Economics Financial News

16.02 / 09:11

economics UK Neil Birrell Premier Miton Investors Retail Sales UK retail sales jump by highest level since spring 2021

According to the report, consumers “spent more for less” in January, as the 3.9% monthly rise in sales values — the amount spent — exceeded the 3.4% rise in sales volumes.

16.02 / 09:11

economics inflation Bank of England UK US Monetary Policy Committee BoE's Greene: UK's 'more constrained' supply side is leading to 'stickier' inflation than the US

Megan Greene (pictured), said that inflation is above target in both countries, however, the issue is of ‘greater concern’ in the UK.

15.02 / 15:35

economics inflation Bank of England UK Recession GDP AJ Bell 'Outcry' for rate and tax cuts would only be a 'short-term fix' to UK growth issues

'What is required from our leaders are some genuine policies to be able to generate sustainable growth, which benefits the wider economy. Failing which, the image of the mammoth stuck in the La Brea Tar Pits creates the perfect analogy.'

15.02 / 09:29

economics UK Recession Quilter Investors Neil Birrell Premier Miton Investors Office for National Statistics UK enters technical recession as economy shrinks 0.3% in Q4 2023

The 0.3% fall in Q4 was fuelled by decreases in all three main sectors: 0.2% in services, 1% in production and 1.3% in construction output, the ONS said.

15.02 / 09:29

economics UK Treasury Chancellor of the Exchequer tax cuts Jeremy Hunt weighs tightening public spending to fund tax cuts - reports

On 14 February, the OBR handed Jeremy Hunt (pictured) its forecast for how much fiscal headroom he will have for the upcoming Budget, this is likely to determine his decision regarding public spending plans.

14.02 / 09:49

economics inflation US Interest rates Bank of America Tech growth Global fund managers most bullish in two years as growth expectations improve

The proportion of investors expecting a weaker economy in the next 12 months decreased to a net 25%, from January’s 40%, the survey found.

14.02 / 09:49

economics inflation UK CPI UK inflation 'More questions than answers' as inflation remains unchanged at 4%

'Headline CPI inflation is running slightly below the BoE’s forecasts over the last few quarters.'

14.02 / 09:49

markets economics inflation Interest rates US inflation monetary policy Neil Birrell Rate Cut Hotter than expected US inflation tempers Fed rate cut expectations

According to the Bureau for Labor Statistics, the US Consumer Price Index fell to an annual rate of 3.1% in January, down from 3.4% in December. However, this figure came in higher than the 2.9% anticipated by economists.

13.02 / 10:58

economics Bank of England UK Interest rates Office for National Statistics Unemployment UK wage growth defies forecasts but slows to lowest level in more than a year

Economists have advised against heavily relying on LFS data, citing persistent concerns about its quality.

12.02 / 16:07

economics Interest rates bonds Credit market pressures ease as soft landing expectations heave into view

Janus Henderson Investors’ latest Credit Risk Monitor tracks corporate fundamental and macroeconomic indicators on a traffic light system to indicate where we are in the credit cycle.

12.02 / 16:07

economics Bank of England UK Interest rates treasury committee Ex-BoE deputy governor calls for lower interest rate on QE programme - reports

Bean said the QE programme has already cost UK taxpayers £38bn over the last 16 months, and is expected to be as high as £200bn.

09.02 / 20:53

economics US Us Treasury bonds Investor demand meets 'relentless supply' of record-breaking US Treasury bond sales

According to the Treasury, this issuance will raise new cash from private investors of approximately $15.9bn

09.02 / 11:06

economics inflation Bank of England UK Interest rates MPC Monetary Policy Committee BoE rate setter Mann: Inflation 'gaps' make achieving 2% target sustainably 'elusive'

Catherine Mann (pictured) said financial conditions had eased 'too much already' since September, in part as markets now 'soon expect' cuts.

26.01 / 14:13

economics UK UK consumer confidence UK consumer confidence hits two-year high as inflation eases

The headline score is the highest since January 2022 and all five measures were up in comparison to December’s figures.

25.01 / 19:43

Europe economics inflation Interest rates European Central Bank Neil Birrell place ECB holds rates for third consecutive meeting as markets place spring cut bets

Certain ECB officials have spent the month resisting market anticipations of interest rate reductions in the spring, emphasising the importance of waiting for first quarter wage data.

25.01 / 19:43

economics Federal Reserve GDP Quilter Investors Global Neil Birrell Premier Miton Investors US economic growth beats forecasts at 3.3% but rate cuts uncertainty lingers

The Fed will likely delay the timing of the first cut further, potentially clashing with the presidential election in November.

23.01 / 09:33

economics UK Treasury Office for National Statistics OBR Government borrowing falls significantly below expectations in December at £7.8bn

The figure halved from December 2022 and was significantly lower than the £14bn forecast by the Office for Budget Responsibility, marking the lowest December borrowing since 2019.

19.01 / 08:49

economics inflation Morningstar UK Office for National Statistics UK retail sales UK retail sales suffer sharpest monthly drop since the pandemic

Non-food store sales volumes fell by 3.9% last month, following a 2.7% increase in November when Black Friday discounts increased sales.

17.01 / 15:24

economics inflation Interest rates ECB European Central Bank Christine Lagarde: European Central Bank likely to cut rates this summer

Markets had fully priced in six ECB reductions at the end of last week, with the first move coming as soon as April.

17.01 / 09:33

Technology economics Interest rates Bank of America Global investors temper bond yield expectations amid record rate cuts optimism

Over two-thirds think the Federal Reserve will be the most important driver of bond yields in 2024.

17.01 / 09:33

economics Asia World Economic Forum GDP analyst China meets 2023 GDP growth target but misses fourth-quarter analyst forecasts

Official statistics also revealed that the property sector, entangled in a three-year debt crisis, continued to face challenges in 2023.

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