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.
Investing.com – The Philadelphia Fed‘s manufacturing index fell in June, to a reading of 19.9 from 34.4 in May, the Philly Fed reported on Thursday.
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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