interest-rates
TradingAnalysis-Markets Gear up for Two Wild Weeks of Elections and Rate Moves
BankingRussian Central Bank Hikes Benchmark Rate to 21%, Highest Since 2003
BusinessAnalysis-Markets Gear up for Two Wild Weeks of Elections and Rate Moves
BusinessHarley-Davidson Lowers Full-Year Revenue Forecast on Weak Demand
FTSE 100 Closes Higher on Earnings Boost
Date: October 25, 2024
By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings and economic data that bolstered bets of more rate cuts from the Bank of England. The benchmark FTSE 100 closed up 0.13%, while the domestically focused FTSE 250 slipped 0.2%. Unilever gained 2.9% after the consumer goods...
ECB Hawks Push Back Against Bets on More and Bigger Cuts
Date: October 25, 2024
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least keep its options open. The ECB has cut interest rates three times already this year and investors are speculating on bigger and faster...
UK Business Sentiment Drops, Adding Pressure on Reeves Before Budget
Date: October 24, 2024
By Suban Abdulla LONDON (Reuters) -Optimism among British firms has sunk, according to two surveys published on Thursday, six days before finance minister Rachel Reeves tries to chart a way between raising taxes and boosting growth in the new government’s first budget. The preliminary S&P Global Flash Composite Purchasing Managers’ Index for October showed confidence...
Britain’s John Lewis Optimistic on Christmas Trading Outlook
Date: October 24, 2024
By James Davey LONDON (Reuters) -British department store retailer John Lewis is “quietly optimistic” about trading in the run-up to Christmas despite the prospect of the new Labour government announcing tax rises in next week’s budget, its boss said on Thursday. The John Lewis department store business is part of the employee-owned John Lewis Partnership...
Bank of England’s Mann Says Fall in Inflation Pressure Has Long Way to Go
Date: October 24, 2024
WASHINGTON (Reuters) -Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had “a long way to go” for the central bank to hit its 2% inflation target over the medium term. “Our headline price print … was lower than projected in...
Denmark’s Central Bank Cuts Key Interest Rate to 2.85%, Mirroring ECB
Date: October 18, 2024
COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thursday as expected, following the European Central Bank’s decision earlier in the day to reduce euro zone rates. The interest rate reduction is a consequence of the reduction by the European Central Bank of its...