News And Announcements
US consumer confidence falls for third month in October
US consumer confidence dropped in October, with the Conference Board’s index falling to 102. 6 from a revised 104. 3 in September.
Government reverses decision to close rail ticket offices
The government has reversed its decision to close most ticket offices at train stations across England, it was revealed on Tuesday, citing a failure to meet the “high threshold of serving passengers”.
Bank of Japan tweaks yield policy
The Bank of Japan announced a tweak to its yield curve control on Tuesday, saying it would allow yields on the 10-year government bond to rise above 1%.
FCA sees 'significant increase' in buy now pay later usage
Industry watchdog the Financial Conduct Authority said on Tuesday that there has been "a significant increase" in the use of buy-now-pay-later options.
China's manufacturing sector unexpectedly contracts in October
China’s manufacturing sector experienced an unexpected contraction in October, according to official data released on Tuesday.
UK shop price inflation eases to lowest since August 2022
Shop price inflation fell in October to its lowest level since August 2022, according to figures released on Tuesday.
House prices fall across 80% of the UK - Zoopla
House prices fell across roughly 80% of the UK so far this year, according to property portal Zoopla, with the rising cost of borrowing and a squeeze on household incomes weighing on demand.
UK mortgage approvals fall to lowest level since January
UK mortgage approvals fell in September to their lowest level since January, dented by rising borrowing costs, according to figures released on Monday by the Bank of England.
Fed’s preferred inflation gauge eases in September
The US Federal Reserve’s preferred inflation gauge eased in September, according to figures released on Friday by the Commerce Department.
High street sales edge higher after recent falls — BDO
High street sales rose slightly last week after three straight weeks of declines, as online growth made up for weakness in store.
ECB leaves interest rates on hold, as expected
The European Central Bank left interest rates on hold on Thursday, as widely expected, after 10 consecutive hikes.
Retail sales slide for sixth consecutive month - CBI
Retail sales volumes tumbled in October, industry research showed on Thursday, as higher interest rates and cost of living pressures continued to weigh heavily.
UK car output up 40% in September, as SMMT calls for delay to Brexit tariffs
UK carmakers increased output by nearly 40% in September, but industry leaders have warned of the imminent threat of new Brexit rules that could see the cost of electric vehicles rise by over £3,000.
German business sentiment surprises on the upside
Business sentiment in Germany strengthened in October, a closely-watched survey showed on Wednesday.
China approves £110bn sovereign bond issue
Beijing has backed a major sovereign bond issue as the authorities look to boost China’s faltering economy.
US business activity picks up a little in October
US business activity picked up a little in October, while inflationary pressures eased, according to a survey out on Tuesday.
UK regulators set to remove cap on banker bonuses
The Prudential Regulation Authority (PRA) has removed a limit on bonuses in the banking sector after finding that pay and "allowances" have been creeping up over the past decade.
UK manufacturing orders suffer worst monthly fall since January 2021
UK manufacturers saw the worst monthly fall in orders in October since January 2021, according to a survey released earlier by the Confederation of British Industry.
UK private sector activity declines again in October
Business activity in the UK services sector fell again in October, according to a survey released on Tuesday.
UK unemployment rate ticks higher
The UK unemployment rate ticked up to 4. 2% in the three months to August from 4. 0% in the three months to July, according to figures released on Tuesday by the Office for National Statistics.