Rolling coverage of the latest economic and financial news
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Reeves’s spring statement? The economy is great, don’t worry about the Middle East
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Global stock markets tumble as Trump bid to avert oil crisis in strait of Hormuz fails to reassure
Asia-Pacific stock markets have continued to tumble today, on growing fears that the US-Israel war on Iran will cause an energy shock.
Japan’s Nikkei was down 3.6% in late trading, while South Korea has plunged by 12%.
“With wage growth set to tail off, the living standards picture for the rest of the Parliament is bleak. This should remind policy makers of the need to both navigate near-term uncertainty and support productivity-based economic growth over the medium term. That is the only way to meaningfully lift living standards throughout Britain.”
Continue reading…Rolling coverage of the latest economic and financial newsReeves’s spring statement? The economy is great, don’t worry about the Middle EastGlobal stock markets tumble as Trump bid to avert oil crisis in strait of Hormuz fails to reassureAsia-Pacific stock markets have continued to tumble today, on growing fears that the US-Israel war on Iran will cause an energy shock.Japan’s Nikkei was down 3.6% in late trading, while South Korea has plunged by 12%.“With wage growth set to tail off, the living standards picture for the rest of the Parliament is bleak. This should remind policy makers of the need to both navigate near-term uncertainty and support productivity-based economic growth over the medium term. That is the only way to meaningfully lift living standards throughout Britain.” Continue reading…
