Ruble drops, stocks mostly retreat after aborted uprising in Russia
The ruble reached a 14-month low against the dollar on Monday while US and European markets mostly retreated after a short-lived mutiny in Russia stoked concerns about the nuclear-armed country's stability.
Retail sales in the UK surpass expectations with 0.3% growth in May
UK retail sales experienced an unexpected increase of 0.3% in May, as experts identify King's coronation and warmer weather as possible reasons.
UK consumer spending patterns revealed in recent report by Barclays
Inflation forces Brits to reduce discretionary purchases as consumer card spending grows in March. However, pubs and clubs flourished during the coronation weekend.
UK interest rates raised for 12th time in a row to highest level for almost 15 years
UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.
Oil dips 2% on economic woes and stronger dollar
Oil dropped 2% on Tuesday after two sessions of gains as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand and lower U.S.
Wall Street tumbles, treasury yields slide as recession fears mount
U.S. stocks turned sharply lower and benchmark Treasury yields dropped on Tuesday as disappointing earnings and soft economic data stoked recession fears, sending investors fleeing riskier assets for safe havens.
UK economy shows signs of recovery despite inflation's drag
British businesses reported their busiest month in a year and consumers turned more confident.
UK consumer confidence highest since Feb 2022 as 'green shoots' emerge: GfK
British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and the health of the wider economy, market research firm GfK said on Friday.
Tech sector faces recruiting struggles amidst skills shortage crisis after global layoffs
The tech sector was forced to reorganise twice, at first due to higher demand and then because of inflation, leaving over 55,000 unfilled positions.
How is the UK's rising inflation impacting the cost of living crisis?
The Office for National Statistics reported that the "prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to February 2023."
UK household debt surpasses £2 trillion amid soaring cost of living
Household debt exceeds £2 trillion for the first time in UK history. As consumers struggle with the skyrocketing costs of living, financial literacy hits rock bottom.
UK inflation sucker-punches the BoE, while sterling bulls cheer
Bank of England policymakers will not have looked at Wednesday's inflation data with the same enthusiasm as sterling traders, who took advantage of a shock jump to push the pound up, confident that a rate hike this week is now a done deal.
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances
Talks over rescuing Credit Suisse rolled into Sunday as UBS AG sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a person with knowledge of the talks said.
British labour market, and pay growth, slow in February - REC
Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.
UK consumers bought more in Jan but overall gloom persists
British consumers unexpectedly increased their shopping in January, but the big picture remains one of weak demand from inflation-hit households relying more on discounts at retailers to make ends meet.
Dollar eases as investors price out 'Armageddon recession' risk
The dollar eased on Thursday as investors scooped up higher-risk currencies after a run of strong U.S.
Analysis-The deep freeze over UK assets is thawing
Britain's stocks and bonds are drawing strong buying interest, not quite a vote of confidence in the economy but a reassuring sign for policymakers that a deep investment freeze in British markets prompted by last year's upheaval has thawed.
Tech stocks lead losses in Europe on rate decision jitters
European shares fell on Monday, as cautious investors anticipated a slew of interest rate hikes by prominent central banks this week, with shares of rate-sensitive sectors including technology among the major laggards.
What is the Bank of England looking at before rate decision?
The Bank of England must decide next week how much higher it will raise borrowing costs as it tries to bear down on Britain's double-digit inflation rate without adding too much stress to an economy already close to recession.
UK consumer mood slides back to near 50-year low - GfK
British consumer sentiment fell for the first time in three months in January, returning near to historic lows as concerns about the economy and the soaring cost of living tightened the squeeze on household finances, research showed on Friday.
Stocks mostly up before key US inflation data
Global stock markets mostly rose Thursday before data that is widely expected to show another softening of US consumer inflation, giving the Federal Reserve room to slow its interest rate hikes.
Global stock rally fades as recession worries linger
A short-lived bounce for global stocks faded on Thursday, as easing U.S. inflation expectations were overshadowed by fears about an economic downturn.
European shares rise on financials, energy boost amid festive cheer
European shares rose for a second straight session on Thursday, boosted by financial and energy stocks, as investors cheered improving consumer sentiment in the United States after inflation expectations eased.
UK downturn moderates in December but recession begins
The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to contract this quarter, marking a recession, a survey showed on Friday.
Analysis-No Santa rally for markets as central banks dampen peak rate hopes
Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation is far from over.
Bargains begin luring big banks back to China bets for 2023
As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets.
Dollar plunges as U.S. inflation data spurs exodus from crowded trade
Investors are stampeding away from the dollar, as softer-than-expected U.S.
Japan's Sept factory output posts first fall in 4 months
Japan's factory output fell in September for the first time in four months as manufacturers took a hit from rising costs for raw materials and the global economic slowdown.
Barclays beats forecast on trading boom, but bad loan charges rise
Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges.
Euro back above dollar parity on US economic strains
The euro on Wednesday surged back above parity with the dollar, with the US currency sliding against its main rivals on concerns over the world's biggest economy.