Global markets continued their recovery last week, even as the Bank of England suggested an announcement of increasing UK interest rates could happen in the next two weeks. In the UK, inflation dropped to 3.1% in September, compared to 3.2% in August. However last week
Investor fears around supply constraints, and inflation worries, were eased by a series of strong results posted last week exceeding market forecasts . The recovery was further aided by a bounce back from last week’s tough trading period. On Thursday, the S&P 500 and Nasdaq both
The ongoing fuel crisis, fears around inflation, slowing growth, worries around the Chinese property market and hardening language from central banks about their plans all combined over the past week to help push down global markets. In the US, there was the added pressure caused by
Fears around wider fallout from the crisis engulfing Chinese property developer Evergrande brought global shares down last Monday. The S&P 500, for example, experienced its worst fall since May, as investors weighed up the chances of another Lehman Brothers-style crash, this time focused on the large
Last week revealed that the annual rate of consumer price inflation in the UK had jumped to 3.2% in August. The level marks the highest monthly jump in inflation in nine years, and is also far above the Bank of England’s 2% target. There are two
Gross domestic product (GDP) in the UK grew just 0.1% in July, according to figures released by the Office for National Statistics (ONS) at the end of last week. Production output growth was the main positive force, with the services sector broadly flat, and the construction
Japanese markets spiked on Friday, following Prime Minister Yoshihide Suga’s announcement that he will not run for re-election. Suga has been prime minister since last September and was in charge during the Olympics in Tokyo – which have been blamed for a tide of COVID-19 cases
Federal Reserve Chairman Jerome Powell bolstered markets on Friday, as he signalled a potential future shift in US economic policy during his speech at the Jackson Hole Economic Symposium. Previously, Powell had said the US would continue its asset-purchase programme until it felt employment and price
A strong early August helped push the S&P 500 index on Monday to double the figure it recorded at its lowest during the crash in March 2020. However, it fell gradually over the next few days, to finish the week down. The Nasdaq – which
US markets enjoyed a strong week, moving further into record-high territory, in part thanks to the progress of a $1 trillion infrastructure bill making its way through the Senate. The bill includes $65 billion to expand high-speed internet access, $110 billion for roads and bridges, and
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