Week Ending 23rd September 2021 A selloff in the riskier corners of the market deepened as the UK’s plan to lift its economy fueled concerns about heightened inflation that could lead to higher rates, adding to fears of a global recession. It was a sea of red across equity trading desks, with the S&P 500 […]

The 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 […]

The 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 […]

The 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 […]

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. Apple, the world’s largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%. The […]

The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone. The ECB, the central bank of the 19 nations that share the euro currency, surprised markets by pushing its benchmark rate up by 50 basis points, bringing its […]

Amazon says it will create more than 4,000 new permanent jobs in the UK this year. The company said this would bring its permanent workforce to 75,000. The roles will be spread across the UK and include work at new fulfilment centres, where employees pack and ship customer orders, in Wakefield and Knowsley. They include […]

The European Central Bank will raise interest rates in July for the first time in 11 years, followed by another hike in September. The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation. The Bank of England has approved four rate increases since December and […]

U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal […]

A better than expected January for American jobs could strengthen the hand of the US Federal Reserve as it prepares to deliver an expected series of interest rate hikes later this year. The US employment market started the year in a much healthier state than expected, despite Omicron disruption hitting consumer-facing businesses. America added 467,000 […]