Economists said the Bank of England is in a tough spot, having to weigh decade-high inflation against the new Omicron coronavirus variant.
US stock futures fell on Tuesday as investors waited to see what would unfold from the two-day Federal Reserve meeting.
US stock futures marked modest gains Friday as investors anticipated the inflation data that is coming out today.
With COVID-19 cases exploding across Europe, the euro traded at its lowest in 17 months against the dollar, which got a boost from a hawkish Fed.
Americans hit the shops in October, driving retail sales to a new record despite inflation at 31-year highs, which fueled investor optimism.
Having absorbed the initial shock over US inflation running at 31-year highs, stocks traded cautiously higher, while the strong dollar weighed on oil.
Strong tech earnings offset the effect of a surge in bond yields to March 2020 highs, as investors rapidly priced in rate rises to beat inflation.
Inflation shot well above the Bank of England's target of 2% in August as the economy reopened.
Many Fed officials signalled on Wednesday that central bank asset purchase tapering will get underway this year, backed up by a monster jobs report.
Concerns about slowing growth in major economies China and the US were weighing on markets, as investors monitor rising geopolitical tensions around Afghanistan.
Car production plunged as the global microchip shortage disrupted manufacturing, weighing on UK GDP growth in May.
Clothes and meals out became more expensive as the economy reopened, pushing inflation above the Bank of England's target.
Inflation concerns eased as commodities including copper, lumber and nickel fell and investors waited for the Federal Reserve's next meeting.
Investors are weighing up what Friday's US jobs data mean for the Federal Reserve ahead of a key read of consumer inflation.
Oil prices sank as COVID-19 cases continued to rise and cause worry about economic recovery. US indices recovered from the shaky start to the week.
Burberry says its full-year performance will exceed expectations as the company experiences a strong rebound. Share price rose by as much as 10%.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.
European stocks jumped and US futures rose, although US markets are closed. WTI oil rose past $US60 for the first time since January 2020 as demand bounces back. Bitcoin fell from a record high of close to $US50,000 after surging the previous week. Sign up here for our daily newsletter, […]
The Bank of England cut its 2021 growth forecast for the UK economy. It held interest rates at 0.1% and bond-buying at £895 billion ($US1.22 trillion). The Bank said coronavirus vaccines will boost the economy further out. Sign up here for our daily newsletter, 10 Things Before the Opening Bell […]
There are no black execs holding top positions at FTSE 100 firms, said staffing firm Green Park. There is “no shortage of qualified candidates,” said Green Park Chair Trevor Phillips. Only 3.4% of leadership came from ethnic minority backgrounds, the London-based company added. Visit the Business section of Insider for […]
UK unemployment rate rises to 5%, the highest level since early 2016. Britain’s furlough scheme has kept joblessness below other countries. The UK is still battling coronavirus but has rolled out vaccines quickly. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . The UK unemployment […]
The FTSE 100 rose more than 6% last week, far outstripping the US’s S&P 500 and Germany’s Dax. The UK’s main index has been boosted by coronavirus vaccines, the Brexit trade deal, and expectations of Democratic stimulus in the US. But the lack of a financial services Brexit deal and […]
Global shares rose, buoyed by investor hopes that a successful COVID-19 vaccine rollout would cement economic recovery this year. The dollar fell to its lowest in almost three years against other major currencies, including the Chinese yuan, which sent gold to two-month highs and propped up oil, while Bitcoin traded […]
Equities rise, lifted by relief over relaxation of rules on UK arrivals in France, which has boosted the pound. President Donald Trump has criticised the $US900 billion bipartisan stimulus bill that took months to pass, stoking concern he may hold it up. A decline in the dollar helped gold and […]
European shares edged up ahead of a European Central Bank meeting that is expected to yield more monetary policy support for the eurozone, while Brexit talks kept the pound under pressure. The FTSE 100 got a lift from a weaker currency, despite data that showed the UK economy almost ground […]
Global equity markets rallied after Chinese data showed factory activity boomed at a 10-year high in November, while progress in the rollout of a COVID-19 vaccine underpinned that optimism. US stock futures pointed to a higher start on Wall Street later, while cryptocurrencies rallied for a fourth day. “Vaccine optimism, […]
European shares eased, but would still likely post their biggest monthly increase on record in November, buoyed by optimism over the economic outlook from the rollout of a COVID-19 vaccine. Market-based signs of investor nervousness, including falling government bond yields and a rise in volatility, pointed to a degree of […]
European shares rose but caution prevailed after hitch in AstraZeneca’s COVID-19 vaccine trial. Bitcoin hits profit-taking after massive rally this week – a fall below $US16,000 risks “FOMO destruction,” one analyst said. Oil eases below this week’s high as wariness over the demand outlook resurfaces. Visit Business Insider’s homepage for […]
Global shares have tumbled, as the spread of COVID-19 threatens economic recovery and offsets optimism over the rollout of a vaccine. Oil futures dropped after data shows a steep decline in US energy use in the latest week, as lockdowns and restrictions on movement came into force. Government bond yields […]
Global equities ease from this week’s record highs, after US data shows Americans barely hit stores last month, igniting concern over the threat of COVID-19 to the economy. COVID-19 cases in Europe continue to surge, with infections in France passing 2 million and the UK recording the biggest daily increase […]
Global shares edge higher, but the momentum of this week’s rally began to fade, as COVID-19 infection rates forced new restrictions across the US. US stock futures rose around 0.8%, pointing to a stronger start to trade later in the day, while oil surrendered some of this week’s gains. Basic […]
US stock futures pointed to a 1% rally at the start of trade on Wall Street, while the dollar fell broadly, as investors pared back some of the positions established over the last week ahead of Tuesday’s presidential election. In Europe, basic resources stocks, oil and banks gained, despite another […]
European shares edge up, boosted in part by upbeat earnings from Swiss lender UBS, but rising Covid-19 cases and upcoming deadline on US stimulus vote keep gains in check. European-based market gauges of volatility rise, reflecting greater investor nervousness. Brexit negotiations, new lockdowns in parts of the UK, in Ireland […]
Apple’s stock price has ballooned so much in recent weeks that it is on track to be worth more than the entirety of the UK’s benchmark share index, the FTSE 100. The tech giant became the first US-listed company to reach the $US2 trillion mark this week. According to data […]
Laura Kane, UBS head of investment themes Americas told Bloomberg on Tuesday that US investors wanting to position themselves well as the dollar weakens should look to global equities. Kane said “one of our preferred markets is the UK” because the companies are attractively valued. This is a contrast to […]
Analysts at Citi have proposed three strategies to profit from the selloff of UK stocks since the Brexit vote They identify cheap domestic stocks, cheap commodity stocks, and ‘potential de-equitizers’ as the building blocks of an attractive UK portfolio. Brexit uncertainty has led investors to shy away from British stocks. […]
Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks. Moves so far are small, with Europe’s biggest faller on the day losing just 0.3% as of 9.15 a.m. in London […]
The pound is hovering at about $US1.26 as government uncertainty clashes with optimism about a Brexit delay. HSBC, Barclays and RBS have unexpectedly risen. Credit default swaps on UK government debt spiked. As members from her own party try to oust her, May said on Wednesday that she will contest […]
Global markets look to bounce back as European indexes gain ground, and US futures point to a positive open. Dow Jones and S&P 500 futures are suggesting a 0.7% gain for both respective indexes, while the Nasdaq is set to bounce more than 1.2%. Italy’s FTSE MIB leads the way […]
Aston Martin plans to launch IPO in London later this year, and is expected to be valued at £5 billion. The luxury British car maker saw half-year profits reach record levels after seven consecutive profitable quarters. The public listing of over 25% shares could see it enter the FTSE 100. […]
A no-deal Brexit is rising in likelihood as the UK’s March 2019 deadline approaches. No deal would be hugely disruptive for financial markets. It would likely send the British pound plummeting, UK stocks surging, and force the Bank of England into drastic action. As the day of Brexit draws ever […]
Chief Executive pay at Britain’s largest companies grew six times faster than the wider workforce from 2016 to 2017, a review by The High Pay Centre has found. Median pay of bosses rose 11% to £3.9 million while the salaries of employees struggled to keep up with inflation, the study […]
Unilever has announced a likely exit from London’s FTSE 100 index, following its HQ consolidation in the Netherlands The Dutch consumer goods giant announced plans to relocate its headquarters entirely to the city of Rotterdam earlier in the year. Consumer goods company, Unilever, has said it is “extremely” unlikely that […]
A government report into gender balance at boardroom level reveals some shocking excuses for a lack of diversity. Preview of the long-awaited Hampton-Alexander Review into boardroom diversity sheds light on lack of female board members. Excuses included that: “All the ‘good’ women have already been snapped up.” “We have one […]
European stocks sold-off in early trade on Tuesday morning. Stocks followed the lead of the US markets, where all three major indices fell more than 3% on Monday. Falls were driven by President Trump’s anti-tech agenda, and continued fears of a trade war between the US and China. European markets […]
European stocks appreciate sharply as trade war fears subside. Europe’s gains follow a huge session in the USA on Monday, when the Dow Jones saw the third biggest single day gain in points terms in its history. Markets have moved “from extreme pessimism to wild optimism,” according to one strategist. […]
Global market slide spreads to Europe after Trump announces metal tariff plans. Stocks fall further mid-morning after the president tweets that “trade wars are good.” On Thursday, Trump promised new tariffs of 25% for steel and 10% for aluminium. The news caused US stocks to tumble, and the sell-off has […]
Persimmon chief Jeff Fairburn says has said he never wanted his £110 million bonus and announced plans to give away a “substantial” amount of the money to charity. “I would like to make it clear that I did not seek these levels of award nor do I consider it right […]
FTSE 100, DAX, and the Euro Stoxx 50 are all up over 1% on Monday morning. Futures markets are also predicting a positive open in the US. Bounceback follows a sell-off in global markets last week. LONDON – European stock markets started the week on the front foot, rallying strongly […]
Global market sell-off resumed in the USA on Thursday, with US stocks entering a technical correction. That sell-off moved to Asia overnight, with China’s benchmark Shanghai Composite falling 4%. Early on Friday, European stocks avoided the sell-off, but as the day progressed losses increased. LONDON – European equities are seeing […]
European stocks trade in positive territory on Wednesday after big falls on Tuesday. The European market has been boosted by a recovery in the USA, where all major indexes closed higher on Tuesday evening. Global stock market sell-off appears to have paused. LONDON – European stock markets have bounced back […]
Wall Street’s Monday crash has spread to Europe. Germany’s DAX, France’s CAC 40, and the broad Euro Stoxx 50 index all lost more than 3% of their value before paring their losses a little by the close. US stocks swung wildly in early trading: the Dow Jones fell more than […]
European stocks sold off on Monday, with major markets losing more than 1%. Falls follow a major drop in the USA on Friday after the best wage growth numbers since 2009 sparked fears of higher than expected inflation. The sell-off also impacted Asia, with Japan’s Nikkei down 2.5% on Monday. […]
Compass Chairman Paul Walsh expressed his sympathies on Tuesday after CEO Richard Cousins died in a seaplane crash on New Year’s Eve. Cousins was due to retire from the catering firm in March. An investigation has been begun into the crash, which was described by Australian police as a “tragic […]
FTSE 100 closes up 0.9% at 7,696.05, according to Markets Insider. FTSE 250 also at a record high, but other European indices lag on the day. European stocks on track for best year since 2013, $US9 trillion added to stock markets globally in 2017. LONDON – The FTSE 100 closed […]
Investor confidence for 2017 is the worst on record, according to Hargreaves Lansdown’s Investor Confidence Index. Confidence for the year is worse than the average for 2008, during the financial crisis, as a result of Brexit, the snap election and memories of the 2008 crisis. Following months of political uncertainty, […]
LONDON -- The FTSE 100 hit a record high...
LONDON -- Markets are seemingly...
LONDON -- British stocks remain attractive...
LONDON -- Today is one of the biggest...
LONDON -- Shares in housebuilder Persimmon...
LONDON -- Stocks across Europe popped on...
LONDON -- Global stock markets are reeling...
LONDON -- Analysis of the global stock...
LONDON -- British stocks had a strong...
European markets were up at market open on...
European markets slipped on Thursday morning in...
LONDON -- British stocks are slipping a little...
LONDON -- The FTSE is rallying due to a weak...
LONDON -- European futures are flat on Friday...
LONDON -- The FTSE 100 opened slightly down on...
LONDON -- Online supermarket Ocado's share...
LONDON -- Britain's benchmark share index, the...
LONDON -- Britain's benchmark share index, the...
LONDON -- European stocks are broadly flat on...
The FTSE 100 lost a little ground on Tuesday...
LONDON -- Britain's benchmark share index, the...
LONDON -- Ahead of June's general election...
LONDON -- Britain's benchmark FTSE 100 share...
Four years ago, while at York University...
European stocks are lower on Thursday as...
LONDON -- Britain's benchmark FTSE 100 opened...
LONDON -- Britain's benchmark FTSE 100 is...
LONDON -- Britain's benchmark share index, the...
LONDON -- Britain's FTSE 100 is having its...
LONDON -- All but one of Europe's major...
LONDON -- European stocks had a negative start...
LONDON -- Stocks around Europe are dipping on...
LONDON -- European stocks are dropping at the...
LONDON -- Stocks in Europe are sluggish for...
LONDON -- European stocks hardly moved on...
LONDON -- The FTSE 100 has opened slightly...
LONDON -- With the triggering of Article 50...
LONDON -- Britain's benchmark share index, the...
LONDON -- Stock and currency markets had a...
LONDON -- Shares in HSBC, Europe's...
LONDON -- BT shares helped buoy the FTSE...
LONDON -- BT shares are at the top of the FTSE...
LONDON -- Shares in both Standard Life and...
European stocks are bouncing on Wednesday after...
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