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...Ten-year US borrowing costs have risen to 4.2 per cent from 3.9 per cent at the start of the year, but remain far below a peak of more than 5 per cent reached last October when markets were worried about...
...At Goldman Sachs Asset Management International, which houses parts of the bank’s non-US money management business, the gap widened to 54.1 per cent from 51.3 per cent....
...Lloyds said pre-tax profits fell year on year to £1.6bn from £2.3bn, broadly in line with analysts’ expectations. Quarterly revenues dropped to £4.2bn, just below market expectations of £4.3bn....
...that was forecast.Organic sales during the period rose 1.4 per cent, compared with analyst estimates of 2.9 per cent....
...In comparison, the equivalent German Bund is up 0.3 percentage points to 2.4 per cent....
...Services inflation, which is heavily affected by trends in pay, rose at an annual rate of 6.1 per cent in February. Headline inflation stood at 3.4 per cent, the lowest since 2021....
...“This last mile of inflation — getting from 3 per cent to 2 per cent — is going to be really hard. Much harder than getting from 9 to 3 per cent.”...
...including Justice and the Home Office of 3.4 per cent a year....
...It turns out that growth was running at an annualised pace of 1.6 per cent in the first quarter — far behind the 3.4 per cent clip in the fourth quarter of last year and a big miss from the 2.5 per cent...
...Those losses grew by $1.8bn in 2023....
...France’s Cac 40 fell 1.1 per cent and Germany’s Dax dropped 1.2 per cent....
...Its $3.9bn of free cash outflow was almost five times outflows of $786mn for the same period last year, though slightly lower than the $4bn-$4.5bn it had warned of in March....
...Here’s what else I’m keeping tabs on: Economic data: Economists expect US consumer price inflation to have risen to 3.4 per cent on an annual basis when it is reported later....
...The CLEWI climbed 4.9 per cent in 2023 — above the 3.4 per cent rise in US CPI in the same period — following increases of 7 per cent in 2022 and 10.1 per cent in 2021....
...Annual like-for-like revenues rose 3.5 per cent to £14bn, lower than the 4.1 per cent uplift expected by analysts....
...The study comes as testing on the £4.5bn tunnel — a cost that compares with the £3.5bn forecast a decade ago — is expected to start next week, with the removal of the deep underground walls that have kept...
...US department store Kohl’s dipped 1.5 per cent after announcing its chief operating officer has left the company after less than a year in the role....
...Consultancy Bain expects the market for personal luxury goods to grow 1 to 4 per cent in 2024, down from an estimated 8 to 10 per cent in 2023....
...Andrew Balls, Pimco’s chief investment officer for global fixed income, said the market pricing of 3.6 per cent was higher than his expectations of terminal rates....
...As well as February’s unexpected increase in inflation to 3.2 per cent, separate data this week showed a 0.6 per cent month-on-month surge in producer prices....
...Headline inflation averaged 3.2 per cent last year but has slowed to 2.2 per cent in January on the back of a decline in the imported cost of energy....
...Shares in Walmart rose 3.2 per cent to close at a record, while those in Vizio gained 16.2 per cent. Home Depot edged up 0.1 per cent....
...The yield on the 10-year Treasury has fallen from a peak of 5 per cent in October to 4.3 per cent, reflecting higher bond prices....
...At today’s share price, TMTG is worth almost $9bn and Trump’s stake in it is valued at approximately $3.5bn....
...The progress was reflected in a 60 basis point increase in the overall operating margin to 2.4 per cent....
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