2023 Showed Lower Volatility for the Pound Sterling; But Will 2024 Be the Same?
Ever since the announcement of the Brexit result, the pound has never been the same. It wasn't just the instant drop off in its value
Global Stocks Mostly Up Despite Tepid Consumer Confidence Data
Global equities mostly rose Tuesday despite lackluster consumer confidence data in the United States and Germany, as the tech-linked Nasdaq pushed higher.
China New Year Holiday Spending Surges Past Pre-pandemic Levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Holiday-hit Asian Markets Mixed, Wall St Record Fails To Inspire
Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
US Indices Finish At Fresh Records As ECB Pauses Rates Again
Wall Street indices finished at fresh records Thursday on the back of strong US economic growth data while European stocks edged higher despite the European Central Bank signaling it was too soon to start considering interest rate cuts.
Hong Kong Leads Asian Market Rally On China Support Hopes
Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
Asian Markets Track Wall St Higher After Tech Surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.
UK Wage Growth Continues To Slow And Threaten Labour Market
The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.
Oil Prices Slump But Stock Markets Mostly Higher
Oil prices on Monday slumped following a sharp price cut by Saudi Aramco while Wall Street stocks rocketed higher, rebounding after a sluggish start to 2024.
US Stocks Extend Rally, Yen Retreats Against Dollar
Wall Street stocks rose Monday ahead of a deluge of key economic news, extending a rally while the yen retreated from a recent advance.
Oil Prices Rebound On Mixed Day For US Stocks
Wall Street stocks rebounded Tuesday behind solid retail data and reassuring comments from Federal Reserve officials, while oil prices rose and the dollar slid.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
Global Stocks Fall After Fed Keeps Rate Hike Threat Alive
US stock markets fell Thursday after Federal Reserve chair Jerome Powell warned inflation is "still too high" despite a recent slowdown, leaving the door open for another interest rate hike if needed.
UK Housing Market Faces 5.3% Yearly Decline as Interest Rates Squeeze Prices
According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.
Stocks Knocked By Growing US Rate Worries
Global stock markets fell Tuesday as investors fixated on the risk US interest rates will be kept elevated for a prolonged period, denting growth.
Global stocks extend gains as US data reassures
Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.
Small businesses face declining confidence in Q2 2023 during economic challenges
Small businesses faced a setback in the second quarter of 2023 as the FSB's SBI headline confidence indicator dropped sharply from -2.8 points in Q1 to -14.2 points.
Revolution of consumer behaviour: Exploring the transition of consumers to mobile shopping
With the rise of mobile shopping and the profound impact of the pandemic on consumer behaviour, retailers are investing heavily in their online presence.
Family optimism reaches two-year high amid easing inflation and anticipation of summer vacations
According to the M&S Family Matters Index, family optimism in the UK is at its highest in two years as 45 per cent of the population have high hopes about their future.
UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
A fuel finder scheme could help drivers find the cheapest fuel along Britain's motorways
The CMA studied the road fuel market in depth to realise that the competition in retail has weakened since 2019, leading to them proposing a fuel finder scheme that helps consumers compare fuel prices.
Stocks climb, dollar sinks as Fed seen ending rate hikes
World stock markets rallied Thursday and the euro hit a 17-month dollar peak, after easing US inflation stoked hopes the Federal Reserve's long-running campaign of interest rate hikes could be near an end.
Stock markets rise on China support, pound rallies
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.
UK retail sales in June show modest growth, falling behind inflation rates
Retail sales saw a slight improvement in June, with like-for-like (LFL) sales increasing by only 1.9 per cent, according to the latest data from BDO LLP.
Stocks diverge as US rally loses steam
Stock markets diverged Wednesday as a rally fueled by upbeat US economic data ran out of steam, but the dollar got a boost on rate hike comments.
Stocks push higher as investors track China, US data
Global stocks advanced Tuesday as China's growth reassurances and solid economic data in the United States helped reduce recession worries.