The Bank of England's MPC voted 5-4 to keep Bank Rate at 4% at its November 5 meeting, in line with expectations. Four members favored a 25 bps cut to 3.75%, reflecting growing support for easing. Policymakers noted that CPI inflation has peaked and underlying disinflation is developing, aided by still-restrictive policy, lower wage growth, and easing services inflation. A sluggish economy and increasing labor market slack are also strengthening disinflation. The MPC said the risks to achieving the 2% target are now more balanced: inflation persistence has become less of a concern, while...
The University of Michigan's preliminary consumer sentiment survey for June rose to 60.5 vs. 52.2 the previous month Median estimate 53.6; range 50.5 to 57.0 from 46 estimates Expectations index rose to 58.4 vs. 47.9 last month Current economic conditions index rose to 63.7 vs. 58.9 last month Median expected price change over the next year fell to 5.1% after 6.6% Largest one-month decline since 2001 Median expected price change over the next 5-10 years fell to 4.1% after 4.2%(alg) Source: Bloomberg
"There is still time to end this carnage, with the next attack already planned to be even more brutal," President Donald Trump said in a post on Truth Social. Says Iran must make a deal "before it's too late" Says he has told Iran to make a deal but they "can't do it"(alg) Source: Bloomberg
Iran launched more than 100 drones toward Israel early Friday after an overnight Israeli missile attack on the country killed at least three of its senior military leaders. "We can now confirm that the Chief of Staff of the Iranian Armed Forces, the Commander of the IRGC, and the Commander of Iran's Emergency Command were all killed in an Israeli attack on Iran," Israel Defense Forces spokeswoman Effie Defrin said. "Iran launched about 100 UAVs toward Israel, which we are working to intercept." Rocket sirens sounded in northern Jordan as Jordanian state media reported the country had...
Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders and that this was start of a prolonged operation to prevent Tehran from building an atomic weapon. Iranian media and witnesses reported explosions including at the country's main uranium enrichment facility at Natanz, while Israel declared a state of emergency in anticipation of retaliatory missile and drone strikes. Iran's elite Revolutionary Guards corps said its top commander, Hossein Salami, was killed and state media reported the unit's...
The Israeli Air Force conducted a strike in Iran on Thursday, according to two sources with knowledge of the operation. It's not yet clear what Israel is targeting, but explosions were reported in Tehran. Why it matters: Israel is directly attacking its biggest and best-armed adversary, without clear backing from the U.S. President Trump publicly opposed an Israeli attack on Iran's nuclear sites on Thursday, saying he still believed a nuclear deal was possible. It's not clear whether Israel has ordered strikes on Iran's nuclear program, or whether the U.S. opposed this specific...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs has fueled growing speculation that they will be overturned, but it also raises the potential for further...