FTSE 100 Live: Shares hold gains, Easyjet and Royal Mail post updates The brighter mood for shares following yesterday’s inflation surprise has continued, with the FTSE 100 index trading higher. Evening Standard · Jul 20, 2023
Exceedingly good news? Mr Kipling owner says UK food inflation has peaked Premier Foods reports 21% rise in sales but pledges no more price rises this year The Guardian - UK · Jul 20, 2023
August dates for DWP cost of living payments, benefits and pensions Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall The Independent UK · Jul 20, 2023
What the papers say – July 20 A wide variety of stories make up the front pages across Britain. The Independent UK · Jul 20, 2023
What Market Bulls Are Watching Now: Supercore Inflation Supercore Inflation, popularized by the Federal Reserve, is falling fast, which could mean good things for the market. Barchart · Jul 19, 2023
Dollar Rallies on Weakness in the Pound and Yen The dollar index (DXY00 ) Wednesday rose by +0.34%. Weakness in the British pound underpinned the dollar Wednesday as GBP/USD fell to a 1-week low on better-than-expected UK inflation news. Also, the weakness in the yen Wednesday was positive for the dollar. Wednesday’s weaker-than-expected U.S. housing starts report limited the... Barchart · Jul 19, 2023
What Is Stagflation and How Can Investors Prepare? An oil supply shock and a weak jobs report have markets wondering about stagflation, when economic growth slows and the unemployment rate spikes. Kiplinger · Jul 19, 2023
Opposition demands debate on Manipur Opposition parties demand PM Modi to answer debate on Manipur ethnic violence. Government willing to discuss issues permitted under rules. BRS, IUML raise questions on UCC. Opposition seeks debate on inflation, govt likely to concede. The Hindu · Jul 19, 2023
Constellation Brands (STZ): Is the Stock a Buy or Hold? Constellation Brands (STZ) witnessed a strong sales performance in its recent quarter. However, with inflation, higher operating costs from brewery expansions, and elevated marketing expenses putting pressure on its margins, can it stay afloat in the current market conditions? Keep reading…. StockNews.com · Jul 19, 2023
UK housing market forecast to avoid slump despite zero growth in prices Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyers The Guardian - UK · Jul 19, 2023
Stocks Push Higher on Q2 Earnings Results and Easing UK Inflation Pressures What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. Stocks this morning are mildly higher, with the S&P... Barchart · Jul 19, 2023
Daniel Andrews’ $7bn Commonwealth Games price tag doesn’t add up, expert says Grattan Institute analyst says ‘the supply and cost inflation can’t fully account for this massive increase in costs’ The Guardian - AU · Jul 19, 2023
Mapped: How does UK’s inflation compare with the rest of Europe? Rising prices slow to 7.9 per cent in June. But how does this compare with our neighbours across the Channel? The Independent UK · Jul 19, 2023
Markets Today: Stocks Slightly Higher on Falling Bond Yields Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.02%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.18%. Stock indexes this morning are slightly higher on a decline in global bond yields. An easing of inflation pressures in the UK sparked a rally... Barchart · Jul 19, 2023
The Independent UK · Jul 19, 2023 Inflation means savers ‘may have lost as much as £113bn over past year in real terms’ Although interest rates have increased, savers have still lost money in real terms due to high inflation, AJ Bell said.
The Conversation · Jul 19, 2023 Inflation may be coming down but its unequal effects can still have a big impact on wellbeing Inflation is coming down across developed economies, although not as much as governments and central banks would like. The latest figures tracking UK inflation show prices rose by 7.3% in the year to June 2023, down from 7.9% in May, but still well above the government’s official target of 2%.…
Evening Standard · Jul 19, 2023 Hope for relief on mortgage rates as inflation falls to lowest level in 15 months Chancellor Jeremy Hunt stressed the need to “stick to the plan” to try to bring rising prices under control
The Guardian - UK · Jul 19, 2023 Rachel Reeves: Labour may be unable to scrap bedroom tax and child benefit cap Shadow chancellor says ‘dire economic inheritance’ would prevent party from reversing Tory welfare policies
Barchart · Jul 19, 2023 S&P Futures Tick Higher as Investors Weigh Economic Outlook, Tesla Earnings on Tap September S&P 500 futures (ESU23) are trending up +0.08% this morning after three major U.S. benchmark indices ended the regular session higher as investors weighed the latest batch of earnings reports from major companies and digested U.S. retail sales data.
The Independent UK · Jul 19, 2023 Hopes raised that upward pressure on mortgage rates could start to ease Consumer Prices Index inflation was 7.9% in June, down from 8.7% in May.
The Guardian - UK · Jul 19, 2023 UK inflation: which goods and services have risen most in price? From sugar to olive oil and holiday centres to pet products, how costs have soared
The Independent UK · Jul 19, 2023 Average UK house price is £7,000 below peak seen last September Property values increased by 1.9% annually in May this year, compared with a 14.1% annual uplift seen in July 2022.
The Guardian - UK · Jul 19, 2023 Inflation relief means Rishi Sunak’s targets no longer seem so hard to hit Annual rate is still four times the government’s objective but is below level expected by financial markets
Tribune News Service · Jul 19, 2023 Carl P. Leubsdorf: 3 possible threats to Biden campaign President Joe Biden forged a unified NATO position on ultimate membership for Ukraine and continued military help abroad last week. At home, inflation fell to the lowest level in more than two years, outpaced by wage gains.
The Guardian - UK · Jul 19, 2023 What does the UK’s falling inflation rate mean for you? Whether you are working or retired, a homeowner or business owner, here is all you need to know