Guardian Stockbrokers

London open: Stocks steady as investors mull HSBC numbers, IWG tumbles London stocks were steady in early trade on Monday as investors mulled over the latest results from banking giant HSBC. At 0830 BST, the FTSE 100 was flat at 7,660.83, while the pound was down 0.1% against the dollar at 1.2988 and unchanged versus […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK services PMI declined in July In the UK, the services PMI dropped to a level of 53.50 in July, compared to market expectations of a fall to a level of 54.70. The index had registered a reading of 55.10 in the […]

BoE raised its key interest rate The Bank of England (BoE) hiked its key interest rate by 25 basis points to 0.75% at its recent policy meeting, as widely expected. Meanwhile, the BoE Governor, Mark Carney, stated that the policy needed to “walk not run” and expressed concern over Brexit. UK construction PMI surprisingly climbed […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing PMI dropped in July The UK’s manufacturing PMI registered a drop to a level of 54.00 in July, lower than market expectations of a fall to a reading of 54.20. The index had registered a revised reading of 54.30 in […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. Euro-zone CPI advanced more than expected in July In the Euro-zone, the preliminary consumer price index (CPI) recorded a rise of 2.10% in July on a YoY basis, more than market expectations for an advance of 2.00%. The CPI had registered a […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK number of mortgage approvals for house purchases rose in June In the UK, number of mortgage approvals for house purchases rose to a level of 65.60 K in June, compared to a revised level of 64.70 K in the prior month. […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. German import price index rose more than expected in June On a monthly basis, the import price index in Germany registered a rise of 0.50% in June, more than market expectations for an advance of 0.30%. The index had climbed 1.60% in […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. ECB kept its key interest rate unchanged The European Central Bank (ECB) kept its key interest rate unchanged at 0.00%, at par with market expectations 0.00%, and reiterated its plan to end its massive bond-buying programme in December 2018. The ECB Chief, […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. German Ifo business expectations index dropped in July The Ifo business expectations index in Germany eased to a level of 98.20 in July, compared to market expectations of a drop to a level of 98.30. In the previous month, the index had […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. Euro-zone manufacturing PMI advanced unexpectedly in July In the Euro-zone, the flash manufacturing PMI recorded an unexpected rise to a level of 55.10 in July, compared to a reading of 54.90 in the prior month. Market anticipation was for the index to […]