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Search resuls for: "Hannah Ward-Glenton Jenni Reid"


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☆ Europe markets close lower as U.S. debt ceiling talks stumble and UK inflation drops less than forecast
  + stars: | 2023-05-24 | by ( Hannah Ward-Glenton Jenni Reid Holly Ellyatt | Hannah Ward-Glenton | Jenni Reid | ) www.cnbc.com   time to read: +1 min
U.S. Treasury Secretary Janet Yellen previously warned lawmakers that a default in early June is "highly likely." Prices rose 1.2% month on month, above a forecast of 0.8%. "April 2022 saw energy prices increase by 47.5%. Thanks to the government's energy price guarantee, this energy surge has now dropped out of the year-on-year equation, leading the comparative inflation rate to naturally fall." The International Monetary Fund on Tuesday joined the Bank of England in saying that it no longer expects a U.K. recession this year.
Persons: Janet Yellen, Kevin McCarthy, Joe Biden, Jeremy Batstone, Carr Organizations: U.S, Treasury, Raymond James Investment Services, of England, Capital Economics, Monetary Fund, Tuesday, Bank of England Locations: European
☆ European stocks close higher after UK GDP data and earnings; Richemont shares rise 3.5%
  + stars: | 2023-05-12 | by ( Hannah Ward-Glenton Jenni Reid | Hannah Ward-Glenton | Jenni Reid | ) www.cnbc.com   time to read: +1 min
The pan-European Stoxx 600 closed 0.4% higher, with banks higher by 0.8% and oil and gas stocks gaining 1.5%. European stock markets closed higher Friday despite a downbeat week, as investors assessed the state of play across first-quarter earnings and economic data. France's Societe Generale beat first-quarter earnings estimates, as its shares climbed as much as 2%. Shares of the financial services provider closed 0.5% higher. Asia-Pacific markets closed mixed on Friday, while U.S. stocks were flat by the European close.
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