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Market updates
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 inves...
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 t...
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 (...
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-mo...
FTSE 100 moves higher as Treasury pledges to gold full-budget in Spr...
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 a...
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.
UK market falls as Bank of England raises interest rates
September 22, 2022 11:01 PM AEST | By Abhishek SharmaUK Market:,The UK market tumbled into red after the Bank of England raised the interest rates by another 50 bps, taking it to 2.25%. This is the seven...
FTSE 100 moves higher as business get price cap, housing stocks lead
September 21, 2022 11:32 PM AEST | By Rishika RainaUnder the government’s support package, UK businesses have been given a six-month emergency energy price cap.
FTSE 100 slips into red after upbeat start
September 20, 2022 11:16 PM AEST | By Abhishek SharmaUK Market:,The UK market started the week in an upbeat mood on Tuesday but couldn't maintain the gains till noon. Traders returning from the UK bank h...
FTSE 100 trades in red as EU inflations hits 9.1%
September 16, 2022 11:22 PM AEST | By Abhishek SharmaUK Market:,The UK stock market traded in red as investors digested the latest numbers on inflation in Europe, which reached 9.1% in August. At around...
FTSE 100 moves higher while debit and credit card spending falls
September 15, 2022 11:14 PM AEST | By Rishika RainaPeople in the UK have cut back on their spending on credit as well as debit cards.
FTSE 100 slides as inflation unexpectedly falls
September 14, 2022 11:15 PM AEST | By Rishika RainaConsumer price inflation fell from 10.1% in July to 9.9% in August.
FTSE stocks to explore as house price growth hits 19-year high
September 14, 2022 08:55 PM AEST | By Abhishek SharmaHighlights:,Housing rates in the country jumped by 15.5% in annual terms in July.,The prices are expected to rise further this year due to interest ra...
FTSE 100 reverses gains ahead of US inflation data
September 13, 2022 11:13 PM AEST | By Abhishek SharmaUK Market:,The UK stock market gained in the early trading hours on Tuesday but failed to continue the momentum and slipped into red by the afternoon....
FTSE 100 moves higher as GDP grows in July
September 12, 2022 11:03 PM AEST | By Rishika RainaThe Office for National Statistics unveiled today that the UK GDP growth stood at 0.2% in July.
FTSE 100 edges higher as King Charles III becomes monarch
September 09, 2022 10:52 PM AEST | By Abhishek SharmaUK Market:,The UK markets remained in an upbeat mood on Friday even as the nation mourned the death of Queen Elizabeth II. At around 1:00 pm GMT+1, th...
FTSE 100 reverses early gains as Truss announces energy support pack...
September 08, 2022 10:51 PM AEST | By Abhishek SharmaUK Market:,The UK markets reversed early gains ahead of the European Central Bank's key meet in which a significant hike in interest rates is likely t...
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