News And Announcements
German economic sentiment deteriorates in November - ZEW
German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK unemployment rate ticks up, wage growth slows
UK unemployment ticked higher in the three months to September, while wage growth slowed, according to figures released on Tuesday by the Office for National Statistics.
Bitcoin tops $82,000 level in early Monday trading
Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump’s US election victory, with expectations that his administration would support a friendlier regulatory environment for digital currencies.
China unveils £1.1bn stimulus package
China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy.
Bank of England cuts interest rates
The Bank of England trimmed interest rates on Thursday for the second time this year, as widely expected.
Sweden cuts rates, Norway stands pat
Sweden’s central bank cut interest rates on Thursday, while Norway left them on hold.
UK house prices tick up to record high in October - Halifax
UK house prices ticked up to a record high in October as mortgages became more affordable, according to data released on Thursday by lender Halifax.
Eurozone producer prices fall in September
Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations.
UK construction growth slows as housebuilding declines
Activity in the UK construction sector expanded for the eighth straight month in October, though growth eased from a two-year high as uncertainty delayed spending decisions ahead of the Autumn Budget.
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
UK service-sector growth slows to 11-month low
Service-sector growth in the UK eased to its lowest level in nearly a year in October as heightened uncertainty ahead of the Autumn Budget delayed spending decisions, according to S&P Global.
RBA holds rates as inflationary pressures persist
The Reserve Bank of Australia (RBA) held its cash rate steady at 4. 35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battle persistently high inflation.
CMA says Vodafone-Three merger could proceed with remedies
The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented significant network investments and customer safeguards.
China's services sector grows more than expected - Caixin
Activity in China’s services sector picked up more than expected in October, according to a survey released on Tuesday.
Retail sales growth disappoints in October
UK retail sales saw a modest increase in October, rising by 0. 6% year-on-year, according to fresh data from the British Retail Consortium and KPMG on Tuesday.
Thames Water creditors seek support for £1.5bn rescue fund
A coalition of Thames Water’s creditors was reported to be seeking additional investors to support a £1. 5bn rescue fund on Monday, aimed at stabilising the troubled water utility and sustaining its operations through to next October.
UK manufacturing sector contracts in October
UK manufacturing activity contracted in October ahead of the Budget, according to a survey released on Friday.
House price growth slows in October - Nationwide
UK house price growth slowed in October, according to figures released on Friday by Nationwide.