Financial contagion from U.K.’s woes? Biden economic adviser says U.S. ‘in a strong place to deal with a full set of headwinds’ including from abroad
admin “‘The U.S. economy remains in a strong place to deal with a full set of…
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Mark Mobius: ‘Disastrous’ Brexit decision is hurting the UK during pound crisis
Emerging markets veteran Mark Mobius says the UK is now feeling the “disastrous” effects of…
Read MoreGilt yields jump to highest since 2008 crisis after IMF hits out at U.K. budget
U.K. bond yields surged to fresh 14-year highs after the International Monetary Fund criticized the…
Read MoreIMF scolds U.K. on fiscal plan that has upset financial markets
The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and…
Read MoreBritish hedge fund manager says it’s too early to get bullish on sterling after successful bet against U.K. currency and bonds
“I don’t think you can start getting bullish on sterling.” That was Crispin Odey, notable…
Read MoreTraders shrug after Bank of England says it ‘won’t hesitate’ to raise rates to meet inflation target
Investors and traders appeared to shrug Monday after the Bank of England said it was…
Read MoreNew Truss government is like a doomsday cult, UBS economist says
The harshest verdict on the policies of the new Liz Truss come from the financial…
Read MoreU.S. oil benchmark extends fall below $80 on recession fears, surging dollar
Oil futures fell Monday, with the U.S. benchmark extending its decline below the $80-a-barrel threshold…
Read MoreU.K. gilt yields surge, with 10-year moving past 4%, as investors bet on aggressive Bank of England action to tame tax cuts
U.K. bond yields surged on Monday for a second day, as investors bet the Bank…
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A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed…
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