UK market disruption fuels contagion fears around the world

NEW YORK/LONDON, Sept. 28 (Reuters) – The magnitude and speed of the UK asset sell-off has shaken global markets, raising concerns about contagion as chaos in a large developed economy adds to the unease already experienced caused by sharp rate hikes in the United States and elsewhere. After Friday’s UK mini-budget, which marked £45 billion … Read more

IMF says UK fiscal measures ‘likely to increase inequality’, urges reconsideration

WASHINGTON, Sept. 27 (Reuters) – The International Monetary Fund on Tuesday targeted new British financial plans that have rocked markets and warned that “big and untargeted fiscal packages” were likely to widen inequality in Britain and tighten monetary policy. can undermine. In its first commentary on plans by the new UK Chancellor of the Exchequer … Read more

Morning Bid: Eye of the Storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. As Hurricane Ian raged and set his sights on Cuba and Florida, a global financial storm calmed down the bond and currency markets moderately – though likely only temporarily. Ian strengthened to a … Read more

Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … Read more

Morning Bid: Unstable Cable | Reuters

US dollar banknotes can be seen in this image, taken on June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. Britain’s gamble to boost growth with unfunded tax cuts in a surge in inflation has turned into … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … Read more

British Prime Minister Truss tells allies to remain steadfast in Ukraine

Prime Minister Liz Truss delivers a speech to members of the United Nations in New York during her visit to the US to attend the 77th UN General Assembly. Photo date: Wednesday, September 21, 2022. Stefan Rousseau/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept. 25 (Reuters) – British Prime … Read more

Queen Elizabeth II’s Final Resting Place Revealed in New Windsor Castle Photo

An engraved ledger stone bearing the name of the late monarch was installed Monday evening in the King George VI Memorial Chapel, an annex to the main chapel, after a private service attended by her family. The slab is hand-carved from Belgian black marble and features inlaid brass letters with the names of her parents … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

Lavrov defends Russia in UN confrontation full of anger over war in Ukraine

Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, Sept. 22 (Reuters) – Russian Foreign Minister Sergei Lavrov defended Moscow’s war in Ukraine at the UN Security Council on Thursday, as the United Nations warned Moscow about the annexation of Ukrainian regions and called on Western ministers to take responsibility for atrocities. Lavrov … Read more