose to 0.7 per cent in March, from 0.4 per cent in February, official ONS figures showed this morning. CPI was boosted by rising fuel costs and clothing but was partially offset by falls in the price of food. The ONS said prices charged by manufacturers rose by 1.9 [...]
Mitchells & Butlers sounds alarm over soaring energy costs September 29, 2022 Pub and restaurant group Mitchells & Butlers sounded the alarm over soaring inflation today as it reported a dip in sales in the year to September.