UK inflation expected to slow sharply, easing interest rate pressure Economists expect October’s reading to fall almost two points to 4.8%, helped by drop in energy prices The Guardian - UK · Nov 14, 2023
October CPI Report: What the Experts Are Saying About Inflation A softer-than-expected CPI report could mean the Fed is done raising interest rates this cycle. Kiplinger · Nov 14, 2023
Cost-Conscious Consumers are Boosting the Earnings of Discount Retailers With higher interest rates and sticky inflation undercutting the purchasing power of most consumers, value retailers are holding up against a broader spending pullback as anxiety over the economy prompts shoppers to seek discounts and deals. Many of the off-price retailers, such as TJX Cos (TJX ), Ross Stores (ROST... Barchart · Nov 14, 2023
Interest, cost blowouts threaten SA budget surplus High inflation, rising interest rates and cost overruns may wipe out the South Australian government's projected budget surplus, the auditor-general has found. AAP · Nov 14, 2023
Tough housing market is luring buyers without kids and higher incomes A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans. WEKU · Nov 14, 2023
FTSE 100 Live: Flat US inflation powers shares as London blue-chips close up 0.2%, BT cuts pension deficit UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control. Evening Standard · Nov 14, 2023
Inflation likely eased last month thanks to cheaper gas but underlying price pressures may stay high Inflation in the United States likely remained high last month, a trend that if sustained could raise concerns at the Federal Reserve, which is considering whether to raise interest rates again The Independent UK · Nov 14, 2023
CBA posts $2.5b in 1Q24 profit as arrears stay low Australia's biggest bank says there was just a modest increase in late payments in the September quarter, despite the impact of higher interest rates. AAP · Nov 14, 2023
Consumers, businesses still wary about the future Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience. AAP · Nov 14, 2023
Morgan Stanley’s investment chief expects stocks to rise just 2% in all of 2024—but these AI-era picks and defensive plays could help investors outperform “The leading macro data suggests that we're in a late cycle market environment,” Morgan Stanley's Wilson wrote Monday, adding that it's stock pickers' world. Fortune · Nov 13, 2023
3 Insurance Stock Buys for a Profitable November Despite signs of the Fed achieving a soft landing, additional rate hikes could be in the offing. Insurance companies usually benefit from rising interest rates. Amid this backdrop, it could be prudent to buy fundamentally strong insurance stocks Loews (L), MS&AD Insurance Group (MSADY), and The Hartford Financial Services Group… StockNews.com · Nov 13, 2023
Analyzing 3 Insurance Stocks With Buy Potential The Property and Casualty (P&C) insurance industry’s prospects appear promising, thanks to robust demand and rapid digitalization. Moreover, insurance companies benefit from higher interest rates. Thus, quality insurance stocks W.R. Berkley (WRB), CNA Financial (CNA), and Donegal Group (DGICA) could be ideal buys now. Continue reading…. StockNews.com · Nov 13, 2023
Rising interest rates wipe £200m off British Land’s property portfolio Underlying profits, however, up 3.4% to £142m in half year to end of September, driven by higher market rents The Guardian - UK · Nov 13, 2023
Cash Isas back in fashion as interest rates rise to 5%-plus More savers look set to turn to products that allow them to accumulate cash tax-free The Guardian - UK · Nov 11, 2023
StockNews.com · Nov 10, 2023 Top 3 High Yield Bond ETFs Investors Want The stock market will likely remain volatile as it faces a plethora of challenges, including the possibility of the Fed keeping interest rates higher for longer. Amid this backdrop, it could be wise to invest in top high-yield bond ETFs iShares iBoxx $ High Yield Corporate Bond ETF (HYG), iShares…
Caixin Global · Nov 10, 2023 Caixin Summit: Yuan Wins More Overseas Favor as Financing Currency Due to Lower Costs, Economist Says High interest rates in developed economies are driving the broader use of the redback, Standard Chartered economist Becky Liu says
Barchart · Nov 10, 2023 Stock Index Futures Mixed as Powell’s Hawkish Comments Weigh on Sentiment December S&P 500 futures (ESZ23) are up +0.08%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.16% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.
Barchart · Nov 10, 2023 Stock Index Futures Drop as Powell’s Hawkish Comments Weigh on Sentiment December S&P 500 futures (ESZ23) are down -0.14%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.32% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.
Barchart · Nov 10, 2023 S&P Futures Muted as Powell’s Hawkish Comments Weigh on Sentiment December S&P 500 futures (ESZ23) are trending down -0.04% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.
The Guardian - UK · Nov 10, 2023 UK economy continues sideways drift with no sign of uplift Bank of England is unlikely to cut interest rates any time soon and Treasury unlikely to cut taxes due to fear of higher inflation
The Guardian - UK · Nov 10, 2023 UK economy flatlines in third quarter amid high interest rates Zero growth also underlines impact of inflation on consumer spending and business activity
AAP · Nov 10, 2023 House sales fall cancels out Victoria's COVID tax take Stamp duty revenue has taken a $506 million nosedive in Victoria as house sales and prices cooled amid rising interest rates, a state budget update says.
Barchart · Nov 9, 2023 Dollar Gains on Hawkish Comments from Fed Chair Powell The dollar index (DXY00 ) Thursday recovered from early losses and ended the day mildly higher by +0.27%. The dollar found support Thursday on hawkish comments from Fed Chair Powell, who said policymakers were “not confident” they had raised interest rates enough to bring inflation back down to the Fed’s...
Barchart · Nov 9, 2023 Stocks Climb Before the Open as Powell Speech Looms December S&P 500 futures (ESZ23) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.12% this morning as market participants once again looked ahead to remarks from U.S. Federal Reserve Chief Jerome Powell for more clues on interest rates.
Barchart · Nov 9, 2023 Stocks Tread Water Before the Open as Powell Speech Looms December S&P 500 futures (ESZ23) are up +0.10%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.09% this morning as market participants once again looked ahead to remarks from U.S. Federal Reserve Chief Jerome Powell for more clues on interest rates.