ECB

Stocks higher after Fed meeting

Stocks higher after Fed meeting 150 150 Realm

Stocks opened in the green this morning following Wall Street which rallied after the conclusion of the latest US Fed meeting yesterday. Speaking after the meeting Chairman Jerome Powell said that if the economy continued to improve a scaling back of the current asset purchasing program “is likely to be appropriate”, with the process beginning in November and completing by…

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Markets await Fed announcement

Markets await Fed announcement 150 150 Realm

Stocks are higher this morning with markets waiting for the outcome of the latest US Federal Reserve meeting. Following the release of the policy statement and forecasts later today, Chairman Jerome Powell will speak to the media. After recent mixed economic data investors are hoping for more detail on the Fed’s tapering plans. Fears surrounding Chinese company Evergrande have eased…

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Markets bounce after sharp sell-off on Monday

Markets bounce after sharp sell-off on Monday 150 150 Realm

UK and European stocks are trading higher this morning, regaining some of the ground lost in Monday’s sharp sell-off. Fears of contagion from the crisis at Chinese property developer Evergrande increased with the realisation that the debt-ridden company was unlikely to receive direct government support. Global markets were quickly lower with some major indices falling to two-month lows. Investors now…

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Stocks down as investors focus on central bank meetings

Stocks down as investors focus on central bank meetings 150 150 Realm

Stocks are down this morning following a weak session in Asia, particularly Hong Kong. US futures, are sharply lower. Focus this week will be on central bank meetings in US, UK and Japan. Investors will be looking for the Fed to provide an update on the tapering timing question with recent economic data sending conflicting messages.   Disclaimer:  ‘Where the…

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Stocks higher despite a fall in UK retail sales

Stocks higher despite a fall in UK retail sales 150 150 Realm

UK stocks are higher this morning despite a surprising fall in UK retail sales last month. Data today showed that retail sales fell 0.9% month-on-month in August, with a 0.5% rise expected. This is the longest negative streak in at least 25 years, being the fourth month in a row of declines. Much for investors to think about including important…

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Stocks up ahead of US retail sales data

Stocks up ahead of US retail sales data 150 150 Realm

Stocks in the UK are higher this morning having been generally lower this week after yesterday’s surprise in inflation data and slowing retail sales data from China. In the US, retail sales numbers are due later today. An added concern for investors could be a new defence alliance forged between the UK, US and Australia which may trigger fresh tensions…

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Largest jump in UK inflation since records began

Largest jump in UK inflation since records began 150 150 Realm

Data from the Office for National Statistics this morning showed that UK annual inflation rose to 3.2% in August, up from 2% in July and well above expectations. The 1.2% jump in CPI was the largest since records began in 1997. UK stocks are flat this morning, one hour into the trading day. In contrast, CPI data in the US…

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UK labour market continues to recover

UK labour market continues to recover 150 150 Realm

The UK labour market is “continuing to recover”, according to the Office for National Statistics. Data released earlier today showed that the number of UK workers was up 241,000 to 29.1 million in August 2021. According to the ONS, all regions except London, Scotland and South East are now above pre-pandemic levels. The unemployment rate fell to 4.6% in July…

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Stocks attempt to bounce back at start of week

Stocks attempt to bounce back at start of week 150 150 Realm

UK and European stocks are trying to recover this morning from last week’s decline. US futures are also in the green, attempting to bounce back after major US indices fell for five consecutive days. Concerns over global growth and China’s regulatory crackdown remain in focus. Rising inflation fears are also in focus this week with CPI data due from the…

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UK GDP data disappoints

UK GDP data disappoints 150 150 Realm

UK stocks are attempting to recover this morning after sharp falls earlier in the week. Investors are digesting the latest UK GDP data from the Office for National Statistics which showed that the UK economy rose just 0.1% in July. Down from 1% in June and below expectations. Jonathan Athow, ONS deputy national statistician, said “after many months during which…

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