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UK firms report first growth in three months, cost pressures ease - PMIs

UK firms report first growth in three months, cost pressures ease - PMIs

By Suban Abdulla LONDON, July 24 (Reuters) - British firms reported their first growth in three months in July, helped by a brief respite in the Iran war, and were the most upbeat since the conflict began, according to a survey that may provide early encouragement for for new Prime Minister Andy

Take Five: A $100 question

Take Five: A $100 question

LONDON, July 24 (Reuters) - It's all about central banks next week and interest rate-setters as distant as Tokyo, Washington and London will only grow more nervous as war escalation in the Middle East puts oil prices back to $100.

Stagflation talk returns to rattle markets as oil rebounds to $100

Stagflation talk returns to rattle markets as oil rebounds to $100

By Alun John, Dhara Ranasinghe and Sophie Kiderlin LONDON, July 24 (Reuters) - Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth

Euro zone business activity returns to growth in July for first time in four months, PMI shows

Euro zone business activity returns to growth in July for first time in four months, PMI shows

LONDON, July 24 (Reuters) - Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders, even as high inflation and renewed conflict in the Middle East clouded the outlook, a survey showed on Friday.

Instant View: ECB leaves rates on hold, but keeps door open to further rate hikes

Instant View: ECB leaves rates on hold, but keeps door open to further rate hikes

LONDON, July 23 (Reuters) - The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again.

ECB to pause rate hikes but signal that more may be needed

ECB to pause rate hikes but signal that more may be needed

By Balazs Koranyi and Francesco Canepa FRANKFURT, July 23 (Reuters) - The European Central Bank is all but certain to keep interest rates unchanged on Thursday but will hold the door wide open to another rate hike in September, as a fresh jump in energy prices threatens to put more upward pressure

Asian stocks skid as oil spike revives inflation fears, bonds take a hit

Asian stocks skid as oil spike revives inflation fears, bonds take a hit

By Stella Qiu SYDNEY, July 24 (Reuters) - Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.

UK inflation slows to 2.6% in June

UK inflation slows to 2.6% in June

LONDON, July 22 (Reuters) - Britain's annual rate of consumer price inflation fell to 2.6% in June from 2.8% in May, official figures showed on Wednesday.

Weak UK jobs market holds steady as new PM takes office

Weak UK jobs market holds steady as new PM takes office

By Suban Abdulla LONDON, July 21 (Reuters) - Britain's job market appears to have stabilised at weak levels with official data showing annual wage growth and unemployment steady in the three months to May and payrolled employment little changed in June despite political turmoil in Westminster.

Morning Bid: Alphabetting

Morning Bid: Alphabetting

By Mike Dolan LONDON, July 22 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Oil prices, bond yields and chip stocks were rising in sync again overnight, as this renewed round of fighting between the U.S. and Iran entered its eleventh day with no

UK employer pay awards hold at 3.3%, Brightmine says

UK employer pay awards hold at 3.3%, Brightmine says

LONDON, July 22 (Reuters) - Pay settlements by British employers held steady in the three months to June despite concerns about the Iran war and economic uncertainty, according to data published on Wednesday that will be studied by the Bank of England.

Euro zone banks tighten credit access on war fears

Euro zone banks tighten credit access on war fears

FRANKFURT, July 21 (Reuters) - Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday.