Markets
MarketsUS jobs report smashes forecasts; shares in Falklands oil explorers plunge as Argentina threatens sanctions – as it happened
Rolling coverage of the latest economic and financial news, as US economy adds 162,000 new jobs in August US added 162,000 jobs in August, with unemployment rate holding steady It’s official, UK car sales jumped last month. New car registrations rose by 13.7%
MarketsHealth-tracking smart ring maker Oura to list on US stock market
Valuation above $11bn expected for firm whose fans include Prince Harry, Jennifer Aniston and Kim Kardashian Fans of Oura are accustomed to using its trendy smart rings to fastidiously monitor their health but now investors are preparing to track a new metric:
MarketsBond market turmoil eases, as Bank of England chief economist argues for interest rate rise – as it happened
Rolling coverage of the latet economic and financial news Other European government borrowing costs are dipping this morning too. The yield on 10-year German bunds is down 1.5bps to 3.36%, while French 10-year bond yields are 1.5bps lower at 4.23%. Continue re
MarketsBond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – as it happened
Rolling coverage of the latest economic and financial news Global bond sell-off intensifies as US-Iran tensions stoke inflation fears Politics Live: Andy Burnham pressed on borrowing costs and spending at first PMQs The Guardian view on the global bond shock:
MarketsGlobal bond sell-off intensifies as US-Iran tensions stoke inflation fears
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepare
MarketsPrivate equity keeps picking off London-listed firms – and Westminster barely notices | Nils Pratley
Bodycote is the latest FTSE 250 industrial company set to fall to an overseas bidder, despite the government’s talk of ‘reindustrialising’ The UK is in the business of “reindustrialising”, says the prime minister. If we are, an increasing portion of the activi
MarketsGlobal bond rout deepens as oil prices jump; wheat prices highest since early 2023 – as it happened
European stock markets fall and Brent crude jumps above $92 a barrel amid renewed fighting in Middle East The FTSE 100 index is down just over 1%, driven by sharp falls in mining and manufacturing shares. Endeavour Mining is leading the index lower, down 8%, w
MarketsLondon Stock Exchange to lose three more firms after takeover offers
Latest purchases take value of deals to leave capital’s stock market this year past $100bn Three more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market so far this year passes $
MarketsAI could cause global economic downturn, Bank of England governor tells G20
Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial i
MarketsUS Federal Reserve’s Kevin Warsh warns there will be ‘work to do’ unless high inflation eases – as it happened
Rolling coverage of the latest events in global financial markets, the economy and major corporate moves In the metals market, supply fears have pushed the zinc price up to a four-year high. Zinc, which is used to galvanise steel, hit $3,955 a metric tonne thi
MarketsTrump administration reportedly considering ‘new round of sweeping tariffs on semiconductors’ – as it happened
Tech companies warn that move could jeopardise US hopes of dominating AI The number of young people not in education, employment or training has fallen in recent months after topping a million earlier this year, but remains high. There were 981,000 young peopl
MarketsThe London stock market dodged a bullet with Shein | Nils Pratley
China’s fashion giant will list in Hong Kong with a shrunken price tag – and big questions over its business model In a parallel world, we might now be preparing for the arrival on the London stock market of Shein, the giant Chinese-founded fast-fashion retail
MarketsMeta reaches $16.7bn settlement with US states over social media harms to children – as it happened
Agreement reached during California federal trial over claims brought by 29 states Miatta Fahnbulleh , the energy secretary, said the government will explore “what more we can do” to help those struggling with high bills, via “fundamental reforms” including in
MarketsGold hits highest level in three months as traders worry about US inflation and bond market jitters – as it happened
Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it The US car parts company First Brands Group , which makes things such as spark plugs, wiper bla
MarketsIran’s rial falls to record low as Scott Bessent warns of ‘economic D-day’ – as it happened
US Treasury secretary to announce sanctions against Tehran at a press conference at 1pm EDT (6pm London time) Some good news for the UK (and new PM Andy Burnham and his team): Productivity in the UK – a vital measure of economic health – is growing more strong
MarketsGold and bitcoin surge after US bond market selloff; UK economy on ‘firmer footing’ - as it happened
Rolling coverage of the latest events in global financial markets, the economy and major corporate moves Economists are also taking heart from the PMI survey, which will come as a welcome positive sign after the less-than-ideal public finances data earlier thi
MarketsWhy is the Trump administration causing turmoil in the bond markets? | Richard Partington
As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching ‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending Government borrowing costs around the world have surged to
MarketsTravelodge boss resigns amid criticism over handling of assaults; oil price tops $93 a barrel – as it happened
Joanna Boydell has quit as budget hotel chain scrambles to improve safety Meanwhile, the UK’s sports fashion retailer JD Sports has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers. JD Sports
MarketsUS Treasury bond yields tumble after Scott Bessent steps in to calm market – as it happened
US Treasury department announces it will ‘at least’ double its government debt purchases OpenAI has said it has slowed down the pace of its AI development while it overhauled its research and training systems. The company’s researchers were caught unaware
MarketsShares in humanoid robot firm Unitree surge 600% on Chinese stock market debut
Company’s robots have gained global fame via videos of them performing martial arts and as dancers for pop stars Unitree, the world’s biggest humanoid robot maker, has made a spectacular entry on to China’s stock market, with its shares surging by more than 60
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