US Fed rate cut hopes fade: Odds of a June cut fall to 50:50 April 9, 2024 Investors hoped for big US Federal Reserve interest rate cuts this year, but now it's unclear if even half of what was expected will happen.
Barclays launches legal challenge over motor finance claim April 8, 2024 Barclays is launching a legal challenge against the Financial Ombudsman Service (FOS) over a ruling that it unfairly paid commission to a car finance broker, Sky News’ Mark Kleinman first reported. In January, the Financial Conduct Authority (FCA) announced it was launching a probe into historic commission arrangements dating back to 2007, when the FOS [...]
IMF warns central banks should be wary of leaving interest rates on hold for too long April 8, 2024 In a chapter from its latest World Economic Outlook, the IMF noted that different economies have experienced different effects from higher interest rates.
Meet the fund manager: Backing innovation in the age of AI April 8, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from James Dowey, fund manager at Liontrust Global Technology Fund.
UK economy: ‘Worst is behind us’ as optimism among finance bosses rises again April 8, 2024 With inflation falling fast and interest rates likely to be cut in a matter of months, CFOs are much more confident about their business prospects than is normally the case.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
Rental crisis to get worse as earnings ‘won’t keep up’ with London flats April 8, 2024 Rents are likely to continue growing over the coming years, turning a rental crisis into a perma-state in London
FTSE 100 today: London shares set for quite open; focus shifts to US inflation and Q1 earnings season April 8, 2024 Asian stocks showed mixed results with the Nikkei rebounding and China facing property woes. Major Asian currencies weakened. Gold prices slipped from their record high last week, while bitcoin saw a rise in value. All eyes are now on US inflation data and the start of first quarter earnings season.
US inflation to attract attention as concerns grow over Fed interest rate cuts April 7, 2024 Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.