Two themes are dominating financial markets today: 1) speculation that major central banks will cut interest rates next year sooner and by more than now signaled and 2) Chinese debt service strains. Share prices in Japan on Tuesday rose 1.4% in Japan after the Bank of Japan Board unanimously agreed not to change its ultra-loose […]
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Bank of England Maintains Interest Rates at 5.25% Amidst Global Economic Dynamics
<img src="https://fxopen.com/blog/en/content/images/2023/12/boe-1.png" alt="Bank of England Maintains Interest Rates at 5.25% Amidst Global Economic Dynamics" /><p>In a move that marks the third consecutive instance, the Bank of England has opted to maintain its benchmark interest rates at 5.25% on the 14th of Decemb
British exporters call on government to ease post-Brexit trade frictions with EU
<p>Though Johnson promised ‘no non-tariff barriers’, firms say they are struggling under ‘compliance burden’ of customs and safety checks Almost two-thirds of British exporters have said selling to the EU has become harder in the past year, according to the British Chambers of Commerce, which is calling on the government to do more to smooth
Voters in Wellingborough trigger byelection after suspension of Peter Bone
<p>Labour given chance to win back seat after Tory MP found to have subjected staff member to bullying and sexual misconduct Labour will get a chance to win back Wellingborough after voters there chose to trigger a byelection after the suspension of their MP, Peter Bone. The recall petition was opened when the former minister […]
Higher earners to be taxed more heavily in Scotland to protect public services
<p>New 45p tax band introduced for those earning in excess of £75,000 with top rate for salaries more than £125,140 up to 48p Higher earners in Scotland are be to taxed more heavily after ministers in Edinburgh sought to reduce cuts to public services and fund an expensive council tax freeze. Shona Robison, Scotland’s finance […]
Lawyer apologises for saying Michelle Mone was not linked to PPE firm
<p>Jonathan Coad, who represented former Tory peer, says sorry for unwittingly misleading the media A lawyer who represented Michelle Mone has offered an “unqualified apology” for incorrectly claiming she was not connected to a firm that received PPE contracts worth £200m during the coronavirus pandemic. Two other lawyers who acted for the fo
Modern slavery ‘a feature’ of care sector in England since Brexit
<p>End of free movement of workers from EU has significantly increased possibilities of exploitation, care watchdog tells MPs Post-Brexit restrictions on the free movement of workers from the EU have contributed to modern slavery becoming “a feature” of the care sector in England the Care Quality Commission has told MPs. James Bullion, chief
Sunak challenged by watchdog over claim to have cut public debt
<p>Statements by PM may have undermined trust in government’s use of statistics, says regulator The head of the UK’s official statistics watchdog has challenged Rishi Sunak over his claim to have reduced public debt, saying the prime minister’s definition of this was so specific and limited that it risked being misleading for voters. Sir Robe
Bank of Japan disappointed investors with no plans for 2024. Oil rises due to Houthi attacks on tankers in the Red Sea
<p><strong>By <a href="https://justmarkets.com/?utm_source=investmacro&utm_medium=article&utm_campaign=analytics_market_overview" target="_blank" rel="noopener">JustMarkets</a></strong></p> <p>At Monday’s stock market close, the Dow Jones Index (US30)
American Express AXP is Heading to a Potential Selling Area
American Express Company (Amex), symbol AXP, is an American multinational financial services corporation that specializes in payment cards. Headquartered in New York City, it is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average. AXP Weekly Chart August 2023 We believe that the […