Week Ending 3rd February 2023 DJIA 33,926.01 -127.93 -0.38 NASDAQ 12,006.95 -193.86 -1.59 S&P 500 4,136.48 -43.28 -1.04 *GOLD 1,877.7 -53.1 -2.75 *OIL 73.23 -2.65 -3.49 *FTSE 7,901.8 +81.64 +1.04 *DAX 15,476.43 -32.76 -0.21 *CAC 7,233.94 +67.67 +0.94 *STOXX600 460.77 +1.57 +0.34 *AEX 763.86 +5.25 +0.69 *BEL 20 3,907.65 -4.43 -0.11 *FTSE MIB […]
View PostThe US economy added 263,000 jobs in November, defying aggressive action from the Federal Reserve to cool the economy and bring down decades-high inflation. The unemployment rate held steady at 3.7%, according to the Labor Department, which released the latest monthly jobs snapshot on Friday morning. Economists surveyed by Refinitiv had expected the pace of […]
View PostLower than expected US inflation figures are raising hopes interest rates may not need to be raised as aggressively in the future. Federal Reserve Chairman Jerome Powell Today’s dramatic US inflation figures raise hopes that the Federal Reserve is winning the fight against the monster. Consumer price inflation in October came in at 7.7% on […]
View PostThe US central bank has imposed its fourth major interest rate rise in a row while the Bank of England raised the base rate of interest by 0.75 percentage points to 3% – the single biggest increase in more than three decades. The Federal Reserve, the central bank known as the Fed, has once again […]
View PostGross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country was heading for a recession. The country’s GDP increased by 2.6% between July and September of this year, beating experts’ forecasts and reversing a steep decline of 0.6% in the previous […]
View PostUS inflation dropped to 8.2% over the 12 months to September. The US Bureau of Labor Statistics (BLS) said the consumer price index (CPI), the measure of inflation, was down from 8.3% in the year to August. The raise was driven by the increased cost of shelter, food, and medical care. If food and energy […]
View PostThe upward revision of the second quarter GDP by the Office for National Statistics implies the UK is not in recession, as predicted by the Bank of England earlier this month, but is below its pre-pandemic peak, contrary to earlier estimates it had recovered. Britain’s economy grew by 0.2% in the three months to June, […]
View PostThe European Central Bank (ECB) has hiked its key interest rates by an unprecedented 75 basis points, signalling that further rises are likely. On Thursday afternoon, the bank – which makes monetary policy for the eurozone and the European Union – lifted the deposit rate from zero to 0.75% and the main refinancing rate was […]
View PostThe US hiring boom continued last month, as employers added 528,000 jobs – more than double the number expected. The government data showed a labour market continuing to defy surging inflation and back-to-back quarters of contraction in GDP, which have raised fears of a recession. It marked the 19th consecutive month of payrolls expansion, and […]
View PostThe Bank of England pushes interest rates up by half a percentage point – the sixth rise since December and the biggest rise since 1995. The bank’s Monetary Policy Committee voted 8-1 to increase the base rate to 1.75%, an attempt to prevent the inflationary impact of soaring energy prices being compounded by domestic price […]
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