Moving markets: Five things shaping the FTSE 100 today January 9, 2024 Asian markets surge amid weaker dollar, gold and oil prices climb, bitcoin surges, United Airlines uncovers loose bolts on multiple 737 max, eyes on U.S. inflation and JPMorgan chase/Citigroup earnings this week
Oil slumps as Saudi Arabia cuts pricing across the board January 8, 2024 The price of oil fell four per cent today as one of the world’s largest-producing countries forecast price cuts across its suite of oil for the coming weeks. U.S benchmark WTI Crude had fallen 4 per cent as of 4pm GMT, while Brent Crude and Murban Crude logged slides of 3. per cent and 4.1 [...]
CFOs are more confident – but the UK’s low productivity is a growing concern January 8, 2024 Finance chiefs at Britain's largest firms have shown increased confidence in the economy as their concern shifts away from inflation and high interest rates to geopolitical risks and the UK's low productivity.
Economy expected to return to growth in November – but risk of recession remains January 8, 2024 Experts pointed to a range of factors behind the likely rebound, including the drop in temperature after an unusually mild October.
Job hunters still set for pay hikes despite ‘looser’ job market: new data January 8, 2024 According to KPMG and REC’s UK report on jobs, the pool of labour continued to "rise sharply" in December thanks to muted hiring activity and increasing redundancies.
Moving markets today: What’s shaping the FTSE 100 this morning January 8, 2024 Moving Markets Today: Asia Stocks Trade in Tight Ranges, U.S. Congress Leaders Finalize $1.66 Trillion Budget; Alaska Airlines Cancels 170 Flights, Corporate Earnings Season Begins Investors in Asian stock markets were cautious as they await inflation data from both the U.S. and China, as well as company earnings. U.S. Congress leaders have agreed on a [...]
Boeing confronts new turbulence as mid-air incident raises alarms January 8, 2024 In the wake of a recent mid-air fuselage breach on a 737 Max, Boeing finds itself under increased scrutiny, triggering concerns about its ability to maintain a delicate equilibrium between accelerated production and product quality. The incident adds pressure at a pivotal moment for Boeing, awaiting approval for new models of its renowned MAX jet. [...]
Bank of England must start thinking about cutting rates, says former chief economist January 7, 2024 While Haldane suggested it "might be premature" to start cutting interest rates immediately, he cautioned against any further rate increases.
US inflation to attract attention after markets make poor start to 2024 January 7, 2024 Market movements will likely be driven by the latest US inflation figures out this week after getting off to a sluggish start in 2024.
Moving markets: Five things shaping the FTSE 100 today January 5, 2024 Moving Markets Today: Asian Equities Mixed, Apple at Eight-Week Low, Oil Prices Rally, Gold Set for Weekly Drop, All Eyes on Eurozone CPI and U.S. NFP Figures Major U.S. indices, including the S&P and Nasdaq, face a three-week decline, while Dow gains traction from financials. Asian markets waver, possibly ending a nine-week global winning streak. [...]
