By Craig Erlam A day after the Bank of England upgraded growth and inflation forecasts for the UK, economic data confirmed on Friday the country posted growth (just) in the first quarter,
The Bank of England is likely to continue increasing interest rates beyond its current level of 4% as UK inflation jumped unexpectedly in February, a leading financial advisor said, as the central
By Craig Erlam Equity markets are back in the green on Friday after a choppy week in which the recovery rally has stalled. Efforts by Fed policymakers to manage market expectations have
By Craig Erlam Equity markets in Europe were back in the red on Wednesday, while the US looks largely unchanged early on Wall Street. Reports of missile strikes in Poland on Tuesday
By Craig Erlam European stocks posted losses of 1% on Wednesday, paring some of the gains we’ve seen over the last couple of weeks. We’ve clearly seen an improvement in sentiment recently
By Roland Jackson The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level to combat runaway inflation that risks soaring far higher as the Ukraine conflict fuels energy costs.
Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders also tracking interest rate decisions and China’s pledge to support volatile markets. The price of benchmark oil
By Han Tan, Chief Market Analyst at Exinity Group Asian stocks are following Wall Street’s positive lead, while European equity futures are inching higher Wednesday even as their US counterparts remain mixed.