Inflation fell back to its target rate of 2% in May 2024, the first time it has been there since July 2021. The pound has strengthened, back up by 0.25% this morning against the euro and close, once…
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Dwindling retail sales were taken as a sign of some softness within US consumer markets. Perhaps markets read too much into this with regard to interest rates, but spending levels do at least seem to be trending in…
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The ZEW Economic sentiment index had a mixed message for the German economy. On the one hand, the survey score increased to 47.5, the highest level since February 2022. On the other hand, that was actually under forecasts…
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Sterling has struggled to build on last week’s rapid rises this time around. In fact, the pound could soon come under further pressure, with the Bank of England’s interest rate decision due tomorrow lunchtime.
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After several years of rocketing costs, UK inflation finally fell back down to 2% in May, its lowest level since July 2021. The pound rose this morning on the news, as although May’s figure was well below last…
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Wall Street stocks hit a fresh record high on Monday as Big Tech names made significant gains. The benchmark S&P 500 added 0.8%, Nasdaq added 1%, while Apple added just under 2% and Microsoft rose 1.3%.
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The pound ended Monday marginally lower against the euro and remained largely unchanged against USD.
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In reaction to political uncertainty in France following Macron’s snap election last week, the value of Euronext Paris stocks fell by around $258 bn in a week, putting it behind the London Stock Exchange.
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