Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 27/11/2021 18:20 
19.10.2021 15:27 News >> Global Markets On Alert For Possible Rate Hike By British Central Bank

Global Markets On Alert For Possible Rate Hike By British Central Bank

Concern grows among investors as Bank of England gears up to tighten monetary policy.

As rising inflation concerns push markets toward price tightening steps, all eyes will be on Bank of England (BoE) Governor Andrew Bailey's highly anticipated remarks on Tuesday.
Bailey sent a fresh signal two days ago that the BoE could soon hike interest rates, warning that the British central bank must act to contain inflation, especially possible medium-term inflation.
Some analysts say the BoE may take action this year or by the start of 2022 to become the first central bank among the world's advanced economies to raise interest rates.
With these developments two-year bond yields in the UK have increased by 12 basis points and five-year bond yields jumped by 8 basis points.
The British central bank is expected to increase the policy rate by 15 basis points at its next meeting on Nov. 4.
Observers will be looking for clues in Bailey's remarks on Tuesday, with the governor's recent comments boosting focus in European markets on tightening monetary policy.
All major indices in Europe closed in negative territory on Monday, shedding the gains seen last week.
London's FTSE 100 dropped 30 points, or 0.42%, to 7,203, while Germany's DAX 30 lost 112 points, or 0.72%, to close at 15,474.
Meanwhile, after Russia's Gazprom dashed hopes for more gas exports to Europe, natural gas futures surged by more than 10% before eventually dropping back to the initial level.
On the Asian side, China's economic growth rate of 4.9% in the third quarter fell short of expectations, with the slowdown primarily due to deceleration in the property sector and an energy supply shortage.
The country's industrial output also missed forecasts as it rose 3.1% in September.
Beijing's announcement that it will continue to provide financial support to SMEs increased the risk appetite.
On the other hand, uncertainties regarding the bond payments of Chinese real estate giant Evergrande remain a point of concern.
China's energy crisis could deepen as winter sweeps in and power plants are eager to stock up on coal, pushing prices to record highs.
In the US, 10-year bond yield fell from 1.63% to 1.58% and the flattening yield curve damped risk appetite.
US Treasury Secretary Janet Yellen has said the extraordinary measures implemented to ensure the country's debt limit is not crossed will be extended until Dec. 3.
Most US stock exchanges closed mixed on Monday, but the S&P 500 and Nasdaq climbed back to positive territory to extend their winning streak for the fourth consecutive day. -



        Latest News
Turkey, Turkmenistan Set On Meeting Trade Target Of $5B: Erdogan 11 minutes ago...
Turkey, Turkmenistan agree to accelerate relations in such fields as education, culture, youth, sports, says Turkish leader.
UK Detects 2 Cases Of COVID-19 Omicron Variant 11 minutes ago...
Malawi, Mozambique, Zambia, Angola also added to UK's travel red list, says senior health official.
Muslim Scholars Union Say Alliances With Israel 'Forbidden' -19 minutes ago...
IUMS statement comes following defense agreements between Morocco and Israel.
COVID-19 Cases Spike In South Africa As New Variant Raises Alarm -4 minutes ago...
President to gather top level meeting Sunday to assess developments in pandemic, scientific updates around Omicron variant.
Turkish Parliament Head Holds 2-Way Talks At 143Rd IPU Assembly In Spain 11 minutes ago...
Turkish parliament speaker Mustafa Sentop holds meetings on bilateral ties, joint steps to be taken in 143rd IPU Assembly.

 
      Top News
Israel Arrests 5 Palestinian Fishermen Off Gaza Coast Israel Arrests 5 Palestinian Fishermen Off Gaza Coast
19 People Die In Mexico Bus Crash 19 People Die In Mexico Bus Crash
UN Mission In Libya Condemns Attack On Sebha Court UN Mission In Libya Condemns Attack On Sebha Court
Kyrgyzstan To Hold Parliamentary Elections On Sunday Kyrgyzstan To Hold Parliamentary Elections On Sunday
Black Friday, Cyber Monday Online Sales To Set Records In US Black Friday, Cyber Monday Online Sales To Set Records In US
Ngos Warn That Refugees, Asylum Seekers Face Hunger In Greece Ngos Warn That Refugees, Asylum Seekers Face Hunger In Greece
Anadolu Agency's Morning Briefing - Nov. 26, 2021 Anadolu Agency's Morning Briefing - Nov. 26, 2021
52 Dead In Russia's Coal Mine Accident 52 Dead In Russia's Coal Mine Accident
US President Commemorates American-Indians' National Day Of Mourning US President Commemorates American-Indians' National Day Of Mourning
Executions Of Child Offenders In Iran Must Stop, UN Experts Say Executions Of Child Offenders In Iran Must Stop, UN Experts Say