UK stocks fall on hawkish cenbanks, weak retail sales data | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

LONDON, April 22 — UK shares fell today as the growing prospect of aggressive monetary policy tightening coupled with a sharp drop in retail sales in the country, sparked concerns about economic growth. The blue-chip FTSE 100 index slipped 0.6 per cent and domestically focused mid-cap FTSE 250...

LONDON, April 22 — UK shares fell today as the growing prospect of aggressive monetary policy tightening coupled with a sharp drop in retail sales in the country, sparked concerns about economic growth.

“It’s increasingly difficult to see consumer spending avoiding a downturn this summer, even if only modest by some historic standards,” James Smith, developed markets economist at ING wrote in a note. BoE Governor Andrew Bailey said yesterday the central bank was walking a tight line between tackling inflation and avoiding recession with the strength of the labour market a key question right now.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK sets target of 40pc women on company boards | Malay MailLONDON, April 20 — Women should make up at least 40 per cent of boards at British listed companies and one director should be a person of colour, the country’s financial watchdog said today as it set a range of diversity targets for firms’ top leaders. At least one senior position such as...
Source: malaymail - 🏆 1. / 86 Read more »