New data from the Centre for Economics and Business Research does not flatter the UK economy
There was no clear answer from the US Federal Reserve on the direction of US interest rates last night.
The Bank of England’s bi-annual stability report emerges from Threadneedle Street this morning, 11am.
Trading and investing in stocks means being clear-eyed about risk.
Scalping is a subset of day trading. Forex scalping is taking advantage of mini currency movements for profit. These small trades are measured in ‘pips’ (more on pips later). A session may last a few seconds. Or a few minutes.
There’s lot of specialist language in the financial markets: indices, IPOs, forex, bonds and annuities, for example. Here, we bust some of the jargon. Stay with it – it’s easier than you might think.
The big headline news this morning is Tesco. First quarter sales growth beat market expectations thanks in part to more demand from fresh food.
A headline gross domestic product (GDP) gives a reading of basic economic health – or sickness. But you need to press and prod in the right places to get a full picture of what’s working and what’s failing.
Deflation fires off a tonne of things central bankers don’t want in a grown-up economy
Japan’s Nikkei is down 1% on fragile trading. The Nikkei 225 dipped under 20,000 to 19,979.90 as uncertainty around the UK election and a looming ECB meeting rose.
Stock markets were broadly flat today despite the terror attack in London at the weekend. But the pound has gained as UK election polls increasingly point to a sizeable Conservative election win.
Oil prices have surged after the decision by several Arab countries – Bahrain, Saudi Arabia, Egypt and the UAE.
Poorer than expected US Nonfarm Payroll numbers saw the euro climb against the dollar to new annual highs – $1.273 at 4pm today – approaching 1.1300 levels. The British pound slipped -0.05% to $1.2873.
Cross currencies are currency ‘pairs’ that omit the US dollar - the bulk of global exchange rate transactions involve the US currency or ‘greenback’. Cross currencies are where other currencies are allowed to be the dealmaker.
Barclays analysts have claimed that the US dollar’s rally is more or less over, unless President Trump can come through with a solid fiscal boost.