The US stock market slid heavily on Wednesday after Fitch downgraded the US credit rating from AAA to AA+. The Dow Jones Industrial Average index fell 0.54%, while Nasdaq dropped by 1.74%.
Tag - bank of england
According to EY, profit warnings among UK-listed companies have reached levels last seen during the financial crisis, excluding the pandemic. More than one in six firms issued profit warnings in the past year due to rising borrowing costs and tightened consumer spending, impacting their margins. Insolvencies in June were 27% higher than the previous year and above pre-pandemic levels, with consumer industries like retail and hospitality being hit the hardest.
Good day, traders! What will the brand-new week bring us? Let’s find out.
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The major central banks will walk different paths in 2022. Some will respond to the threat of inflation, while others will continue to focus on boosting economic growth and recovering from the pandemic.
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
The Federal Reserve announced tapering of its monthly bond purchases…
The performance of the British pound against other majors has grabbed a lot of attention during the last couple of weeks.