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
UK markets experienced growth over the past week, as the Bank of England’s (BoE) Monetary Policy Committee forecasted inflation for the year to hit 4%. While this is notably above the BoE’s 2% target for inflation, and an increase compared to its 3% forecast from May,
Asian stocks hit a 7-month low early last week, as the market was weighed down by a combination of Delta variant Covid-19 outbreaks in several markets combined with ongoing fears around a crackdown from the Chinese Government. The Nikkei 225 fell over 2.5% in the week,
Markets generally ended the week up, despite recording drops earlier in the week. Rising numbers of the Delta variant of COVID-19, and a fear that this could have a dramatic effect on the global recovery had been weighing on markets for a few weeks now. On
The market growth slowdown seen in recent weeks continued last week, as persistent worries about the Delta variant of COVID-19 flared up and due to doubts around the potential pace of the recovery. This was compounded by continued high rates of inflation in the UK and
Markets ended Friday recovering from a midweek dip, caused by – among other things – a worry that the Delta COVID-19 variant might slow the progress being made on supply chains. The week started with Chinese authorities ordering the removal of ride-hailing app Didi from mobile
Better-than-expected employment figures capped a strong week for US markets, which had continued to chart into historic high territories in anticipation of the data. Figures released at the start of Friday were expected to show the US had added 720,000 jobs to its economy – which
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