FTSE 100 today: London markets set to open higher on strong GDP growth data July 11, 2024 Asian markets followed US's rally, with Chinese stocks rising due to new short-selling restrictions. UK GDP, US CPI and Jet2's results eyed.
Bank of England’s top economist Huw Pill ‘uncomfortable’ with persistence of inflation July 10, 2024 In a speech delivered at Asia House in London, Pill said that recent pieces of economic data pointed towards some "upside risks to my assessment of inflation persistence".
Business confidence rises to highest level in two years but concerns over costs remain July 10, 2024 "These figures suggest that businesses shrugged off any distraction caused by the general election, as lower inflation and stronger expected sales growth drove an encouraging uptick in confidence in the second quarter," Suren Thiru, ICAEW economics director, said.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
China’s CPI inflation at three-month low in June, spurring economic stimulus talks July 10, 2024 China's consumer price inflation slowed to a three-month low in June, while producer prices remained in deflationary territory.
Fed’s Powell: Commercial property stress may last years July 9, 2024 The weakness in the commercial property sector may last years, Federal Reserve chair Jerome Powell has warned.
Wes Streeting: NHS is now an ‘economic growth department’ in bid to address long-term sickness July 9, 2024 "This is no longer simply a project services department," he said. "This is an economic growth department. And the health of the nation and the health of the economy are inextricably linked."
Reeves will be more hands on with the economy than the last Chancellor July 9, 2024 Reeves's endorsement for adopting an industrial strategy is a radical break from the past, Chris Dorrell writes
Tony Blair urges new government to harness ‘truly revolutionary’ potential of AI July 9, 2024 Tony Blair has urged the new Labour government to harness the "truly revolutionary" potential of AI to help radically reform the provision of public services.
FTSE 100 today: London markets set for muted open amid sparse economic calendar July 9, 2024 Asian markets mirrored Wall Street's rise, with gold prices edging up. All eyes are on Federal Reserve Chair Jerome Powell's testimony.