Following the interest rate cut in Britain, the British pound fell by 1.3% against the US dollar to the level of 1.3129.
The British currency weakened by 1.1% against the Euro to the level of 1.1818.
Breaking news – Aug 4th 2016 12:00 (GMT+1)
For the first time in more than seven years ago: Britain has lowered its interest rates to a low of 0.25%!
Market News Briefing – Aug 4th 2016 08:45 (GMT+1)
Today at 12:00 the Bank of England will announce the interest rate, after leaving the interest rates unchanged in the previous release.
The economists forecast is that the Governor will cut the interest rate, however also in the last time there were the same expectations which not materialized.
The UK central bank has not changed the interest rates since March 2009, when it lowered the interest rates to a low of 0.5%.
Market News Briefing – Aug 4th 2016 08:30 (GMT+1)
The leading European stock markets opened today with gains.
The German DAX climbed by 0.8% at the opening after rising 0.26% yesterday.
The French CAC climbed by 0.7% and the FTSE rises 0.1% after falling 0.17% yesterday.
The Asian morning trade rising as well when Japan’s Nikkei climbs more than 1%.
Market News Briefing – Aug 4th 2016 07:30 (GMT+1)
The trading on the stock exchanges of Wall Street yesterday ended on a positive trend and the Dow Jones finished his longest sequence of declines in almost a year, following a stronger than expected employment data which released in the US and a recovery in oil prices from a low of four months.
Market News Briefing – Aug 3rd 2016 14:00 (GMT+1)
On Friday the US Labor Department will publish the monthly employment report for July, and it seems that a good report, combined with good financial results of companies In their quarterly reports, will increase the probability an interest rate rise. However, disappointing results may rule out interest rate cuts in the foreseeable future.
Market News Briefing – Aug 3rd 2016 13:15 (GMT+1)
Better than expected employment data in the US
179 thousand private sector jobs were added in the US in July.
Economists had forecast a more modest increase of 165 thousand jobs.
At the same time, the data for June were revised for up to an increase of 176 thousand jobs compared with catches of 172 thousand jobs which reported originally.
Market News Briefing – Aug 3rd 2016 13:00 (GMT+1)
The futures contracts on leading indices on Wall Street are signaling on a negative trend at the opening of trading today.
It came at the background of declines in the European stock markets and after a mixed trend at Asian stock markets.
Market News Briefing – 08:00 (GMT+1)
The Asian stock markets trading is conducted with price declines, following the declines on Wall Street yesterday and after oil fell to below the price level of $40 a barrel.
Market News Briefing – 13:00 (GMT+1)
The declines in the European stock markets has slowed.
The future contracts at the leading indices on Wall Street are falling by 1.5%.
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