Tag Archives: BoE

European stocks retreated on Friday, continuing to recede from highs despite positive broker backing from firms including Credit Suisse and Morgan Stanley.The Stoxx Europe 600 XX:SXXP dropped 1% in afternoon trade, and the index is now down over 3% from record highs set in November. The European backdrop has been …

Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …

Eurozone government bond yields rose on Thursday after the Bank of England delivered a surprise rate rise and the European Central Bank cut stimulus, but the bonds selloff was limited as the ECB pledged to continue monetary support in 2022.Bond yields, which move inversely to their price, shot up when …

The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …

UK inflation figures climbed to a 10-year high in November as consumer prices continue surging while traders, investors and market participants eye the Bank of England’s crunch monetary policy meeting on Thursday.The Consumer Price Index rose by 5.1% in the 12 months to November, up from 4.2% in October, which …

The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …

Crypto assets currently pose limited risks to the stability of the UK financial system according to the Bank of England in its Financial Stability Report, released Monday. But the pace of growth means cryptocurrencies could become more dangerous as they become increasingly linked to wider financial networks, the report added.“Material …

UK stocks struggled for traction on Monday as a warning over the omicron variant weighed on THE market sentiment.The FTSE 100 index UK:UKX slipped by 0.2% to settle at 7,278, though the mining sector appeared to be getting a boost, after China’s top officials reportedly set 2022 targets that included …

After quickly recovering from the Omicron-related scare, shares markets look prepared to start to receive, digest and handle a busy week for central banks.With some hawkish signals expected, markets could be in for a session of volatility in the closing days of 2021 even though some of the policy shifts, …

A significant event on Monday will be the speech by the Bank of England’s Ben Broadbent, this will be Broadbent last public appearance prior to the anticipated rate decision in the following week.Investors believe it is reasonable to expect rate hikes from 0.10% to 0.25% on December 16, but uncertainty …