Stock market today: Asian shares mixed as investors await Fed policy decision, price data Shares are mixed in Asia after the S&P 500 logged its fourth winning week in a row on Friday The Independent UK · Jun 12, 2023
Buoyant demand fosters further growth of new business and output - report West Midlands companies benefited from positive demand trends in May and responded to this by creating more jobs and lifting business activity Birmingham Post · Jun 12, 2023
Ulster Bank PMI: Northern Ireland business activity continues and confidence grows There are also signs of easing inflationary pressures Birmingham Post · Jun 12, 2023
New business falls in North East but inflationary pressures ease The latest North East business survey from NatWest highlights a third month of expansion in May, however Birmingham Post · Jun 12, 2023
Economic growth to pick up but risks to recovery ‘elevated’, say UK forecasts Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMG The Guardian - UK · Jun 11, 2023
Private sector expansion slows as manufacturing output falls Price pressures cool, but remain historically elevated, while employment levels rise further Insider UK · Jun 11, 2023
The eternal joust over rate hikes Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers. Bangkok Post · Jun 11, 2023
FOMC, CPI and Other Key Themes to Watch This Week This week is packed with news and events. The FOMC is the big one of the week, but we also have CPI, PPI, Bond Auctions, Oil Reserves (which may be important with the OPEC cut), and plenty of other big news. Barchart · Jun 11, 2023
Why the Red Cross’ crisis is causing aid groups to rethink their financing The International Committee of the Red Cross (ICRC) last month announced it would lay off nearly 10 percent of its global staff and roll back dozens of its operations across the world. Although the ICRC’s crisis can partly be blamed on the war in Ukraine and resulting inflation, it also… France 24 · Jun 11, 2023
Fresh data coming on inflation’s impact on labour market A fresh batch of jobs data will be pored over this week for confirmation the extremely tight labour market is starting to unwind. The New Daily · Jun 11, 2023
Supermarkets pay out £1.2bn to shareholders as cash-strapped Brits can't fill trollies Supermarkets including the likes of Tesco and Sainsbury's have been accused of greedflation by Unite as their shareholders are set for a bumper £1.2bn payout. Daily Mirror · Jun 10, 2023
How the prices of supermarket own brand and value ranges compare Food inflation is at around 19.4% and having a big impact on rising prices Belfast Live · Jun 10, 2023
Asian equities gain on hopes for Fed pause RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week. Bangkok Post · Jun 9, 2023
Unwavering focus: On the Monetary Policy Committee’s approach to policy Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment The Hindu · Jun 9, 2023
Manchester Evening News · Jun 9, 2023 Bank of England interest rates announcement to be made in June - what to expect Experts have warned that inflation may not have fallen low enough to prevent another hike in interest rates
Nottingham Post · Jun 9, 2023 New flats for Nottingham rough sleepers saved after inflation pushed project to 'edge of viability' The new flats in Forest Fields are set to provide a "sanctuary" for those who have been on the streets
Barchart · Jun 9, 2023 Can the Fed Continue to Hike Rates? The U.S. central bank has taken the highest inflation in four decades seriously, increasing the short-term Fed Funds Rate by 500 basis points from March 2022 through May 2023. The Fed has also tightened credit for further maturities via quantitative tightening. While the consensus over the past year supported rate…
The Independent UK · Jun 9, 2023 Erdogan's new central bank chief signals hope for Turkey's economic turnaround Turkey's president has appointed a former U.S.-based bank executive to head the central bank
The Guardian - UK · Jun 9, 2023 France’s food industry pledges to cut prices after government pressure Finance minister reaches deal with 75 manufacturers after signs of falling prices for raw materials
Barchart · Jun 9, 2023 S&P Futures Tick Higher as Rate Hike Fears Subside, Chinese Inflation Data Disappoints June S&P 500 futures (ESM23) are trending up +0.04% this morning after three major U.S. benchmark indices closed higher on Thursday as an unexpected rise in weekly U.S. jobless claims bolstered expectations that the Federal Reserve would hold rates steady next week, while investors also digested weaker-than-expected inflation data from…
The Guardian - UK · Jun 9, 2023 Tories can rule out any pre-election feelgood factor from property market The question is not whether UK house prices will continue to fall but how big the drop will beBusiness live – latest updates
Al Jazeera · Jun 9, 2023 Crisis-hit Pakistan set to present budget as IMF watches Pakistan hopes budget will help unlock more than $2.5bn left in $6.5bn IMF bailout programme expiring this month.
The Guardian - US · Jun 9, 2023 Return of rent control? How some US cities are trying to keep roofs over people’s heads Most renters spend more than a third of their income on rent, leading cities like Boston to introduce measures to stabilize rents – but not without opposition
The Independent UK · Jun 9, 2023 Why Turkey's currency is crashing after Erdogan got reelected Turkish President Recep Tayyip Erdogan appointed an internationally respected former banker as finance and treasury minister after winning reelection
Barchart · Jun 9, 2023 S&P Futures Tick Lower as Chinese Inflation Data Disappoints, Rate Hike Fears Subside June S&P 500 futures (ESM23) are trending down -0.03% this morning after three major U.S. benchmark indices closed higher on Thursday as an unexpected rise in weekly U.S. jobless claims bolstered expectations that the Federal Reserve would hold rates steady next week, while investors also digested weaker-than-expected inflation data from…