FTSE 100 Live: Index closes lower with M&S set to rejoin, Ocado shares surge, EU inflation stuck at 5.3% Interest rate jitters continued today after eurozone inflation remained at 5.3% this month. Evening Standard · Aug 31, 2023
Stocks Climb as Bond Yields Fall on Optimism for a Fed Pause What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.42%. Stocks this morning are moderately higher, with the Nasdaq... Barchart · Aug 23, 2023
UK on recession alert amid slump in private sector activity Poor performance in services industry and manufacturing is mirrored in eurozone The Guardian - UK · Aug 23, 2023
UK interest rates: crashing the economy is no way to bring down inflation The Bank of England (BoE) has raised interest rates once again to 5.25%, mirroring similar moves by the Federal Reserve and the European Central Bank. The fact that the UK is still suffering from high inflation – higher than either the US or eurozone – made another rate rise appear… The Conversation · Aug 4, 2023
Stock Index Futures Slip as Investors Await Key U.S. Economic Data, Chinese Data Disappoints September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.25% this morning as market participants digested weak Chinese and Eurozone manufacturing data while looking ahead to the U.S. ISM manufacturing survey. Barchart · Aug 1, 2023
Eurozone returns to economic growth as inflation falls GDP also rises in 20-member bloc but German growth remains flat and Italy shrinks The Guardian - UK · Jul 31, 2023
Europeans invited to pick theme for new, 'more relatable' euro banknotes People in the eurozone area have until the end of August to help choose a theme for the next generation of euro banknotes, as the European Central Bank prepares to revamp single currency for the first time in 20 years. Radio France Internationale · Jul 16, 2023
June drop in UK inflation expected but heat still on Bank of England City economists predict annual rate will fall from 8.7% recorded in April and May but will still be higher than in eurozone The Guardian - UK · Jul 16, 2023
Crude Oil Prices Continue Lower on Economic Gloom August WTI crude oil (CLQ23 ) Friday closed down -0.35 (-0.50%), and Aug RBOB gasoline (RBQ23 ) closed down -3.49 (-1.41%). Crude oil and gasoline prices Friday extended Thursday's sell-off on economic gloom driven by the weak U.S. and Eurozone purchasing manager reports. The preliminary-June S&P U.S. PMI fell by... Barchart · Jun 23, 2023
Crude Oil Prices Continue to Fall on Economic Gloom August WTI crude oil (CLQ23 ) today is down -1.05 (-1.51%), and Aug RBOB gasoline (RBQ23 ) is down -0.533 (-2.16%). Crude oil and gasoline prices today have extended Thursday's sell-off on economic gloom driven by today's weak U.S. and Eurozone purchasing manager index reports. The preliminary-June S&P U.S. PMI... Barchart · Jun 23, 2023
Eurozone sinks into recession as cost of living crisis takes toll GDP shrank 0.1% in first quarter of 2023 and final three months of 2022 after revisions to earlier estimates The Guardian - UK · Jun 8, 2023
OPINION - Britain is the sick man of the West on inflation and now faces bitter medicine First, the good news. Inflation is heading lower. US inflation peaked at 8.5 per cent late last year and is now running at around five per cent. Eurozone inflation peaked at 10.6 per cent and is now down to 6.1 per cent. UK inflation peaked at more than 11 per… Evening Standard · Jun 5, 2023
Markets Today: Stocks Mixed as Debt Ceiling Bill Goes to the Senate Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.05%. U.S. stock index futures this morning are mixed. The broader market is finding support today on an easing of U.S. default concerns after the House... Barchart · Jun 1, 2023
Why UK inflation is so high compared to EU and US and what to do about it Britain has a bigger inflation problem than either the US or the eurozone, according to Bank of England policymaker Catherine Mann. The Conversation · Jun 1, 2023
Barchart · May 5, 2023 Stocks Jump as Bank Stock Rebound and Apple Soars What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. U.S. stocks this morning are moderately higher as an...
The Guardian - UK · May 3, 2023 Fed to raise interest rate again amid core inflation pressure Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession
France 24 · May 2, 2023 Italy cracks down on asylum, boosting work visas instead Italy's far-right government, led by PM Giorgia Meloni, recently made a change to its immigration policy. This involves a crackdown on residence permits for asylum seekers and an increase in deportation centres, in order to discourage illegal immigration. But the government also wants to increase the number of work visas…
The Guardian - UK · Apr 28, 2023 Eurozone economy avoids recession ‘by a whisker’ Warmer winter, lower energy prices and China’s reopening help bloc surprise economists and stave off severe downturn
Evening Standard · Apr 25, 2023 Why is the UK’s inflation rate still higher than other wealthy countries? The UK’s 8.7% CPI figure in March compares with 6.1% in the eurozone and 4% in the US
The Guardian - UK · Apr 18, 2023 UK inflation expected to dip below 10% as energy prices fall Annual inflation may drop when official figures are released on Wednesday but UK rate still higher than eurozone
The Guardian - UK · Mar 31, 2023 Eurozone inflation falls sharply as energy prices drop Annual rate down to 6.9% this month, with signs of cost of living pressures easing
The Guardian - UK · Mar 22, 2023 Why does the UK have highest inflation in G7 and is Brexit a factor? Britain appears to be an international outlier after the shock reading in double digits this week
The Conversation · Mar 17, 2023 The European Central Bank seems to have got away with raising interest rates in the middle of a banking crisis – here's why In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was necessary to bring eurozone inflation back…
The Conversation · Mar 10, 2023 Are interest rates really going to keep rising sharply? For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…
The Guardian - UK · Mar 2, 2023 ECB looking out for price gouging as fears grow over ‘greedflation’ Concerns that a big driver of price rises may be firms using inflation as excuse to increase profit margins