BP’s Record Profits has the FTSE 100 Index Approaching New All-Time High
BP Earnings, FTSE 100 Index Analysis BP announces record profit, share buybacks and a step back from oil output reductions FTSE 100 Index approaches its first test of the newly formed all-time high on upbeat BP results. BP share price and positive tailwinds from Shell help keep the index moving higher The analysis in this […]
Another 50 bps rate raise due in March – UOB
Share: Economist at UOB Group Lee Sue Ann assesses the latest ECB event on February 2. Key Takeaways “The European Central Bank (ECB), at its first meeting of the year, lifted interest rates by 50bps. It also gave more details on how it intends to shrink its EUR5tn bond portfolio, reaffirming a monthly […]
FOMC Hikes Rates 25 bps As Expected, Leaves Open Further Hike Expectations
FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent The US benchmark is higher than its principal global counterparts, but that advantage has been previously priced in In the policy statement that accompanied the decision, the group […]