Stocks climb, sterling weighed down as UK inflation slows

Belgique Nouvelles Nouvelles

Stocks climb, sterling weighed down as UK inflation slows
Belgique Dernières Nouvelles,Belgique Actualités

European stocks and government bonds rallied as good news on UK inflation added to a picture of cooling price pressures globally, although the data slammed the brakes on sterling’s recent winning streak. | Reuters

The BoE now had “the green light” for a 25- basis point rate rise next month, Pantheon Macroeconomics chief UK economist Samuel Tombs said, after markets had previously priced a further 50 bps hike.

News of disinflation in the UK also generated optimism that euro-zone price increases may decelerate more rapidly than economists had forecast, helping the pan-European Stoxx 600 share index gain 0.5 percent in early dealings.

 

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European stocks fall on China slowdown | Bloomberg NewsEuropean stocks fall on China slowdown | Bloomberg NewsEuropean stocks and oil retreated, while bonds rallied as more evidence pointed to a slowdown in China’s economy. LVMH and Hermes International lost more than 4 percent, leading declines among French luxury stocks and dragging the CAC 40 Index down 1.3 percent. Cartier owner Richemont sank 9 percent after reporting…
Lire la suite »

US stocks extend rally as bank earnings top estimatesUS stocks extend rally as bank earnings top estimatesNEW YORK, United States -- Global stocks mostly rose Tuesday, with the Dow index in New York lodging its seventh straight gain, as solid banking earnings helped extend a market rally.
Lire la suite »

GCash launches stock market game to prep users for trading platformGCash launches stock market game to prep users for trading platformNewbie investors can practice trading stocks without the worry of losing money and have a chance of winning as much as P10,000 every week.
Lire la suite »



Render Time: 2025-01-09 20:05:01