UK stocks edge higher as weak survey signals BoE rate pause

Sept 8 - London stocks edged higher on Friday after a survey signalled slower hiring activity last month, raising the probability that the Bank of England will press the pause button in its efforts to rein in inflation.

Employers concerned about the economic outlook reduced hiring via recruitment agencies last month at the fastest pace in more than three years, an industry survey showed. Investors also took comfort from a BoE survey on Thursday showing businesses were planning for their lowest price rises since February 2022, offering some reassurance to policymakers that inflation is on course to return to target.

The yield on two-year British government bonds briefly fell to a two-week low, as investors scaled back bets of further rate hikes.Further aiding the UK equities on Friday were lower oil prices and U.S. bond yields.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stocks slide as worries about inflation revive: Stock market news todayStocks fell on Wednesday, as rising oil prices fueled concerns about inflation and faltering global demand.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US futures fall with Fed's next move in focus: Stock market news todayStock futures pointed lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks tumble with Fed's next move in focus, Apple losses deepen: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq sinks as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq tumbles as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US futures slip as Fed officials hint at rate respite: Stock market news todayStock futures inched down on Friday, with those on the Nasdaq 100 pointing lower even as Apple's slump took a breather.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »