U.K. election date lifts fog over promising market recovery

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 46 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 186%
  • Publisher: 92%

Canadian News Nachrichten

Canada News,Breaking News Video,Canadian Breaking News

Market focus likely to remain on inflation, rates

Britain's Prime Minister and Conservative Party leader Rishi Sunak speaks with brewery workers at Vale of Glamorgan Brewery, as part of a campaign event ahead of a general election on July 4, in Barry, south Wales, Britain, May 23.A surprise British general election in July has removed a layer of uncertainty for UK markets, leaving investors to focus on the outlook for interest rates and the economy as the dominant forces driving the pound, stocks and bonds.

A shared aim of Sunak and Starmer will be to avoid upsetting a tentative calm in markets with any major fiscal announcements, analysts say. Karimalis said investors will pay particular attention to Labour’s plans but will continue to be influenced by the domestic and global economy. “Basically markets just rallied straight through that . There wasn’t a lot of policy change on the table and there wasn’t a lot of election uncertainty,” he said.

Sterling has risen around 2% so far this month thanks in part to surprisingly strong British growth data, a welcome sign for Sunak. Yet it has also been driven by inflation remaining hotter at home and in the U.S. and markets pushing back their bets on Bank of England rate cuts.

Ed Hutchings, head of rates at Aviva Investors, said the firm’s preference is to hold gilts ahead of U.S. and European debt, although it is a relatively cautious wager.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

In the Market: Economic surprises are messing with the market's favorite recession predictorA bond market anomaly that has reliably predicted a U.S. recession in the past may normalize this year in a highly unusual manner. The market signal, called...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

In the Market: Economic surprises are messing with the market's favorite recession predictorExplore stories from Atlantic Canada.
Herkunft: SaltWire Network - 🏆 45. / 63 Weiterlesen »

Record market highs, Cisco earnings: Market Domination OvertimeOn today's episode of Market Domination Overtime, Yahoo Finance Hosts Julie Hyman and Josh Lipton reflect on the trading day and break down what to watch on ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Bull market 'still very young,' driven by strong earnings: market strategistOne market strategist says earnings are continuing to power recent gains in equity markets.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Financial market feud: Coinbase launches oil & gold futures, CME targets bitcoin spot marketThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Nvidia earnings, housing market outlook, BNPL regulatory pressure: Market DominationOn today's episode of Market Domination, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the trading day's biggest stories and latest trends...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »