geopolitical tensions rise after Poland missile hit

Inflation has ‘probably’ peaked, the fund manager says After US wholesale and consumer inflation came in softer than expected over the past week, we may have seen price increases peak, according to Dan Avigad, partner and portfolio manager at Lansdowne Partners. “Inflation has peaked, probably, and is going to most likely start to come down. … Read more

European markets higher, recession risks, data, earnings

Failed tax cut attempt will cause long-term damage to UK credibility, think tank says The UK government’s attempt to introduce a swath of tax cuts, which today it almost fully backtracked on after sparking chaos in the markets, has caused long-term damage to the economy, according to a leading think tank. “The markets were extremely … Read more

European markets open to close, BOE and SNB rate decisions

European stocks close lower after central bank hikes European stocks ended the day lower after central banks in Switzerland and the UK announced interest rate hikes. The Stoxx 600 closed down 1.8% with all sectors in the red except banks and basic resources, which were flat. The British pound fell to a fresh 37-low against … Read more