News Formal

Gilts fall amid U.K. policy confusion; U.S. stocks rise - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Gilts fell and the pound whipsawed as traders struggled to make sense of U.K. policy. U.S. futures and European stocks rose ahead of Thursday’s inflation report.

The Bank of England confirmed its plan to end emergency bond purchases on Friday after confusion sparked by a Financial Times report that the central bank was prepared to extend support to stave off a crisis in U.K. pensions. Meanwhile, some investors are betting that the government may make further fiscal u-turns.

“The Bank of England is a test case for how hawkish central banks can be without doing damage to financial stability,” said Michael Metcalfe, global head of macro strategy at State Street Global Markets.

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:

 /  🏆 83. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

U.S. stocks decline as rising yields sap risk appetite - BNN BloombergStocks fell, pressured by rising Treasury yields and signs that company earnings were set to disappoint. A gauge of the dollar climbed to the highest this month.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canada adds 21,000 jobs in tight market; Unemployment rate falls - BNN BloombergCanadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labor market continues to be near full capacity.
Source: BNNBloomberg - 🏆 83. / 50 Read more »