BofA now expects the BoE to hold rates in 2026, with one 25bps cut to 3.5% in November 2027 (revising its previous call of two 2026 hikes and three 2027 cuts); adds that a hike this year remains a close call on re-escalation risks
Chevron (CVX) CFO says gas prices will normalise, following pressure from President Trump on big oil companies, CNBC reports
UK FCA Consumer Finance Director confirms that buy now pay later products will come under formal regulation in July
BofA now expects the BoE to hold rates in 2026, with one 25bps cut to 3.5% in November 2027 (revising its previous call of two 2026 hikes and three 2027 cuts); adds that a hike this year remains a close call on re-escalation risks
Merck KGaA (MRK GY) agrees to acquire Bio-Techne (TECH) for c. USD 11.3bln
BofA extended its bullish USD view and forecasts into Q3 2026, staying short EUR/USD on its base case of three Fed rate hikes this year, and revised its year-end 2026 EUR/USD forecast down to 1.15 (prev. 1.20)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- BofA has cut its inflation forecast to 3.1% in 2026 and 2.3% in 2027, with growth revised up to 1.1% and 1.3% respectively
Related headlines
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates4 hours ago
- BoE Governor Bailey says the labour market is softening and the hiring rate has declined17 hours ago
- BoE Governor Bailey says "I do not think we are not on the verge of a recession", adds that latest data is looking a bit stronger17 hours ago
- BoE's Ramsden says the increased frequency of supply shocks may lead to a ratcheting-up of prices17 hours ago
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday17 hours ago
- BoE's Taylor judges that, for now, holding at a "moderately restrictive level" provides insurance. However, the conflict subsiding, energy moderating and underlying disinflation continuing would see the case for easing becoming stronger17 hours ago
- BoE's Greene says that the length of time oil prices has been high for, worries her, in relation to potential second round effects17 hours ago
- BoE Governor Bailey says the US Iran war has led to high energy prices and they could be still be higher18 hours ago
- [WATCH LIVE] BoE TSC on the August Monetary Policy Report18 hours ago
- BNP Paribas expects the BoE to lift interest rates by 25bps in November 2026 (prev. saw 25bps hike in September)20 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week4 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging7 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 11 hours ago
- Newsquawk European Market Wrap - 8th September 202617 hours ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 16 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes5 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20261 hour ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)6 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war4 hours ago
- Newsquawk Daily Economic Releases - 9th September 202617 hours ago
The whole workspace, free to try.
Try it free