Revised figures from the UK's Office for National Statistics revealed that the economy showed no growth in the three months to September. This marks a downgrade from the preliminary estimate of 0.1% GDP growth published earlier. French President Emmanuel Macron has announced a new cabinet under Prime Minister François Bayrou, following the collapse of the […]
US Treasuries faced negative returns this week as the 10-year yield climbed to its highest level since May, surpassing 4.50%. On Thursday, the Federal Reserve implemented an expected 0.25% rate cut, lowering the federal funds target range to 4.25%-4.50%. However, the Fed signalled a more cautious stance on future cuts, emphasising it will carefully assess […]
The European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.0% but signalled a cautious stance on future easing, while the Swiss National Bank (SNB) surprised with a larger cut of 50 basis points to 0.5% amid easing inflationary pressures. Meanwhile, UK GDP unexpectedly contracted by 0.1% in October on weak […]
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