{ }
European stocks declined due to political instability in France and Germany, with Chancellor Olaf Scholz's government collapsing and an early election set for February 23. Meanwhile, France's credit rating was downgraded, although European PMI data showed less contraction than expected, easing some tariff concerns. The focus now shifts to the upcoming UK consumer price index data and the Bank of England's interest rate decision, with expectations of further rate cuts in the future.
IG
The Federal Reserve is expected to implement a 25 basis point rate cut in December, potentially lowering rates to 4.25% to 4.50%, contingent on inflation and employment data. In contrast, the Bank of England is likely to maintain its rate at 4.75%, balancing inflation control with economic growth.Market volatility is anticipated around both central bank meetings, particularly affecting currency pairs like GBP/USD and interest rate-sensitive sectors. Key economic indicators, including inflation and wage growth, will be crucial in shaping future monetary policy decisions into 2025.
IG
The UK Financial Conduct Authority (FCA) has launched a public consultation to refine crypto regulations, aiming to balance innovation with consumer protection. The initiative addresses market abuse, fraud, and transparency, with proposals for improved trading practices and collaboration among firms to combat fraud. A draft regulation is anticipated in 2025, with full implementation by 2026, as part of the UK government's strategy for a robust legal framework in the crypto sector.
UBS has maintained its "Buy" rating for BP, setting a target price of 525 pence. Analyst Joshua Stone noted the company's progress in asset sales, particularly with its joint venture in Egypt. This assessment reflects confidence in BP's strategic moves.
UBS has upgraded BP to a 'Buy' rating with a target price of 525 pence, citing the company's progress in asset sales through its joint venture in Egypt. Analyst Joshua Stone highlighted this development in his commentary released on Monday.
UBS analysts report that the UK economy has shown resilience despite a challenging political landscape, with the FTSE returning over 7% this year. While the upcoming budget may not be growth-friendly, it is expected to support economic growth in 2025. Investors are advised to focus on market performance rather than economic sentiment, as the FTSE could yield positive returns, particularly through dividends, even as interest rates decline gradually.
UBS analysts report that the UK economy has shown resilience despite a challenging political landscape, with the FTSE returning over 7% this year. While the upcoming budget may not be growth-friendly, it is expected to support economic growth in 2025. Investors are advised to focus on market performance rather than economic sentiment, as the FTSE could yield positive returns, particularly through dividends, even as interest rates are anticipated to decline gradually.
The U.K. Financial Conduct Authority (FCA) has proposed a new crypto regime that will prohibit public offers of crypto assets, building on existing promotion rules. The FCA seeks industry feedback on market admission, disclosures, and measures to combat fraud, with a new regulatory framework expected by 2026.
The Federal Reserve is expected to implement a 25-basis point rate cut in December, influenced by recent comments from Governor Christopher Waller and market expectations. In contrast, the Bank of England faces persistent inflation challenges, likely maintaining its rate at 4.75% amid a split among its Monetary Policy Committee members. Both central banks' decisions will significantly impact currency and stock markets, with traders advised to monitor economic indicators closely.
IG
The FCA is seeking feedback on plans to enhance transparency in the UK crypto markets, aiming to improve integrity and protect consumers. Proposed measures include stronger controls for firms, information sharing to combat market abuse, and clearer regulations to reduce risks of fraud and money laundering. Contributors have until 14 March 2025 to provide input, while the FCA emphasizes that crypto remains largely unregulated and high-risk.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.