Markets News

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Investors flee to safety amid Chinese market sell-off

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Investors were already rushing to the safety of the US dollar (USD) and other risk-off assets amid ongoing reports that global coronavirus cases had surged due to the rapidly spreading Delta variant. Financial markets have been spooked further by the Chinese stock market sell-off, which has ramped up demand for safe havens…
Riski Sunak Budget

Rishi Sunak could delay the Autumn budget to next year

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UK Chancellor Rishi Sunak is considering delaying the Autumn 2021 budget to next year to allow him to assess further the economic impact of the UK government's business support schemes. The potential delay follows news that many Conservative MPs are anxious that the end of the furlough scheme could impact the UK's economic recovery from COVID-19.
woman talking on phone in a supermarket

Stocks rally following US infrastructure bill announcement

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A bipartisan group of US senators said that a deal on US President Joe Biden’s USD 1.2TN infrastructure bill had been reached but Mr Biden has refused to sign the deal unless a reconciliation bill is also passed. Still, stocks and riskier currencies are rallying in the wake of the news...
woman talking on phone in a supermarket

Morrisons shares surge on FTSE 100 following US takeover bid

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Morrisons rejects a GBP 5.5BN takeover proposal from private equity US firm CD&R, arguing that the bid significantly undermined the value of the supermarket and its future prospects. The US firm has until July 17th to return with a better offer or watch Morisson walk away from the deal...
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Fresh inflation fears send global markets tumbling

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FTSE 100 sees £48BN wiped off its value as inflation risks rattle investors. Stock markets are edging higher ahead of the weekend, extending a late recovery in the previous session, courtesy of comments from central bank policymakers worldwide.
FTSE 100 Index

FTSE 100 and Wall Street slump amid rising inflation fears

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Yesterday saw Global stock markets slip amid rising inflation fears, with the FTSE 100 down by nearly 3% after opening. FTSE 100 now recovering after UK GDP data although investors are fretting over inflation in countries worldwide. US inflation fears are the main focus of nervousness, primarily due to the country being the world's leading economy.
FTSE 100 Index

FTSE 100 struggles to gain despite UK lockdown easing

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Pound Sterling storms higher but FTSE 100 struggles to gain momentum. The FTSE 100 has struggled despite plans to press ahead with reopening the UK economy and Scottish election success. After a relatively strong start to the day, London's FTSE 100 Index has closed 0.061% lower or by -4.35 points to 7,125.36 on Monday, with airline shares among the top losers.
China economy posts record growth

World stocks hit record highs after strong China and US data

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World stocks surged to record highs on Friday after the US and China posted robust growth data and bolstered expectations of a solid global economic rebound. After months of lockdowns and COVID-19 restrictions signs of recovery are beginning to emerge.