Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

Musk out, German IFO survey, homebuilder sentiment, oil edges higher, gold wavers, cryptos lower

US stocks were unable to hold onto gains as recession worries run wild and as global bond yields surge higher after former Fed’s Dudley pushed back on expectations that the Fed will blink once the unemployment rate starts to climb higher. Also supporting the move higher in yields was the surge with gilt yields as investors unload the holdings of UK debt ahead of the BOE’s January bond sales.

19-12-2022 14:37 GMT by Edward Moya

Week Ahead - Into the festive season

US Wall Street will have a busy week of economic data releases and a handful of important earnings. Investors will pay close attention to Nike’s results after the bell on Tuesday. Nike could provide insight into how strong the Chinese consumer is and provide one of the latest updates for holiday spending. Other key earnings include General Mills, Carmax, Micron, and FedEx. Housing economic indicators will be plentiful this week, with weakness expected across building permits, housing starts

16-12-2022 10:22 GMT by Craig Erlam