Published On Sep 30, 2024, 2:33 AM
Recent official figures indicate that the UK economy grew by 0.5% from April to June, which is less than the initially reported 0.6%. Key sectors such as manufacturing and construction have seen more significant declines than previously thought. This data comes as the Labour government prepares its first budget, focusing on economic growth as a central concern.
Negative
The UK economy's slower growth rate may lead to caution among investors, particularly in sectors sensitive to economic fluctuations. As manufacturing and construction face challenges, ETFs and stocks related to these industries may decline in value.
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Oct 2, 2024, 6:00 AM
A confluence of geopolitical factors has suddenly turned somewhat sleepy commodities into must-watch markets.
Gatestone Institute senior fellow Gordon Chang discusses China cutting existing mortgage rates, the Biden administration's relationship with the country and President Xi Jinping's rising aggression.