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Oracle Results Land Tonight With Cloud Growth And Record Cash Burn In Sharp Focus
Analysts expect revenue of 19.1 billion dollars, up 28 percent, but investors care more about whether enormous data centre spending is paying off.
UK Housing Slump Shows Signs Of Bottoming Out As Buyers Return, RICS Survey Says
Surveyors reported the least negative buyer demand reading since January, though house price expectations remain firmly in negative territory.
ECB Raises Deposit Rate To 2.50 Percent As Iran War Drives Inflation Higher
The European Central Bank lifted rates by a quarter point, its second increase since the Iran conflict began pushing energy costs up.
Brent Crude Tops 101 Dollars As Strait Of Hormuz Strikes Squeeze Global Supply
Oil rose above 101 dollars a barrel for the first time since May as US and Iranian forces exchanged strikes near the worlds busiest oil route.
Traders Bet On Ninety Basis Points More Bank Of England Tightening Before Year End
Markets now price substantial further UK rate increases as energy costs push inflation toward a forecast peak of 3.2 percent.
UK Mortgage Rates Climb Again as Two Year Fixed Deals Reach 5.63 Percent
Several major lenders raised fixed mortgage rates by around 0.15 percentage points as bond market volatility pushed their funding costs higher.
UK Food Inflation Set to Near 4 Percent by Christmas Warns Industry Body
The Food and Drink Federation expects food inflation close to 4 per cent by Christmas and 6.4 per cent by July 2027 as energy and drought costs bite.
FTSE 100 Slides to Six Week Low as Oil Shock Rattles London Markets
UK stocks fell close to 1 per cent into the Wednesday close as a jump in crude prices and fresh Middle East escalation hit sentiment.
Gold Falls 1.1 Percent to 4356 Dollars as US Bond Yields Climb
Gold slipped to around 4,356 dollars an ounce as the US 10 year Treasury yield rose to 4.79 per cent, raising the cost of holding bullion.
Brent Crude Tops 100 Dollars After US Strikes on Five Iranian Oil Tankers
Brent settled at 100.49 dollars a barrel, up more than 2.5 per cent, after US forces destroyed five Iranian tankers and Tehran struck back.
Energy price cap rises 4 percent from October adding 60 pounds to annual bills
Ofgem confirmed the cap for a typical dual fuel household climbs to 1,723 pounds a year from 1 October, driven by an 8 percent jump in gas costs.
Federal Reserve faces knife edge September call as inflation refuses to cool
Traders are split on whether the Federal Reserve raises rates this month, with the August inflation reading landing days before the decision.
Apple unveils first foldable iPhone as John Ternus takes the stage as chief executive
Apple holds its Surprise and Shine event today, with a foldable iPhone and the iPhone 18 Pro expected in the first launch under new leadership.
Brent crude touches 99.67 dollars as Hormuz oil flows collapse to a trickle
Brent crude climbed to within 33 cents of 100 dollars a barrel after attacks cut oil moving through the Strait of Hormuz to under 2 million barrels a day.
FTSE 100 set to open 0.5 percent lower as oil closes in on 100 dollars a barrel
London futures pointed to a fall of about 51 points to 10,760 as European shares slid on renewed escalation between the United States and Iran.
Novartis Suffers Worst Day on Record After Third Drug Trial Setback
Novartis shares fell close to 10 percent after the del-desiran trial missed its main goal, wiping roughly 24 billion Swiss francs off the company value.
Brent Crude Nears 100 Dollars After Houthi Strikes on Saudi Energy Facilities
Brent futures touched 99.46 dollars a barrel after drone and missile attacks hit Saudi energy sites, leaving oil up more than 8 percent this month.
US Payrolls Jump 162000 as Fed Rate Hike Odds Climb Above 60 Percent
American employers added 162,000 jobs in August, roughly three times the forecast, and traders now put a September Federal Reserve rate rise above 60 percent.
UK Gilt Yields Hold Near 19 Year Highs as Markets Brace for October Budget
The 10 year gilt yield sat around 5.15 percent as investors weighed the first major speech from Chancellor John Healey before the 28 October budget.
UK Inflation Set to Climb Again as Second Energy Cap Rise Looms
Inflation reached 2.9 percent in July and the Bank of England expects a peak near 3.2 percent by the fourth quarter as household energy bills rise again.
Bank of England holds at 3.75 percent as UK inflation climbs toward a 3.6 percent peak
UK inflation rose to 2.9 percent in July and is forecast to peak near 3.6 percent this month as energy costs bite, leaving rate cuts on hold.
Gold price slides toward 4400 dollars as strong US payrolls cool rate cut expectations
Gold extended losses toward 4,400 dollars an ounce after US jobs data came in far stronger than forecast, reducing the case for cheaper money.
Wall Street snaps three day losing streak as US stocks climb on earnings optimism
The Dow rose 295 points and US benchmarks ended a three day slide, with third quarter earnings growth now forecast at 28.5 percent.
Energy bills rise 4 percent from October as Ofgem cap reaches 1723 pounds a year
Ofgem has confirmed the price cap rises by 60 pounds a year from 1 October, driven almost entirely by an 8 percent jump in gas costs.
Federal Reserve faces knife edge September meeting after surprise 162000 jobs surge
US employers added 162,000 jobs in August, nearly three times forecast, upending expectations before the Federal Reserve meets on 15 and 16 September.