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...In the case of her pied-à-terre, they soared from 1.09 per cent to more than 6 per cent....
...I’m Sonja Hutson, in for Marc Filippino. And here’s the news you need to start your day. [MUSIC PLAYING] US mortgage rates are now at a 21-year high....
...Italian bond prices also fell, with the 10-year yield climbing 0.22 percentage points to 4.09 per cent, according to Tradeweb data....
...And in ‘09-’10, you had the Arab Spring. Now it wasn’t all down to food prices, but it’s just another thing that could lead to instability....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Martin Wolf on saving democratic capitalism’ Marc FilippinoGood morning from the Financial Times....
...The system came through a big test in the 2008-09 financial crisis and again earlier this year with the Covid crisis, helping to safeguard the smooth functioning of the $6.6tn-a-day currencies market....
...Marc Ostwald at ADM Investor Services....
...Russ makes this important point: “This is my fifth major bear market, after 1990-92, 1998, 2000-03 and 2007-09....
...Based on ASHM’s experience in the 08/09 GFC, we expect a gradual improvement in both flows and investment performance, which in turn should drive a re-rating of the shares. ......
...The jump in two-year yields also appeared to have stemmed the earlier selling in the euro towards $1.09. By the close of regular European trading, the single currency was pushing beyond $1.1050....
...Chief financial officer Marc Dench says operating margins are also down due to the wholesale transition, but the benefit of higher e-commerce sales should be evident at the operating level this time next...
...The difference between two and 10-year Treasury yield slipped to 78.6 basis points (0.786 percentage points) from 80.09 bps on Thursday....
...It reached a record high of $193.09 on February 1....
...The European economic calendar (all times London): 09.00: Germany Ifo business climate 09.00: Norway rates decision 09.30: UK mortgage approvals 12.45: European Central Bank rates decision 13.30: ECB press...
...Brent crude eased back from a high of $40.09 a barrel early on Thursday....
...Mr Rowe has replaced Marc Bolland, whose strength as a food retailer was overshadowed by M&S’s weakness in clothing....
...Overall, the S&P 500 fell .09 per cent to 2,097.9. Intraday The latest UK trade data will be announced at 09:30BST. It is expected to show a £10.7bn deficit for May....
...M&S chief executive Marc Bolland is to quit as the retailer delivers some lousy Christmas numbers, markets are falling after a brief but bloody session in China....
...Marc Chandler, of Brown Brothers Harriman, said: “Ultimately and profoundly the ECB disappointed, and this has rarely been seen in Draghi’s tenure, and hit a market that had amassed a significant short euro...
...The dollar continued to make ground on most currencies, rising 0.5 per cent on the euro to take the single currency to below $1.09....
...12.30-13.10 David Samra, Artisan Partners – Points of Leverage 13.10-14.10 Lunch 14.10-14.50 Richard Rooney, Burgundy Asset Management – Confessions of a Buffetteer 14.50-15.10 Philip Best & Marc Saint...
...Unilever said the buying price of £10.09 per share represented a discount of 63 per cent to Friday’s closing share price and would enhance earnings per share 2 per cent on a full-year basis....
...“Some funds managers had bought peripheral bonds in anticipation of QE,” said Marc Chandler at Brown Brothers Harriman....
...In a bold move, he appointed Manuel Valls, the pugnacious Spanish-born interior minister, to succeed Jean-Marc Ayrault as leader of a Socialist government reeling from the party’s worst election drubbing...
...“An actual default would change things materially, with severe disruptions in the money markets, use of Treasuries as collateral and the repo market,” says Marc Chandler, a currency strategist at Brown Brothers...
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