BoE raises Bank Rate by 25bps to 1.00% as widely expected. The decision was made by 6-3 vote, with three members voted for 50bps hike, including Jonathan Haskel, Catherine Mann and Michael Saunders. In the Read more…
Wall Street looks set for a weaker open Thursday as yesterday’s Fed-induced rally flames out and investors focus on jobs and growth prospects amid the central bank’s inflation fight. U.S. equity moved lower Thursday, easing Read more…
The MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 4 May 2022, the MPC voted by a Read more…
ECB Chief Economist Philip Lane said in a speech, “in thinking about the normalization process, gradualism is an important consideration.” There are two basic reasons that make the timeline of completing normalization “intrinsically uncertain”. Firstly, Read more…
Last night the US Fed raised its rate by 50 bp and announced the looming start of asset sales from its balance sheet. The market expected these things, but the details and forecasts were a Read more…
Elon Musk looks to have won over Saudi Prince Alwaleed Bin Talal, while bringing on board a series of new equity investors, in his $44 billion pursuit of Twitter. Updated at 6:48 am EST Twitter Read more…
Oil prices leap on EU oil ban Oil prices leapt higher overnight as markets digested the impact of the proposed EU ban on Russian oil imports. Additionally, the OPEC+ JTC is indicating that there will Read more…
Cable edges lower on Thursday, reversing a good part of post-Fed rally, after the US central bank disappointed many who expected more aggressive action and remaining within a consolidation range, which extends into sixth consecutive Read more…
Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation ‘hardship’ as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares Read more…
The dollar regained traction in early Thursday’s trading after post-Fed’s 0.9% drop was contained by rising 10DMA, signaling that weakness is likely to be short-lived and dips to offer better buying opportunities for robust dollar. Read more…