LONDON, May 11 Reuters The pound edged off multimonth highs against both the dollar and the euro on Thursday ahead of a Bank of England meeting which traders will be watching to see if policy makers undermine or support pricing for more rate increases later this year. Sterling dipped 0.36 against the dollar to 1.2580, […]

Euro zone consumers raise inflation expectations Bayer slides after weak outlook BoE set to hike rates later May 11 Reuters European shares rose on Thursday led by the gains in media and travel stocks, as signs of easing U.S. inflation boosted hopes that the Federal Reserve might soon pause its aggressive interest rate hikes. The […]

BoE rate decision at 1100 GMT FirstGroup down as UK govt takes temporary control HSBC, BP, Tesco trades lower sans dividend ITV slides on Q1 ad revenue drop FTSE 100 up 0.3, FTSE 250 adds 0.1 May 11 Reuters UK39;s bluechip FTSE 100 index was slightly up on Thursday, helped by gains in shares of […]

TOKYO, May 11 Reuters The dollar rose on Thursday as the Chinese yuan dipped to a twomonth low after more evidence of weakness in China39;s postCOVID recovery clouded the outlook for the global economy. Sterling edged lower ahead of a key Bank of England meeting, with traders expecting a small hike and looking for signs […]

PREVIOUS TRADING DAY EVENTS 10 May 2023 Announcements  The U.S. annual consumer price growth fell to below 5. It slowed down in April for the first time in two years, supporting the idea for the central bank to pause further interest rate hikes next month. The U.S. central bank raised its benchmark overnight interest rate […]

European Union climate chief Frans Timmermans offered a grand bargain to break the deadlock in the two-week negotiations.