Moving markets: Five things shaping the FTSE 100 today March 4, 2024 Asian markets rallied as Japan's Nikkei surged, bitcoin hit a two-year peak, and oil prices rose. All eyes are on the UK Budget and the Annual Chinese Communist Party (CCP) meetings, set to influence market dynamics this week.
Moving markets: Five things shaping the FTSE 100 today March 1, 2024 Both the Nasdaq Composite and S&P 500 reached record highs, while the Nikkei also hit a new peak. However, China's manufacturing activity slowed for the fifth straight month. Oil prices surged amid Gaza deaths, complicating ceasefire talks. All eyes are on global factory PMI data.
Fed’s preferred measure of inflation picks up slightly as signs of persistence remain February 29, 2024 On an annual basis, core PCE came in at 2.8 per cent, down from 2.9 per cent the month before.
Clare Lombardelli appointed deputy governor at the Bank of England February 29, 2024 Clare Lombardelli has been appointed as the next deputy governor for monetary policy at the Bank of England, replacing Ben Broadbent.
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Spring Budget 2024: Hunt considering scrapping non-dom rules to fund tax cuts February 29, 2024 With less than a week to go until next week's Budget, the Chancellor is looking for extra sources of revenue to fund his tax-cutting agenda.
UK economy: Business confidence remains high with firms set to increase headcount February 29, 2024 Despite falling into a shallow recession in the second half of last year, business surveys have pointed to an upturn at the beginning of the year.
FTSE 100 today: London markets set for cautious open as U.S. inflation data looms large February 29, 2024 Asia mirrors Wall Street's decline, bitcoin breaches $60,000, and oil prices fall; all eyes are on US PCE inflation data for market direction.
FTSE 100 close: London sinks into the red as shares in St James’s Place crash, Reckitt and Taylor Wimpey fall February 28, 2024 Shares in St James Place plummeted after it slashed its dividend and warned that costs connected to complaints would be a drag on growth in the coming year.
‘Fragile’ UK at risk from ‘another acceleration’ in business insolvencies, Allianz warns February 28, 2024 The insurer's global insolvency outlook estimated 15 per cent of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion of "fragile firms" in Europe.