FTSE 100 close: London dips after disappointing US jobs data while 250 continues strong run November 3, 2023 FTSE 250, which is an index more aligned with the UK domestic market, was one cent up following the open, sitting handsomely at 17,945.48.
US economy: Investors encouraged as drop in Treasury yields helps curb inflation November 3, 2023 The Dow Jones Industrial Average jumped 564 points, or 1.7 per cent, and the Nasdaq composite climbed 1.8 per cent.
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
London’s exchanges are losing companies again. It needs to stop. November 2, 2023 Even by recent standards, this has not been a banner week for London's stock exchanges.
Bank of England leaves interest rates on hold with gloomy prospects for UK growth November 2, 2023 Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee [...]
Federal Reserve leaves interest rates on hold again as attention turns to Bank of England November 1, 2023 The Fed has kept interest rates on hold for the second time in a row as the central bank's battle against inflation enters a new phase.
US labour market resilient as another ‘hawkish’ Fed rate pause looks nailed on November 1, 2023 The US labour market remains resilient despite the US Federal Reserve’s aggressive bout of monetary tightening, new figures out today suggest. According to the Bureau of Labor Statistics’ JOLTS survey, there were 9.6m job openings on the last day in September – little changed from the month before and ahead of the market consensus of [...]
Gender pay gap barely budges in past year while wage growth reaches record annual levels November 1, 2023 The gender pay gap for full-time workers has barely changed over the past year, new figures suggest.
UK manufacturing mired in deepest downturn since 2008 financial crisis November 1, 2023 The UK's manufacturing sector is engulfed in the deepest downturn since the 2008 financial crisis as market uncertainty depresses activity, a closely watched survey suggests.
FTSE 100 close: London rises on strong Next results as investors await Fed rate decision November 1, 2023 The Fed is widely expected to leave interest rates on hold as it assesses how its historic bout of monetary tightening is impacting inflation.