BoE raises Bank Rate by 50bps to 1.75% by 8-1 vote. Known dove Silvana Tenreyro voted for just 25bps hike. In the accompanying statement, BoE said the MPC will “take the actions necessary to return Read more…
From clothing in Columbia to fashion in Finland, these are the businesses that most attract entrepreneurs in more than 150 countries. Small businesses all around the world are what make the world go around. In Read more…
Monetary Policy Summary, August 2022 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…
Stocks edge higher as investors assess additional earnings reports and await key economic numbers that will provide further clarity on the direction of the economy. U.S. stock-index futures were moderately higher on Thursday ahead of Read more…
Stocks waver ahead of key economic data; Walmart cuts corporate positions, Lucid shares plunge on production woes, and Tesla shareholders gather to vote on 3-for-1 stock split Here are five things you must know for Read more…
In ECB’s Consumer Expectations Survey, consumers’ mean perceived inflation over the past 12 months increased markedly from May’s 8.2% to June’s 8.6%. Median inflation perceptions over the previous 12 months rose from 6.6% to 7.2%. Read more…
UK PMI Construction dropped from 52.6 to 48.9 in July, below expectation of 52.1. That’s the first contraction reading since January 2021, and worst since May 2020. Tim Moore, Economics Director at S&P Global Market Read more…
WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. Although a further decline had been rejected multiple times by the 200-day simple moving average Read more…
AUDUSD is tipping upwards again after setting a foothold around the 20-day simple moving average (SMA) at 0.6880 earlier this week. Likewise, the RSI has avoided a drop below its 50 neutral mark, rotating northwards Read more…
The headline number of job gains so far this year has left policymakers quite happy. But a look under the surface shows some troubling signs. And they are expected to be exacerbated by the data Read more…