Hints and tips:
Related Special Reports
...US inflation has come in above analysts’ forecasts in January and February this year....
...The novels begin with the arrival of naive Cleveland native Mary Ann Singleton in a San Francisco that’s buzzing with pot, poppers and disco....
...That compares with the six or more cuts expected back in January and the three that the more conservative Federal Reserve had projected....
...Ann-Katrin Petersen, a strategist at the BlackRock Investment Institute, emphasised that, compared with the Fed, “the ECB faces weaker growth and has hiked policy further into restrictive policy”....
...That compares with expectations of as many as six quarter-point cuts at the start of January....
...Gross domestic product increased by 0.1 per cent between January and February, the Office for National Statistics said on Friday....
...UK wage growth continued to slow in the three months to January, confirming the Bank of England’s view that inflationary pressures were easing in the economy....
...Derivatives markets in January priced in as many as six or seven cuts....
...On Wednesday, the ONS said service price inflation eased to 6.1 per cent from 6.5 per cent in January, in line with BoE expectations....
...The pound fell 0.07 per cent to $1.2803 after official figures showed that average earnings excluding bonuses rose 6.1 per cent in the three months to January, slightly lower than the 6.2 per cent forecast...
...Traders slightly increased their wagers on interest rate cuts from the Bank of England this year despite official figures which showed that the UK economy returned to growth in January....
...The National Bank of Hungary accelerated the speed of rate cuts following a 0.75 percentage point cut in January....
...Gold on Monday was trading at $2,182 per troy ounce, after US jobs growth figures for December and January were downgraded sharply on Friday, adding further confidence to investors’ expectations of a rate...
...Traders in both regions have at least halved the number of interest cuts they anticipate this year compared with their expectations in January....
...Sterling nudged lower after the UK’s headline inflation rate unexpectedly held steady in January....
...On Friday, the ISM Manufacturing Purchasing Managers’ index indicated a far larger than expected contraction in US manufacturing activity in January....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...Mary McDougall...
...Readings for January and February have already come in above analysts’ forecasts....
...US inflation was higher than analyst forecasts in January and February and US manufacturing unexpectedly expanded in March for the first time since 2022....
...Eurozone consumer price growth eased to 2.8 per cent in January....
...In practice, however, it’s all a bit more complicated . . . those who know more about this than me, any thoughts to mary.mcdougall@ft.com will be warmly received....
...UK inflation for January came in at 4 per cent, below analyst expectations for a slight uptick to 4.2 per cent....
...In January, they were pricing in between six and seven quarter-point cuts by the end of 2024....
...Consumer prices rose at an annual rate of 4 per cent in January, the same rate as in December, the Office for National Statistics said on Wednesday....
International Edition