Summary: Investors await the US inflation data for July as a significant market driver. After a notable drop in June, expectations rise for an acceleration in July's inflation figures. The Fed eral Reserve's stance on interest rates is poised to be influenced by the inflation trend. Core inflation remains a key concern and could impact the Fed 's decision on rate hikes. US dollar strength and Euro 's performance hold implications for trading dynamics. Crude oil's price surge contributes to inflation, adding to the cautious market sentiment. ...

Summary: Japan's inflation rate defies predictions, staying at 3.3% compared to the anticipated 2.5%. Core inflation, excluding food and energy, matches expectations at 3.1%, while 'core, core inflation ' reaches a 42-year high of 4.3%. Japanese yen weakens as the dollar gains strength, prompting discussions about potential Bank of Japan policy changes. ...

Summary: The UK economy faces concerns as initial data shows an unexpected rise in June's inflation rate to 4.2%. Job numbers indicate potential hesitance by the Bank of England in raising interest rates . Unemployment reaches levels not seen since October 2021 amid recent events like Wilco's administration. Average hourly earnings grew by 8.2% in June, aligning with expectations of further interest rate increases. The uncertain monetary policy outlook hinges on upcoming consumer price inflation figures. Sterling reacts positively to data release, impacting currency performance. Future economic trajectory depends on up...

Summary: The Jackson Hole symposium begins, raising expectations about its impact on markets, interest rates , and the US dollar. Central banks grapple with the challenge of balancing inflation control and fostering economic growth . Fluctuations in the US dollar are not solely tied to the symposium but have multiple influencing factors. The euro's performance is analyzed in relation to recent dollar movements and support levels. Federal Reserve Chairman Jerome Powell's upcoming speech holds key insights for future market trends. ...

Summary: Halifax , the UK's biggest mortgage lender, is reducing rates by up to 0.71 percentage points. HSBC and other major banks have also announced rate cuts in response to rising mortgage rates. The reduction in rates provides relief to homeowners and potential buyers, especially for fixed-rate deals. The move is influenced by expectations of Bank of England rates and inflation trends. Mortgage rates have been on the rise due to consecutive interest rate increases by the Bank of England . Recent decrease in inflation offers optimism about possible rate stabilization. Mortgage companies are aiming to attract customers by ...

Eurovision 2023: Decision to ban Volodymyr Zelenskyy from making address 'disappointing' So, very good morning to you, and I do want to talk about Eurovision in just a moment. But before we get on to that, a couple of stories around today that I want to ask you about. Firstly, comments by the former Conservative Home Secretary, Preeti Patel today, saying that Rishi Sunak needs to offer more hope and optimism for conservatism, or she says he risks presiding over a managed decline of the party and defeat of the next election. Is she right? So, you know, I have a marginal seat. I am reliant on the grassroots of the party to help me. They are determined, as I am, and I think most people within the party, to support the Prime Minister in the endeavours that he has to try and grow the economy and tackle the issues that are the people's priorities. So, I think what they want us t...

Ofgem energy price cap falls - but average household bills still expected to rise The energy watchdog has reduced the energy price cap to £3,280 effective from 1 April. It's currently £4,270. Despite this, bills are still expected to rise by 20% because the Government's energy price guarantee, which caps House or bills at £2,500 annually, will rise to £3,000. The Chancellor, Jeremy Hunt, is facing calls from opposition parties to keep the support at the current level in his spring budget next month. Let's get more on that, should we? And Goprit is here with us. So the ceiling's come down, but our bills are still going to go up. Yeah, it's a bit complicated. But when you add up all the numbers, actually the result is that households and businesses are worse off as a result of it. So this should be good news. Of jam set, something called the energy price cap. It li...

Train strikes: RMT Boss says pay offer 'not acceptable' Well, the R&T General Secretary, Mick Lynch, joins me now. A very good morning to you, Mick Lynch. First of all, just how much support do you expect to have for the walkout today? Just how disruptive will this strike be? Well, our members will be out all over the country. They'll be on picket lines up and down the rail network. We've had a very strong mandate to renew our action in the last week or so, a nine-to-one vote on a heavy turnout. So our members are up and down the picket lines, taking the action as instructed by the union and as voted for by them. And so the action is solid, and it will be as long as this campaign goes on. People watching will know that this dispute has been going on for a long time. How close are you now to a resolution? Well, we had an offer put to us, the second or third offer,...

Why the world was wrong about Putin | Analysis People are packing up in their cars. They're getting out of here. A few days before I found myself standing there on the edge of Kharkiv, watching those first tank shells hit into the apartment blocks in Saltyvka, my editor, Louis Emmanuel, had asked me to come up with something to be published on the day of the war, if the war began, explaining to readers why this was happening. And I was hoping it would never be published. It was, and the answer I came up with was, probably in the simple balance of power. I quote it, Russia's military is at its strongest and most capable since the Cold War. Its public finances are also in good order, and Mr Putin may believe he is well placed to bear the costs of the conflict and inevitable sanctions. We'll come back to that in a second. The West is conversely at a moment of historic econo...

Summary: German PMI services plunge from 52.3 to 47.3, while manufacturing PMI improves slightly from 38.8 to 39.1. Economists warn about the possibility of stagflation in Germany 's services sector, requiring ECB to consider rate hikes. Eurodollar chart shows Euro weakening against the US dollar, with implications tied to the upcoming Jackson Hole symposium . Germany 's position as the Eurozone's largest economy intensifies the impact of these economic developments. ...

Summary: Central banks face a significant week with crucial interest rate decisions. The Federal Reserve is expected to raise rates and provide insights through the press conference. The European Central Bank will likely indicate ongoing commitment to supporting economic growth. The Bank of Japan is anticipated to maintain its short-term interest rate target. Global markets closely monitor these decisions for potential currency shifts and investor reactions. Central banks wor...

Tata Group to Invest £4 Billion in UK Electric Car Battery Factory, Creating Thousands of Jobs Summary: Tata Group announces £4 billion investment in a new UK electric car battery factory. The investment is expected to create thousands of jobs and make the factory one of Europe's largest battery production facilities. Chancellor Rishi Sunak praises the investment as a 'fantastic vote of confidence' in the UK economy. Factors influencing Tata's decision include the quality of skilled workers, the competitive tax regime, and supportive government policies. The location of the Gigafactory is yet to be disclosed. Prime Minister remai...

Passengers at London Waterloo react to the 5.9% increase in fares And what's your reaction to the average 5.9% increase in fares today in England and Wales? Well I mean obviously everyone's cost has gone up, the electricity to run the railway and everything else but prices were very very high compared to the rest of Europe anyway. So it does cut a little bit because we've all got changes at the moment. It's not really happy to hear it kind of increasing like that. Yeah I think it's tough times we're living in and considering how much we depend on public transport these days it's not going to be well received I think by many to hear that it's increasing. Considering the current state of the trains as well, this mix with the price increase is probably going to be met with some resistance I would say. It's amazing, it just keeps going all the time you ...

Martin Lewis: Energy Price Guarantee rise would be 'act of national harm' If the price rises in April, it's not firms, it's not regulators, it is the government putting people's prices up. Well, I wrote to the Chancellor three weeks ago, asking him to not increase the rise, the energy price guarantee in April by 20% as planned, for all the reasons that have just been outlined there. And most importantly, what you have to understand is if we do increase it, it would result in an act of national mental health harm. People have been battered by successive rises in energy bills, 14% rises in broadband, 7% in water, 5% in council tax. And for the sake of just three months, and you heard the explanation of why it's just three months there, to send millions of people another letter is bad for people's finances. It's bad for people's state of mental health....