Menu
09/10/2008
Global Markets Rally After Rates Cut
A co-ordinated global interest rate reduction has helped rally international markets, following one of the most financially turbulent weeks experienced in decades.
A massive capital injection by central government has helped banking shares boost the UK's FTSE 100 index by around 1.7%.
France's Cac index grew by 2.7%, while Germany's Dax added 1.9%.
Across the pond, the Dow Jones index on Wall Street opened 1.4% up.
The Nikkei index in Japan closed lower on fears for its economy.
Japan was unable to cut interest rates any further yesterday, as the domestic rate already stood at 0.5%.
Investors became anxious after more work to strengthen the economy was ordered by Prime Minister Taro Aso - who has already administered 2 trillion yen to stimulate markets.
UK banks saw share values rise, aided by yesterday’s rescue plan which was unveiled by Prime Minister Gordon Brown.
Stocks in HBOS were up 36%, with the Royal Bank of Scotland adding 16%.
However, analysts are still unsure whether the move will be enough to end the ongoing economic turmoil.
(PR/JM)
A massive capital injection by central government has helped banking shares boost the UK's FTSE 100 index by around 1.7%.
France's Cac index grew by 2.7%, while Germany's Dax added 1.9%.
Across the pond, the Dow Jones index on Wall Street opened 1.4% up.
The Nikkei index in Japan closed lower on fears for its economy.
Japan was unable to cut interest rates any further yesterday, as the domestic rate already stood at 0.5%.
Investors became anxious after more work to strengthen the economy was ordered by Prime Minister Taro Aso - who has already administered 2 trillion yen to stimulate markets.
UK banks saw share values rise, aided by yesterday’s rescue plan which was unveiled by Prime Minister Gordon Brown.
Stocks in HBOS were up 36%, with the Royal Bank of Scotland adding 16%.
However, analysts are still unsure whether the move will be enough to end the ongoing economic turmoil.
(PR/JM)
Related UK National News Stories
Click here for the latest headlines.
05 August 2010
Bank Of England Retains Low Base Rate
Base interest rates in the UK are again being kept on hold at just 0.5% - the same level it has been at for the past 18 months The Bank of England has voted to keep interest rates at this all-time low amid concerns over the strength of the economic recovery.
Bank Of England Retains Low Base Rate
Base interest rates in the UK are again being kept on hold at just 0.5% - the same level it has been at for the past 18 months The Bank of England has voted to keep interest rates at this all-time low amid concerns over the strength of the economic recovery.
07 August 2014
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
16 August 2007
Stock Markets Fall As Debt Concerns Bite
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
Stock Markets Fall As Debt Concerns Bite
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
17 July 2012
Inflation Rates Falls To 2.4%
UK prices are rising at their slowest rate since the end of 2009, according to official figures. The Office for National Statistics have said that the annual inflation rate, as measured by the Consumer Prices Index, fell to 2.4% in June, down from from 2.8% in May.
Inflation Rates Falls To 2.4%
UK prices are rising at their slowest rate since the end of 2009, according to official figures. The Office for National Statistics have said that the annual inflation rate, as measured by the Consumer Prices Index, fell to 2.4% in June, down from from 2.8% in May.
18 November 2014
Inflation Rises In October - ONS
New figures from the Office for National Statistics (ONS) have revealed the UK's inflation rate rose to 1.3% in October, up 0.1% on September. The rate, measured by the Consumer Price Index (CPI), brings inflation up from a five-year low. The increase is due to strong prices in the transport, recreation and culture sectors, according to the ONS.
Inflation Rises In October - ONS
New figures from the Office for National Statistics (ONS) have revealed the UK's inflation rate rose to 1.3% in October, up 0.1% on September. The rate, measured by the Consumer Price Index (CPI), brings inflation up from a five-year low. The increase is due to strong prices in the transport, recreation and culture sectors, according to the ONS.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
