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...Last week the BoE kept rates at 5.25 per cent for a fifth consecutive meeting, as widely expected....
...Erkan, who met investors at an event arranged by JPMorgan in New York last week, has vowed to keep monetary policy tight as long as needed to restore price stability....
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...Policymakers in recent weeks have ramped up warnings about the yen’s weakness with finance minister Shunichi Suzuki saying this week that he wouldn’t rule out any steps to address excessive moves....
...As of Friday afternoon, the single currency was down 1.8 per cent on the week, the biggest weekly decline since September 2022....
...Amundi, Europe’s largest asset manager, said in a report published this week that over the next 10 years bonds have the potential to “regain the role as a key performance engine in asset allocation”....
...Traders in Europe have also dialled back their expectations for interest rate cuts in recent weeks....
...Mary McDougall...
...The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has been one of the yellow metal’s most curious rallies....
...Two-year Treasury yields have fallen by 0.23 percentage points since the start of last week to 4.56 per cent....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...On Friday the S&P gained 1.1 per cent following the jobs figures, having fallen earlier in the week....
...Ethiopia has become the third African country to formally default on its debt in as many years, after missing the deadline this week to make a $33mn interest payment on its only international bond....
...It follows a slew of economic data this week suggesting that price pressures are taking time to subside, including an unexpected rise in February’s inflation rate and a 0.6 per cent month-on-month surge...
...Official data last week showed the US added more jobs than expected in February....
...In seven weeks benchmark Treasury yields rose from 4.1 per cent to hit 5 per cent by late October, despite the Fed keeping interest rates steady over the period....
...The ruling party, which has contended over the past two weeks with a scandal over racist remarks by a party donor and an underwhelming public response to national insurance cuts, is keen to depict itself...
...On either side there was Mozart, culminating in a performance of the C Minor Mass with pure-voiced Hera Hyesang Park leading the solo quartet....
...Phil Lloyd, head of non-bank financial institutions at NatWest Markets, warned clients this week that settling trades directly with buyers, rather than via CLS, “adds credit and operational risk”....
...It says its customers are currently buying about £5mn worth each week, making them the most popular product on its platform....
...Markets’ rate-cut expectations have been shaken by data this week showing US inflation rose more than expected in March....
...But after US inflation this week beat forecasts for the third month in a row, traders and fund managers are being forced to look hard at their assumptions....
...Trading in the company’s shares was suspended for 10 weeks in 2020 as PwC, its new auditor, struggled to establish the group’s true financial position in the wake of the accounting scandal, which first came...
...Two weeks ago, I planted a weeping fig tree that I had picked up the day he died, in the middle of the circle. It had been in a vase until now. So now that’s him, he’s here.”...
...Money managers at Pimco, JPMorgan Asset Management and T Rowe Price have all increased their exposure to European government debt in recent weeks....
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