Markets responded positively to Prime Minister Liz Truss’ energy relief plan, which promised the average household would pay no more than £2,500 per year in energy costs for the next two years. The FTSE 100 rose 0.2% to 7,254 as a long-awaited burst of optimism swept through the blue-chip index. Meanwhile, analysts braced for aggressive […]

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The Euro tumbled to a 20-year low against the Dollar this week, reaching almost parity with the US currency after Russia renewed its threat to turn off the gas supply to Europe. The resurgence of Russia’s threat has sparked fresh fears of a European recession, with a single Euro equating to $1.0003 in morning trading. […]

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The European Central Bank (ECB) sent a wave of relief across the markets, after the institution announced it would be raising interest rates for the first time in 11 years, with a 25 basis points hike scheduled for its July meeting after maintaining current rates throughout June. The interest rates increase is set to kick […]

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Economists are predicting a peak of 3.5% in the coming months Inflation across the eurozone has reached its highest point in nearly ten years, ramping up pressure on the European Central Bank to decrease the rate of its bond buying programme. On the back of its recovery, August saw the consumer price index in the […]

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Some policymakers fear overshoot of inflation The European Central Bank’s (ECB) Monetary Policy Meeting, which took place in July, saw policymakers draw attention to the need to revise the forward guidance on interest rates. There was reported concern among those making decisions at the ECB about a potential overshoot off its 2% inflation target, or […]

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The ECB had previously chosen to keep inflation below, but close to 2% The European Central Bank has revised its own inflation target to 2% and confirmed its willingness to let it surpass this level at times. The announcement gives chiefs at the central bank the ability to keep interest rates down for a longer […]

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Investors rush to sell gold as Fed adopts a more hawkish tone Gold prices have dropped £37.09, or 2.8%, on Thursday on the release of the Federal Reserve’s interest rate statement. At the time of writing the price of gold now stands at £1,280.58. Following Jerome Powell’s statements about inflation, the US central bank’s dot […]

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ECB reaffirms that inflation only temporary The European Central Bank (ECB) confirmed on Thursday that it would be keeping interest rates at the same level, as well as keeping its bond buying programme the same. The ECB’s interest rate of 0% remained unchanged, while its deposit rate for banks remained at -0.5%. The pandemic emergency […]

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Rates remain on hold as ECB chiefs anticipate easing of lockdowns The European Central Bank (ECB) has restated its desire to minimise borrowing costs across the eurozone, suggesting it will continue its increased rate of bond buying until the EU is well on the road to recovery. The bank confirmed on Thursday via a press […]

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Following the first European Central Bank (ECB) meeting of 2021, the institution announced that it will be sticking to its current key rates and the scale of its Pandemic Emergency Purchase Programme (PEPP) for the foreseeable future, as the European economy continues to grapple with the impact of the Covid-19 pandemic. In what The Telegraph […]

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Portfolios have had to use their back-up parachutes this week, having used their first ones on March’s market free-fall. After three days of consecutive losses, global equities pretty much held their ground on Thursday, thanks to ECB stimulus and GDP announcements. Speaking earlier in the day, IG Chief Market Analyst, Chris Beauchamp, said: “A degree […]

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It’s little secret that FTSE 100 oil stocks have been absolutely battered in 2020, and today’s share price drops seemed to add icing to the rather underwhelming cake. If you’re confused about why today in particular is significant, here are a few reasons why it might be so. Number 1: Sluggish oil price recovery Yes, […]

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ECB President, Christine Lagarde, announced on Wednesday evening that the central bank would consider dropping the neutrality principle it uses to guide its corporate bond purchases. The reason for this change of heart is that the neutrality principle takes no account of climate change and environmental risk in the bond buying process. The approach currently […]

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The European Central Bank has called on Eurozone banks to continue scrapping dividends and to be “extremely moderate” with its bonus payments to staff, until at least the beginning of next year. Today’s call by the ECB is expected to be mirrored, at least in part, by the Bank of England. The move by Europe’s […]

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Awaiting an eventful Friday, Thursday was almost an entirely stagnant session across global equities, with FTSE retaining its place at the top of the pile. The Dow Jones sat shy of its all-time high mark and both the CAC and DAX didn’t move far off of their respective opening positions. For the third day in […]

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Asian markets have continued to suffer worst from the spread of Coronavirus, with investors fearing tentative attitudes towards trade and travel with China and surrounding regions. The situation was also dim for European indices, with the FTSE and DAX also suffering losses after trading began, though this was also caused, in part, by the back-and-forth […]

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In a return to business as usual, market indicators have resumed the downward trajectory which has become something of a home so far in 2019. Despite the efforts of its Board and shareholders, Thomas Cook collapsed on Monday morning, and this sour cherry topped the broader and equally bitter macro cake offered by the Eurozone, […]

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The ‘goodbye kiss’ has been delivered! Quantitative easing was more modest – with lower-than-expected volumes of asset purchases – but the trajectory of interest rate cutting was continued today by incumbent ECB President Mario Draghi. European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against […]

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After preliminary optimism on chatter surrounding a return to more amicable exchanges between the US and China, the market’s reaction this morning was markedly more muted. This is perhaps unsurprising; not only will many assume the return of good will to be little more than hot air, buy yesterday’s index boom has left markets in […]

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As expected – and regardless of the long-term implications – today’s bid by HKEX for the LSE left the FTSE frothing at the jowls. Despite the surge, it should be considered more bad news than good. With Greene King being sold to Hong Kong’s richest tycoon, there needs to be some resistance against the sale […]

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With the proroguing of Parliament putting a spanner in the works of yesterday’s Sterling rally, a trifecta of defeats for Boris Johnson last night made sure the currency didn’t dip as markets opened on Tuesday morning. Speaking on the Sterling and market movements this morning, Spreadex Financial Analyst Connor Campbell said, “With Parliament now suspended […]

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