Money markets indicate that the Federal Reserve will start cutting interest rates in September, following a continued slowdown in US inflation.
Wall Street’s record-breaking rally continues as stocks edge higher
Most U.S. stocks are trending higher this afternoon, pushing Wall Street toward new records.
Banks and BP drag down the Footsie today
London’s FTSE 100 experienced its sharpest decline in nearly a month on Tuesday, led by a downturn in banking stocks and energy giant BP. At the same time, investors showed
FTSE 100 declines as investors remain cautious before upcoming data releases and the election
The FTSE 100 closed lower on Tuesday as investors remained cautious ahead of economic data that could influence expectations for US and UK interest rates. Losses from Burberry also weighed
Traders lower expectations for an interest rate cut in August
Traders are reducing their bets on the Bank of England cutting interest rates in August after services inflation proved more persistent than anticipated.
The Bank of England might reduce interest rates “as early as this month.”
The Bank of England might cut interest rates “as soon as this month” due to declining costs in the services sector, according to a closely monitored survey.
Sterling has surged to its highest level against the euro in nearly two years
On Wednesday morning, the pound reached its strongest position against the euro since August 2022, climbing by as much as 0.3%.
Nasdaq reaches 17,000 as AI boom drives growth
The Nasdaq surged past the 17,000 mark for the first time on Tuesday, driven by a record high from AI favourite Nvidia. Attention is now turning to key inflation data
The FTSE 100 on track for worst run in nine months
The FTSE 100 is on track for its worst run in nine months amid a sell-off of blue-chip utilities and gaming giant Flutter.
US stock markets climb, despite concerns over interest rates.
Today, European and Asian stock markets experienced declines following Wall Street’s losses on Thursday, exacerbated by unexpectedly strong US data that heightened fears the Federal Reserve might not cut interest
Goldman Sachs predicts the Bank of England will lower interest rates in August.
Despite last month’s higher-than-expected inflation rates, major investment banks, including Wall Street’s Goldman Sachs and Paris-based BNP Paribas, forecast that the Bank of England will begin to reduce borrowing costs
The Bank of England is on course to cut interest rates
Ben Broadbent, the Deputy Governor of the Bank of England and the longest-serving member of the Monetary Policy Committee (MPC), indicated that interest rates might be lowered this summer.