Wednesday, May 29, 2024

Middle East Tensions and Central Bank Official Comments Sour Market Sentiment

Minutes from this month’s Reserve Bank of Australia interest rate-setting meeting in early May did consider a rate hike, citing risks such as rising inflation expectations and weaker productivity growth. The 4.35% Official Cash Rate since a 25-basis point hike last November was left unchanged but the minutes suggest that a future hike is more […]

* This article was originally published here

Tuesday, May 28, 2024

Pound Sterling: UK Economy Back to Growth with an Impressive Rebound in GDP

The UK economy grew by 0.6% in Q1. This follows on from two quarters of contraction. Real wage growth is a positive for the economy. The FTSE is rallying...

* This article was originally published here