The Bank of England raised the chances of an August rate rise after its chief economist joined two other members of its rate-setting monetary policy committee voting for an immediate hike in borrowing costs.
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
LONDON (Reuters) – Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world’s supply of crude.
Chancellor Philip Hammond has been given a boost after official figures revealed the public finances are in better shape than had been thought.
Next trading day’s important events
15:30 (GMT+3) CA – Retail Sales (MoM) (Apr)
S&P 500: 2751.87
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