Daily Market Updates

house

House prices and demand growth boost markets

The good news for the US economy came from the house price figures, showing not just rising demand but rising prices. New single-family homes rose 2.9%

Chris Wheal
Photo of factor plant

US manufacturing activity slows hitting dollar

Still-reasonable Markit PMI numbers slightly hit the dollar earlier. The closely-watched US manufacturing numbers came in at 53.0

Adrian Holliday
Photo of US cars filling up with fuel

No need to fill up – US banks pass ‘stress test’

Some relief for US banks: the US central bank claims the 34 largest domestic players have passed ‘stress tests’ –

Adrian Holliday
Sen Mitch McConnell

US healthcare bill revealed, major tax cuts for businesses

US Senate Republicans finally reveal their draft of a healthcare bill that would unwind much of the Affordable Care Act also called Obamacare.

Claire Hunte
Photo of Wal-Mart logo

Could Wal-Mart beat Amazon to Whole Foods?

US stocks were up slightly at 4pm today with a 1.77% climb from UnitedHealth Group helping taking the Dow to 21,450.47, up 0.19%. There was also a 1.27% gain for Johnson & Johnson.

Adrian Holliday
Photo of Andy Haldane

Mixed messages from Bank of England unsettles sterling

A lack of communication at the Bank of England yesterday: chief economist Andy Haldane came out in favour of a rate rise within 24 hours

Adrian Holliday
Oil field

Bad news: oil prices veer into bear market territory

It's a case of bad news bears for oil prices. US data showing crude oil stockpiles were lower than expected

Claire Hunte
Beefeaters in Houses of Parliament

Pound jumps on Queen’s Speech but surge short-lived

Sterling rose to $1.2711 as the Queen’s speech got underway in Westminster. But the gains were dashed

Adrian Holliday
Photo of Westminster Bridge

Sterling slips to post-election lows

A difficult Queen’s speech today with little idea of how effective a hung Parliament will be.

Adrian Holliday




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