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.

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