Hints and tips:
...The S&P 500 slipped 0.1 per cent in the final trading session of the week but the index gained 2.3 per cent since last Friday’s close, after Federal Reserve chair Jay Powell on Wednesday indicated a preference...
...Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite were close to flat ahead of the New York trading session....
...The impact of the events in the Middle East on consumer prices “has so far been limited,” said Andrew Bailey, governor of the Bank of England, on Thursday, “but that could change if trade disruptions continue...
...The benchmark S&P 500 was up 0.5 per cent on Thursday, within 2 per cent of an all-time high....
...Also, S&P Global November PMI data for manufacturing and services UK: GfK Consumer Confidence Survey US: S&P Global November PMI data for manufacturing and services....
...Stock markets predictably rallied, with the S&P 500 nearing a two-year high. Bond yields also dropped....
...BoE governor Andrew Bailey said things were “moving in the right direction” and in an interview with the FT today confirmed rate cuts were “in play”....
...Buoyant investor sentiment also lifted stock markets this week, with Wall Street’s S&P 500 closing out its seventh straight week of gains and edging closer to a fresh record high....
...For this edition, email me at alastair.bailey@ft.com or if you received this email in your inbox just hit reply. Jonathan will be back next week....
...Compared with Calla and Anton’s passion, the attraction between the two main characters of Jeremy P Bushnell’s Relentless Melt (Melville House, £16.99) is more tentative and cerebral....
...By contrast, a survey from KPMG, S&P and the Recruitment & Employment Confederation points to the softest starting salary inflation in two and a half years....
.... and inflation by 11 p.p., all else being equal....
...Chief executives of companies on the US S&P 500 index are paid far more than their UK counterparts, receiving a median of $14.1mn in 2022, according to an annual study published this month by labour union...
...Treasury yields suffered their biggest weekly decline since the collapse of Silicon Valley Bank in March last week, while Wall Street’s S&P 500 stocks index rose for eight consecutive sessions from October...
...Bank Q3, Nintendo H1, NTT H1, Persimmon trading update, RS Group H1, Securitas Q3, Singapore Airlines Q2, Uber Q3, UBS Q3, Unisys Q3, Yamaha Motor Company Q3 Wednesday Bank of England governor Andrew Bailey...
...Wall Street’s S&P fell 0.7 per cent following the payroll figures. Nasdaq Composite saw a decline of 1.3 per cent....
...Data: S&P Global releases manufacturing and services purchasing managers’ index data for the EU, France, Germany and the UK....
...The S&P is off 3 per cent. That’s not a sell-off, right? That’s caution....
...Analysts at S&P Global Market Intelligence warned that lacklustre inflation in China could add to downward pressure on business margins....
...There is more uncertainty about the announcement by Andrew Bailey at the Bank of England on Thursday, though a 25 basis point rise is on the cards....
...Bank of England governor Andrew Bailey speaks at the event on Sunday ECB vice-president Luis de Guindos gives a keynote address at the workshop, the Political Economy of Inflation, at King’s College London...
...Monetary policy: Bank of England governor Andrew Bailey is to give a speech at the Cost of Living Crisis Conference in London....
...Bailey also urged businesses to assume lower inflation when setting prices....
...A day after the BoE raised interest rates 0.5 percentage points in a bid to stop a wage-price spiral, the Flash S&P Global/Cips UK PMI index highlighted the increased costs that companies are still passing...
...“We have a very big base effect coming in for the April number . . . those base effects have come through rather faster in continental Europe,” noted Andrew Bailey, BoE governor....
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