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Market updates
UK market muted as Liz Truss quits as PM
October 21, 2022 12:28 AM AEDT| By Abhishek SharmaUK Market:,The UK market was muted on Thursday after Liz Truss announced that she is stepping down as the UK prime minister. At around 1:43 pm GMT+1, the benchmark index FTSE 100 was down 0.05%, while the mid-cap-focused FTSE 250 was down 0.52%. Trus...
FTSE 100 falls as inflation hit 40-year high again
October 20, 2022 12:36 AM AEDT| By Rishika RainaBank of England is yet again under immense pressure to go for another rate hike soon.
UK market in upbeat mood after Truss apologises for "mistakes"
October 18, 2022 11:46 PM AEDT| By Abhishek SharmaUK Market:,The UK market made strong progress on Friday, continuing its gains after yesterday's announcement from chancellor Jeremy Hunt to reverse the tax cuts. At about 1:00 pm GMT+1, the FTSE 100 was nearly 1.20% up, while the FTSE 250 was trading...
FTSE 100 moves higher as Hunt devours mini-budget
October 18, 2022 12:23 AM AEDT| By Rishika RainaThe Commons statement by Jeremy Hunt comprised of information about the medium-term fiscal plan anticipated to be released on 31 October.
UK market rallies as Liz Truss sacks Kwasi Kwarteng as Chancellor
October 15, 2022 12:02 AM AEDT| By Abhishek SharmaUK Market:,The UK market was in an upbeat mood on Friday after it was Kwasi Kwarteng confirmed that he has been sacked as the Chancellor. At around 1:20 pm GMT+1, the FTSE 100 index was trading nearly 1% higher, while the FTSE 250 index was 1.48% hig...
FTSE 100 moves higher after closing at an 18-month low last night
October 14, 2022 12:36 AM AEDT| By Rishika RainaFollowing strong declines in banking and housebuilding stocks, the FTSE 100 index closed at an 18-month low yesterday.
UK market tumbles as traders digest gloomy data on economy
October 13, 2022 12:12 AM AEDT| By Abhishek SharmaUK Markets:,The UK market was down on Wednesday following the latest numbers on UK's Gross Domestic Product (GDP). At around 1:30 pm GMT+1, the FTSE 100 was down 0.30%, while the mid-cap-focused FTSE 250 was more than 0.60% down. This happened as the...
FTSE 100 falls with 3.5% unemployment dip
October 12, 2022 12:16 AM AEDT| By Rishika RainaUK unemployment rate continues to be at its lowest levels in almost 50 years
UK market remains nervous as gilt yields rise
October 11, 2022 12:20 AM AEDT| By Abhishek SharmaUK Market:,The UK market was trading in red as investors were nervous over volatility in the market following the rising borrowing costs for the government. At around 1:30 pm GMT+1, the FTSE 100 index was trading 0.1% lower while the FTSE 250 was tra...
UK market muted amid gloomy outlook for economy
October 07, 2022 11:35 PM AEDT| By Abhishek SharmaUK Market:,The UK market was mixed on Friday as investors continued to exercise caution over the country's economic outlook. At around 1:00 pm GMT+1, the benchmark index FTSE 100 was trading 0.15% higher, while the FTSE 250 was down 0.51%. Meanwhile,...
FTSE 100 falls as oil prices move higher
October 06, 2022 11:58 PM AEDT| By Rishika Rainabrent crude futures remained close to $93 as traders assessed the contentious move of OPEC.
UK market slips into red as investors weigh up Truss' speech
October 05, 2022 11:23 PM AEDT| By Abhishek SharmaUK Market:,The UK market reversed its gains from the previous session and slipped into red on Wednesday. The negative mood of the market came as investors analysed PM Liz Truss' speech at the Conservative Party conference in Birmingham. Defending her...
UK market rallies amid reports of govt's plans on funding tax cuts
October 04, 2022 11:32 PM AEDT| By Abhishek SharmaUK Market:,The UK market was trading on the front foot on Monday after the government's U-turn on the tax rate and Chancellor Kwasi Kwarteng's plans to bring forward how the £43 billion tax cuts will be funded. The blue-chip index jumped over 2% at a...
FTSE 100 falls post tax plan U-turn
October 04, 2022 12:13 AM AEDT| By Rishika RainaUK Chancellor Kwasi Kwarteng referred to the 45p tax rate as a distraction.
FTSE 100 trades higher as GDP grows by 0.2%
September 30, 2022 10:53 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in the green on Friday as the Office of National Statistics (ONS) reported that the UK's Gross Domestic Product (GDP) grew by 0.2% in the quarter to June. The number surpassed the previous forecasts of a 0.1% decl...
FTSE 100 falls with BoE’s intervention to reach £65 billion
September 29, 2022 11:36 PM AEST| By Rishika Raina. Moving in line with the drops on continental European bourses, London’s FTSE 100 also took a hit.
FTSE 100 hits 17-month low as fears about economy grow
September 28, 2022 10:44 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in red amid concerns over the government's recent move to slash tax rates. The benchmark FTSE 100 fell to a 17-month-low in the afternoon trade as the International Monetary Fund (IMF) openly criticised the UK's n...
FTSE 100 moves higher as Treasury pledges to gold full-budget in Spring
September 27, 2022 11:32 PM AEST| By Rishika RainaThe index made modest gains following the Treasury vowing to hold a full Budget in the spring.
FTSE 100 in red as pound crashes to all-time low against dollar
September 26, 2022 10:49 PM AEST| By Abhishek SharmaUK Market:,The UK market was trading in red after the pound sterling crashed to an all-time low against the US dollar. Investors awaited an expected announcement from the Bank of England following the development, which came after Chancellor Kwasi Kw...
FTSE 100 tumbles after mini-budget announcements
September 23, 2022 11:21 PM AEST| By Rishika RainaEarlier today it was unveiled that GfK’s consumer confidence index dropped by five points in September to -49.
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