interest-rates
BankingBarclays Says Bank of England to Hold Rates in December Meeting
InvestingDollar Set to Cap Wild Week on a High; China Npc Meeting in Focus
BankingBank of England Cuts Rates Again, Sterling Higher
FinanceUK House Prices Hit Record High but Rise by Least in 3 Months, Halifax Says
Bank of England Readies New Rate Cut as Budget Hangs Over Outlook
Date: November 7, 2024
By Andy Bruce LONDON (Reuters) – The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government’s inflation-raising budget. The BoE has had almost a week to...
Australia’s Nab Annual Profit Dips, Signals Inflation Risks Under Trump
Date: November 7, 2024
By Byron Kaye and Roushni Nair SYDNEY (Reuters) -National Australia Bank said annual profit fell in line with forecasts as it shied from margin-crushing competition, and there was a risk inflation could remain stronger for longer from Donald Trump’s upcoming return to the U.S. presidency. Australia’s biggest business lender and its No. 3 retail lender...
FTSE 100 Pulls Back From Early Gains After Trump’s Victory
Date: November 6, 2024
By Nikhil Sharma and Sruthi Shankar (Reuters) -The UK’s benchmark FTSE 100 slipped on Wednesday as losses in shares of homebuilders and precious miners countered an upbeat global market sentiment following Republican Donald Trump’s election as U.S. president. The blue-chip FTSE 100 was down 0.1%, while the FTSE 250 midcap index rose 0.3%. Both indexes...
Commodity Prices Fall After Donald Trump Elected US President
Date: November 6, 2024
By Naveen Thukral, Emily Chow and Nina Chestney SINGAPORE/LONDON (Reuters) -Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth. Trump recaptured the White House by securing more than the 270...
UK Homebuilder Persimmon Flags Cost Concerns After Strong Q3 Sales
Date: November 6, 2024
(Reuters) -British homebuilder Persimmon’s sales rates since the start of the third quarter were well ahead of last year, it said on Wednesday, but flagged concerns about higher costs emerging in price negotiations for 2025. The prospect of rising costs that could offset an improvement in sales across the British building sector is underscored by...
US Stock Futures, Dollar and Bitcoin Surge as Trump Claims Victory
Date: November 6, 2024
By Dhara Ranasinghe and Wayne Cole LONDON (Reuters) -U.S. and European stock futures and the dollar surged on Wednesday, while bitcoin jumped to a record high as Republican Donald Trump claimed victory in the U.S. presidential election. Fox News projected that Trump has won the U.S. presidency, defeating Democrat Kamala Harris and capping a stunning...