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United Kingdom & Ireland Eurozone Newswire

  • Published on Nov 22, 2024

    UK business activity shrinks for first time in a year as confidence in Labour falls

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK business activity shrank for the first time in more than a year, according to a closely watched survey, as the private sector …

    Source: The Financial Times - Neutral
  • Published on Nov 22, 2024

    Pound tumbles to 6-month low after UK business output shrinks in November

    The pound plunged on Friday as economic data revealed a contraction in UK business output in November for the first time in over a year, alongside a sharper-than-expected decline in October retail sales. Sterling dropped to its lowest level against the …

    Source: Firstpost - Center-right
  • Published on Nov 22, 2024

    Sterling falls to 6-month low after weak British data

    The pound tumbled on Friday after data showed British business output in November shrank for the first time in more than a year, and retail sales also fell by much more than expected in October. Sterling hit its lowest on the dollar since May, and was last …

    Source: Zawya - Uncategorized
  • Published on Nov 22, 2024

    UK private sector contracting as firms give ‘thumbs down’ to the budget, hitting pound

    UK private sector is shrinking as firms give 'thumbs down' to the budgetNewsflash: UK business output is contracting this month for the first time in over a year, as the tax increases announced in last month’s budget hit companies. Data firm S& …

    Source: The Guardian - Center-left
  • Published on Nov 22, 2024

    Eurozone private sector unexpectedly slips into contraction

    (Bloomberg) — Euro-area business activity unexpectedly shrank in November, a sign of the damage being wrought by political chaos and heightened discord over trade. Most Read from Bloomberg The composite Purchasing Managers’ Index by S&P Global slid to …

    Source: Yahoo Finance - Label Pending
  • Published on Nov 21, 2024

    UK government borrowing jumps to £17.4bn in October; Bitcoin nears $100,000 for first time

    Introduction: UK borrowing jumps to £17.4bn in OctoberGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The UK government borrowed billions of pounds more than expected last month, adding to the …

    Source: The Guardian - Center-left
  • Published on Nov 22, 2024

    Oil prices climb 1% to two-week high as Ukraine war intensifies

    Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent futures rose $1.05, or 1.4%, to $75.28 a barrel by 1:15 p.m. EST (1815 GMT), while U.S. West Texas …

    Source: Business Recorder - Neutral
  • Published on Nov 22, 2024

    Crude Oil Gains Over 1%; Ross Stores Earnings Top Views

    U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining by more than 250 points on Friday. The Dow traded up 0.59% to 44,128.84 while the NASDAQ rose 0.08% to 18,986.80. The S&P 500 also rose, gaining, 0.28% to 5,965. …

    Source: Benzinga - Neutral
  • Published on Nov 22, 2024

    S&P 500 Moves Higher; Intuit Shares Fall Following Q1 Results

    U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday. The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&P 500 also rose, gaining, 0.31% to 5,966.91. …

    Source: Benzinga - Neutral
  • Published on Nov 22, 2024

    U.S. stock markets end at week's highs, Dow Jones up 426 points

    NEW YORK, New York - U.S. stocks made solid gains on Friday with all indice sperforming strongly and ending at week highs. "Investors are rotating out of the previous high flyers of large-cap communication services and technology and into other …

    Source: Big News Network - Label Pending
  • Published on Nov 22, 2024

    STOXX 600 jumps over 1% to one-week high on real-estate boost

    By Ankika Biswas, Joao Manuel Vicente Mauricio and Pranav Kashyap (Reuters) -European real estate stocks surged, propelling the benchmark index to a one-week high on Friday, while easing of geopolitical tensions also relieved some recent selling pressure. …

    Source: Investing - Neutral
  • Published on Nov 22, 2024

    Oil Edges to 2-Week High on Ukraine News

    Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium. Brent futures rose 66 cents, or 0.9%, to $74.89 a barrel by 11:39 a.m. EST (1639 GMT), while U.S. …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Nov 20, 2024

    Eurozone wages rise by 5.4% in third quarter

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurozone wages have risen at their fastest rate since the 1990s, according to data published by the European Central Bank that …

    Source: The Financial Times - Neutral
  • Published on Nov 22, 2024

    US Dollar climbs, euro weakens to two-year low

    NEW YORK: The euro fell to a two-year low while the US Dollar (USD) gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its ascent towards the $100,000 mark. HCOB’s …

    Source: ARY News - Label Pending
  • Published on Nov 22, 2024

    Dow Jumps 300 Points; Gap Posts Upbeat Earnings

    U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 300 points on Friday. Following the market opening Friday, the Dow traded up 0.72% to 44,184.62 while the NASDAQ rose 0.07% to 18,985.33. The S&P 500 also rose, …

    Source: Benzinga - Neutral
  • Published on Nov 20, 2024

    London stocks fall as UK inflation tops BoE targets

    The FTSE 100 index slipped 0.17% to close at 8,085.07 points, while the FTSE 250 saw a sharper decline, dropping 0.9% to finish at 20,244.76 points. In currency markets, sterling weakened 0.32% against the dollar to trade at $1.2641, as it rose 0.38% on …

    Source: ShareCast - Label Pending
  • Published on Nov 22, 2024

    Euro falls to two-year low after soft PMI data

    TOKYO :The euro plunged to a two-year low on Friday after data showed a tumble in euro zone business activity, and caused markets to up bets on ECB rate cuts, while bitcoin hit a record high just shy of $100,000. The common currency dipped over 1 per cent …

    Source: Channel News Asia - Pro-Government
  • Published on Nov 20, 2024

    UK inflation rises to 2.3% in October on higher energy costs

    The Office for National Statistics (ONS) reported that the annual Consumer Price Index (CPI) rose to 2.3% last month, up from 1.7% in September—the highest rate since April. This figure exceeded both economists’ forecasts of 2.2% and the Bank of England’s …

    Source: Business Matters - Neutral
  • Published on Nov 22, 2024

    Gold and oil surge on Ukraine war fears as poor data pummels the euro

    Gold, oil, and haven assets from the Swiss franc to German government debt headed for strong weekly gains on Friday after the Russia-Ukraine conflict escalated, while the dollar marched higher and poor economic data heaped pressure on the euro. Gold was up …

    Source: Zawya - Uncategorized

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