19:37:12
Barclays CEO: A moderate interest rate cut is not expected to have much impact.
19:35:42
Bank of England Governor Bailey: Service price inflation is likely to rise slightly in August and then fall over the rest of the year.
19:34:01
Delegates said the OPEC+ Joint Ministerial Monitoring Committee (JMMC) will not discuss fourth-quarter oil production policy.
19:32:48
According to the Iranian Students News Agency (ISNA): Iran is evaluating various means of retaliation against Israel.
19:32:21
Bank of England Governor Bailey: Service price inflation and domestic inflationary pressures remain high.
19:32:06
Bank of England Governor Bailey: It is very welcome that inflation has remained at 2% for two consecutive months.
19:31:22
Bank of England Governor Bailey: The decision to cut interest rates was carefully weighed.
19:30:54
The monthly layoff rate of challenger companies in the United States in July was -46.94%, compared with -23.55% in the previous month.
19:30:27
The number of layoffs by challenger companies in the United States in July was 258,850, the lowest since July 2023.
19:30:02
The annual rate of layoffs among challenger companies in the United States in July was 9.2%, compared with 19.80% in the previous month.
19:28:48
Money markets currently expect the Bank of England to cut interest rates again in November. They put the chance of a further 25 basis point cut by then at just under 90%.
19:26:03
Egypt says it is working with Saudi Arabia to boost bilateral investment.
19:20:00
Bank of England Governor Bailey will hold a monetary policy press conference in ten minutes; the number of layoffs by Challenger companies in the United States in July will be announced in ten minutes.
19:17:57
Sources said the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting will not make recommendations on oil production policy.
19:17:37
Money markets are pricing in about a 50-50 chance of a 25 basis point rate cut by the Bank of England in September.
19:13:46
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting began and no policy changes were expected to be recommended, sources said.
19:10:03
Bank of England: If the impact of quantitative tightening is greater than expected, the level of bank interest rate provides room for more relaxed policy if necessary.
19:07:31
Bank of England: Consumer price index is expected to rise to around 2.75% in the second half of 2024 as the energy base effect weakens.
19:07:12
Bank of England: The unemployment rate is expected to be 4.4% in the fourth quarter of 2024 (forecasted at 4.4% in May); 4.7% in the fourth quarter of 2025 (forecasted at 4.7% in May), and 4.7% in the fourth quarter of 2026 (forecasted at 4.8% in May).
19:07:07
Bank of England: Private sector wage growth is expected to be 5.0% in the fourth quarter of 2024 (5.00% forecast in May), 3.0% in the fourth quarter of 2025 (3.0% forecast in May), and 2.75% in the fourth quarter of 2026 (2.75% forecast in May).