Economics Financial News

19.09 / 10:41

markets economics inflation Interest rates growth GDP OECD: Global economy 'more resilient than expected' but growth outlook 'remains weak'

Global GDP growth for 2024 is forecast to be 2.7%, compared with 3% in 2023, according to the OECD’s estimates.

18.09 / 14:47

economics Federal Reserve industry Us Treasury hedge funds Financial Stability Board Central bank body warns hedge fund bets risk dislocating US Treasury market

According to the BIS, leveraged funds have built up net short positions in US Treasury future of around $600m in recent months.

18.09 / 11:43

economics Bloomberg UK Mortgages reports UK investors UK investors back a future Labour government - reports

Around two-thirds of City professionals would back Keir Starmer as the UK’s next prime minister | Credit: Keir Starmer, Twitter

14.09 / 14:45

Europe economics inflation Interest rates ECB Macroeconomics Global end ECB approaches end of hiking cycle with 25bps rise

Markets were split over whether the ECB would hike rates due to a lack of forward guidance.

13.09 / 14:19

economics inflation US Macroeconomics Global US inflation jumps to 3.7% in August due to gasoline price spike

The rising price of gasoline accounted for over half the bump to inflation, increasing 10.6% throughout the month.

13.09 / 08:01

economics Bank of England UK Macroeconomics GDP Neil Birrell Office for National Statistics UK GDP sags by 0.5% in July as recession looms 'around the corner'

Production output fell by 0.7% in July after growth of 1.8% in June, largely due to a 0.8% drop in the manufacturing sector.

13.09 / 07:37

Europe economics inflation Recession BofA Macroeconomics BofA: European recession fears decline among managers despite growth pessimism

A net 32% of managers thought the European economy will go into a recession over the next 12 months.

13.09 / 07:37

economics Bank of England UK Macroeconomics GDP Neil Birrell Office for National Statistics UK GDP sags by 0.5% in July as recession may be 'around the corner'

Production output fell by 0.7% in July after growth of 1.8% in June, largely due to a 0.8% drop in the manufacturing sector.

12.09 / 10:55

economics Bank of England UK ONS UK inflation Office for National Statistics Unemployment Rate UK unemployment rate edges up as wage growth catches up with inflation

The rise in the unemployment rate was in line with market expectations.

12.09 / 09:11

economics Bank of England Monetary Policy Committee Uk interest rates Bank of England rate setter Catherine Mann: UK interest rates need to be raised further

Catherine Mann said she would “rather err on the side of over-tightening”.

11.09 / 08:13

economics inflation Interest rates Investment trusts Macroeconomics Financial Ruffer: 'Gravity' set to reassert itself on financial markets as recession looms

Duncan MacIness (pictured) co-manages the Ruffer Investment Company alongside Jasmine Yeo.

08.09 / 10:39

economics Climate change Survey inflation Bank of England UK CPI fall UK business leaders forecast inflation to fall over next 12 months

Despite positive outlooks for inflation and wage growth, climate change was the biggest cause of uncertainty for UK businesses.

07.09 / 12:25

economics inflation Bank of England UK Monetary Policy Committee Bank of England's Andrew Bailey: 'We are much nearer the top' of the hiking cycle

Andrew Bailey (pictured) is governor of the Bank of England. Credit: Bank of England

07.09 / 08:41

economics Bank of England UK Macroeconomics GDP ONS Regulator to review ONS GDP estimate process following surprise revision

'We will extend our review to cover similar issues relating to a wider set of national accounts measures as appropriate,' the OSR said.

06.09 / 11:27

economics inflation UK Interest rates Time UK PMI dips for first time since January

PMI slipped to 49.5 in August, down from 51.5 in July, with S&P attributing increasingly higher interest rates and reduced consumer and corporate demand to the drop.

05.09 / 15:31

G20 economics Bank of England US Federal Reserve European Central Bank Financial Stability Board Global reports Warning Financial Global financial watchdog issues stark warning over further shocks - reports

'There will certainly be further challenges and shocks facing the global financial system in the months and years to come.'

04.09 / 08:13

economics Federal Reserve US Fed Global US unemployment ticks up in August to 3.8%

Average hourly wages rose 0.2% from July and 4.3% on an annual basis, decreasing slightly but remaining above the levels needed to hit the Fed’s 2% inflation target.

01.09 / 13:41

economics inflation Bank of England UK Bank of America BofA Bank of America forecasts no rate cuts for UK until 2025 due to 'entrenched inflation'

BofA forecast the Bank of England will opt for a 25bps hike in September to 5.5%.

01.09 / 13:41

economics Asia PBoC AJ Bell boost Support Chinese authorities issue new currency support to boost growth

The renminbi has continued to slide against the dollar throughout the year as the country’s expected economic recover has been weaker than first forecast.

31.08 / 12:45

economics Federal Reserve inflation Bank of England UK Interest rates Monetary Policy Committee Huw Pill: BoE must 'see the job through' against inflation

‘The key element is that we on the MPC need to see the job through and ensure a lasting and sustainable return of inflation to the 2% target,’ Pill said. Credit: Bank of England

30.08 / 15:51

economics US Fed Jerome Powell GDP Global 'Weaker than expected' US GDP grows 2.1% in second quarter of 2023

'Perhaps the surprisingly resilient US economy is finally showing signs of slowing after a long rate hiking cycle.'

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