The last week or so has been rough for the US stock exchange with key stocks like The Dow and S&P 500 reporting daily losses. Yesterday, The Dow lost more than 100 points while Nasdaq and S&P 500…
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Following better-than-expected inflation data from France and Spain yesterday morning, European equities saw a decline as the data increased investor uncertainty over the pace of interest rate rises from European central banks.
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Activity has remained quite steady this week with gains from the pound against the US dollar and euro. UK growth is expected to be lower than the eurozone, which could keep the BofE from tightening much further.
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The pound received a nice boost against other major currencies yesterday following the Windsor Framework agreement made by prime minister Rishi Sunak on Monday.
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Sterling enjoyed a brief flurry against most other currencies yesterday when the news of the ‘Windsor Framework’ came through. Although yesterday’s boost didn’t last long or amount to very much, it’s easy to forget how far we’ve come.…
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On Monday, Federal Reserve Governor Philip Jefferson delivered a speech on ways to measure and characterize recent inflation in the US, as well as the dual mandate yesterday at an online event hosted by Harvard University.
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Germany’s annual inflation rate was confirmed at 8.7% in January, higher than a downwardly revised 8.1% in December. This was largely pushed by a rise in energy prices.
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Key releases for the first half of this week have been dominated by various sectors of Britain’s housing market. In addition to mortgage lending and BoE consumer credit data, mortgage approvals and Nationwide housing prices data will be…
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