European markets fall as Middle East tensions soar

European markets fall as Middle East tensions soar. The pan-European Stoxx 600 eased 0.8% on Friday, with industrials and construction stocks down. Israel launched missiles on Friday in a retaliatory strike against Iran. WTI crude oil has come off its highs after the reports.

UK retail sales rise 0.8% Y/Y

UK retail sales rise 0.8% Y/Y in March 2024 over the same month in the previous year. Retail sales in the United Kingdom decreased 0% in March 2016 over the previous month but increased 0.80% in march 2024. EWU, FXB, EWUS, FKU, FLGB.

Sticky U.K. Services Inflation Pushes Back Rate Cut Hopes

Bank of England has pinned the timing of the first rate cut on wage growth and services inflation. Services inflation is proving stickier than the Bank of England had hoped and markets are now pricing the first cut in November. The latest data on rental inflation came in hotter than expected in data released on Tuesday. Food inflation is also slowing and is now heading towards zero.

European markets in green despite Wall Street declines

European markets in green despite Wall Street declines. Passenger car registrations in the European Union dropped 5.2% Y/Y to 1M units in March 2024. The pan-European Stoxx 600 moved 0.29% higher. In the bond market, the U.S. 10-year Treasury yield was down 2 basis points.

Inflation Progress May Be Bumpy, But Is Likely To Continue

Home Market Outlook Economy Analysis Inflation Progress May Be Bumpy, But Is Likely To Continue. Inflation cooled substantially last year, but upside surprises in early 2024 for the US and Europe have many investors concerned. Global central banks seem to be making continued progress. In inflation, inflation is improving in more major economies.

European markets positive despite Fed's hawkish stance

European markets positive despite Fed's hawkish stance and higher-than-expected UK inflation. The pan-European Stoxx 600 moved 0.34% higher. U.S. 10-year Treasury yield up less than 1 basis point to 4.64%. Euro Area inflation numbers expected shortly.

UK's inflation rises to 3.2% in March, more than expected

UK's inflation rises to 3.2% in March, more than expected. Market consensus were 3.4% in February. Core CPI rose by 4.2%, down from 4.5% in the 12 months to March 2024. On a monthly basis, CPI rises by 0.6% in march 2024.

European markets slump on rising Middle-East tensions

European markets slump on rising Middle-East tensions. The pan-European Stoxx 600 moved 1.41% lower. Germany's wholesale prices fell by 3% year-on-year in March 2024. U.K. Unemployment rose to 4.2%, up from 3.9%.

UK's unemployment rate at 4.2% in February

UK's unemployment rate at 4.2% in February from 3.90% in January 2024. The figure is above market consensus of 4%. Unemployment rate in the UK increased to 4.20% inFebruary from 4.1% in Jan 2024. EWU, FKU, FLGB.

Weekly Report: what happened at FKU last week (0408-0412)?

European markets mixed amid tensions in Middle East

European markets mixed amid tensions in Middle East. The pan-European Stoxx 600 moved 0.25% higher. Auto stocks led gains, while oil and gas fell. Poland's annual inflation rate edged down to 2% in March 2024. In the bond market, the U.S. 10-year Treasury yield up 7 basis points.

The U.K.'s Summer Rate Cut Hinges On April's Inflation Data

Delays to the first Federal Reserve rate cut and potential strength in April's inflation data suggest an August rate cut is still slightly more likely than June for the Bank of England. Much hinges on the April CPI data due later in May. Markets have taken notice of recent BoE comments. Markets now expect lower UK rates in two years' time than in the US.

Global Market Perspectives Q2 2024: What's Not To Like?

Home Market Outlook Today's Market Perspectives Q2 2024: What's Not To Like? U.S. Economy continues to grow, overshadowing other major global economies of 2023. With most other global economies still struggling, the U.s. Will remain the strongest global performer.

European markets in green territory as traders digest monetary outlook

European markets in green territory as traders digest monetary outlook. The pan-European Stoxx 600 (STOXX) moved 1.17% higher. All sectors and major bourses in positive territory. ECB kept interest rates at record-high levels for the fifth time in a row.

UK's GDP drops to 0.10% in February

UK's GDP drops to 0.10% in February of 2024 from 0.30% in January of 2024. Industrial production increased 1.10%. UK's monthly GDP decreased to in February from 0.20% in the previous month. Invesco CurrencyShares® British Pound Sterling Trust ETF

European markets mixed as investors await ECB decision

European markets mixed as investors await ECB decision. The pan-European Stoxx 600 (STOXX) moved 0.23% lower. Bulgaria's trade deficit widened to BGN 1,061.9 million in February 2024. U.S. 10-year Treasury yield up less than one basis point to 4.57%.

When Will Central Banks Cut Interest Rates?

European markets move higher ahead of U.S. inflation numbers

European markets move higher ahead of U.S. Inflation numbers. The pan-European Stoxx 600 moved 0.61% higher, with tech stocks leading gains. Investors will closely watch U.s. CPI numbers that will be out at 8:30 a.m. ET. In the bond market, the US 10-year Treasury yield is unchanged.

European markets mostly negative after Monday's surge

European markets mostly negative after Monday's surge. The pan-European Stoxx 600 moved 0.18% lower. Most sectors in red territory following gains on Monday. Investors are keenly waiting for US inflation numbers. France reported a current account surplus of €0.9B in February 2024.

U.K. Recruiters Signal Coolest Pay Growth For Over 3 Years In March 2024

U.K. Recruiters Signal Coolest Pay Growth For Over 3 years In March 2024. March survey showed the slowest pay growth for over three years. Softening of the UK labour market signalled by the March recruitment industry survey. Less encouraging is the signal from the survey that firms are cutting employment.