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...US retail sales were much stronger than expected in March, as consumers kept spending despite uncertainty about the future path of interest rates....
...Analysts had expected annual growth to slow to 5.5 per cent....
...Analysts had expected a decline to 4.1 per cent. Read more here....
...Federal Reserve chair Jay Powell has acknowledged it will likely take “longer than expected” for inflation to return to the US central bank’s 2 per cent goal and cut interest rates....
...The governing Conservative party has pledged to ease price pressures ahead of the general election expected this year....
...Millions of people are expected to watch the total solar eclipse that will sweep across North and Central America on Monday, including a big crowd at Niagara Falls....
...Rishi Sunak is falling short of his pledge to cut waiting times for routine hospital care in England, according to official figures that show the NHS is still missing key targets ahead of the election expected...
...Monday’s equity moves came after US retail sales proved stronger than expected, in the latest sign of economic resilience....
...The UK will issue £265.3bn of gilts in 2024-25, according to budget documents, higher than £258.4bn expected by banks ahead of the announcement. Gilts sold off following the release of the numbers....
...The dollar staged its strongest weekly performance since 2022 after higher than expected US inflation figures caused ripples through world markets....
...That compares with the six or more cuts expected back in January and the three that the more conservative Federal Reserve had projected....
...Economists had expected a core rate for March of 3.7 per cent. Read more here...
...The BoE is widely expected to keep interest rates at a 16-year high of 5.25 per cent, after holding them at its last meeting in February....
...The ECB is widely expected to cut rates in June....
...Eurozone inflation eased to 2.6 per cent in February, leaving it slightly higher than expected by economists, as consumer prices excluding energy and food continued to rise at persistently strong rates....
...German industry has rebounded more strongly than expected at the start of this year after factory production grew at the fastest rate for a year in February, thanks to strong growth in construction and carmaking...
Fossil fuel groups and investors cannot afford to ignore the warnings
...Revenues from equities trading, which analysts had expected to decline, were instead up 4 per cent at $2.8bn, though revenues from fixed income trading fell 4 per cent....
...The IMF figures underscore the difficult task that Prime Minister Rishi Sunak has in galvanising a more robust recovery before the election expected this year....
...The Office for Budget Responsibility is expected to forecast that price pressures this year will be lower than in its previous estimates....
...It had been expected to sell about 450,000....
...Wall Street stocks and US Treasuries rallied slightly after the latest wholesale inflation figures came in cooler than economists had expected....
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