by Jonathan Cook | Jun 19, 2024
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 month’s 2.3%, it did not dip down below the key 2%...
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by Julian Benson | Jun 18, 2024
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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by Julian Benson | Jun 18, 2024
The pound ended Monday marginally lower against the euro and remained largely unchanged against USD. Wages in the euro area grew by 5.3% year-on-year in the first quarter of 2024 following an upwardly revised 3.2% increase in the previous period. This marked the...
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by Julian Benson | Jun 18, 2024
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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by Julian Benson | Jun 18, 2024
The Bank of England is expected to hold interest rates in its June meeting, however, investors believe there is still time for inflation to rock the boat, should tomorrow’s inflation reading not match expectations. Headline inflation is currently at 2.3% and markets...
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