Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Thursday,04 August 2022 at 16:13

The Bank of England announced its biggest rate hike on Thursday since 1995 in the face of surging inflation, as it warned of a long recession.
The Bank lifted rates by 50 basis points to 1.75%. This marked the sixth increase in a row and was in line with economists’ expectations.
The Monetary Policy Committed voted 8-1 for the rate rise.
The Bank of England also warned the UK economy would enter recession in the October to December quarter.
UK & European stocks closed slightly higher as uncertainty returned following gains in the previous session.
U.S. stocks priced lower
Oil prices dipped as the market weighed tight supply against fears of a demand slowdown.

Gold neared a one-month high as a pullback in the dollar and U.S. Treasury yields provided support.

At the close
FTSE 100 7,448 +0.03%
FTSE 250 20,155 +0.68%
DAX 13,662 +0.55%
At 16:45
Dow Jones 32,734 (-0.24%)
S&P 500 4,149 (-0.11%)
NASDAQ 12,667 (-0.01%)
Fixed Income
UK 10-YR YIELD 1.888
Exchange Rates
GBP/USD 1.214
GBP/EUR 1.187
Gold $1,788 +1.40%
Brent $93.59 (-3.55%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2022 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange