Election uncertainty knocks activity in service sector July 3, 2024 Despite the fall, June's final PMI was higher than the 51.2 recorded in the initial 'flash' estimate
FTSE 100 today: London markets to open higher on rate cut wagers July 3, 2024 Asian stocks surged on rate cut expectations, with the yen near 38-year lows. Focus on Fed minutes, ISM services PMI, and UK elections.
China’s services sector growth dips to eight-month low: Caixin PMI July 3, 2024 China's services sector grew slower than expected in June, marking its weakest pace in eight months, according to a private-sector survey.
Central banks keep markets guessing on path of interest rates July 2, 2024 Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday.
Bank of England should become more like the Fed to stem bond losses, Barclays says July 2, 2024 The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.
What the next government needs to do to kickstart the economy July 2, 2024 There's a startling degree of consensus on the economic challenges facing the next government, but that does not make them any easier to solve.
Eurozone inflation edges lower in June as food and energy prices ease July 2, 2024 The ECB cut interest rates for the first time in five years last month.
Shop price inflation drops to lowest level since October 2021 as retailers slash prices on TVs July 2, 2024 Retailers slashing prices on TVs to capitalise on the Euros helped push shop price inflation to its lowest level since October 2021.
FTSE 100 today: London markets to open lower on weak Asian cues, focus on elections July 2, 2024 Asian markets mixed amid Trump re-election speculation, yen near 38-year low; Eyes on French election deadline and US Jolts.
UK mortgage market still ‘precarious’ amid uncertainty over timing of interest rate cuts July 1, 2024 Tom Cuppello, director of risk at Broadstone, said the housing market's recovery remained "precarious" amid uncertainty over the timing of interest rate cuts.