Bank of England Governor Andrew Bailey said on Wednesday that he expected Britain’s economy to recover its pre-pandemic level of output early next year, a little later than the central bank had predicted last month. His new forecast reflects signs that Britain’s economic recovery has slowed by more than expected Continue Reading
BoE sees growing case for rate rise as inflation outlook darkens
* BoE forecasts inflation to exceed 4% by end of year * Higher natural gas prices push up 2022 inflation outlook * Two MPC members vote for early end to QE asset purchases * Markets price in 90% chance of first rate rise by Feb * Economists say faltering growth Continue Reading
Global Markets Bounce, Central Banks, Universal Music – What’s Moving Markets
Investing.com — Global markets bounce as signs of central bank reticence to tighten policy appear, while fears of a dramatic and disorderly collapse of a property empire in China ease a little. Universal Music soars on its debut as it’s spun off from Vivendi; housing starts and building permit data Continue Reading
World shares at one-month low, default fears stalk China Evergrande
(Reuters) – World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged Hong Kong stocks towards to a one-year low. European stocks were 1.8% lower, slipping to two-month lows, with energy and Continue Reading
UK shares rise on travel, banking boost; retail sales data eases taper fears
UK shares climbed on Friday, lifted by banks and travel stocks, as concerns about a sooner-than-expected policy tightening by the Bank of England eased after British retail sales fell unexpectedly in August. The blue-chip FTSE 100 index rose 0.6%, with banking shares .FTNMX301010 gaining after a series of brokerage upgrades and Continue Reading
Over 40% of larger UK businesses struggling to recruit
British businesses have reported a sharp rise in recruitment difficulties within the space of just a few weeks – partly as a result of a continued lack of European Union workers, official figures showed on Thursday. Some 41% of companies with 10 or more staff reported greater than usual recruitment Continue Reading
Looking To Invest In Coffee? What About This Piping Hot ETN
Coffee prices hit multi-year highs in 2021. In August, the commodity recorded the 10th consecutive month of surge, mainly due to concerns about weather-related supply constraints and pandemic-triggered freight cost increases. According to the International Coffee Organisation: “The level reached in August 2021 represented an increase of 51.3% since the start Continue Reading
UK financial watchdog says it needs powers over digital assets
LONDON (Reuters) – It will take a great deal of careful thought to craft a regulatory regime for the decentralised world of cryptoassets, Britain’s Financial Conduct Authority said on Monday. There appear to be two cases where regulators should have powers to take action: to reduce harm from cryptoasset promotions, Continue Reading
UK says first green gilt will carry 2033 maturity
Britain’s debt office said on Friday its first green gilt, designed to fund environmental investments, would carry a maturity date of July 31, 2033. The Debt Management Office said the syndicated sale of Britain’s inaugural green gilt would take place in the week commencing Sept. 20. Britain is seeking to Continue Reading
U.S. FDA gives full approval to Pfizer-BioNTech COVID-19 vaccine
The U.S. drug regulator on Monday granted full approval to the Pfizer Inc /BioNTech SE COVID-19 vaccine, making it the first to secure such Food and Drug Administration validation as health authorities struggle to win over vaccine skeptics during a relentless pandemic. The FDA, which gave the two-dose vaccine emergency-use authorization in Continue Reading