Live Chat

UK inflation slowed to 2.3% year-on-year in April

UK Inflation Falls by Less Than Expected to 2.3%

UK inflation slowed a lot but not as much as expected. Sterling had been advancing a bit in anticipation of this ‘beat’ to the consensus expectations, jumped higher then faltered a bit. There is another inflation reading due before the next Bank of England (BoE) meeting.

The chance of a cut in June nevertheless fell sharply on the UK inflation number, which came in 2.3% year-on-year in April, falling to its lowest level since July 2021.

But the decline from March’s 3.2% was not as precipitous as the 2.1% expected.

And worryingly for the BoE, services inflation declined to 5.9% vs 5.5% expected. This may stay the hand of the more cautious members of the MPC for a while longer.

And in fact, it may be a blessing for the BoE to prevent it from potentially cutting too soon in this cycle – we have seen how persistent inflation is and with UK wage growth still running at 5-6% there is plenty of juice in that particular tank. Either way, there is another month of data still to come.

உங்களின் மாற்ற முடிவைத் தேர்வுசெய்யவும்

நீங்கள் இன்று வர்த்தகத்தைத் தொடங்கியிருந்தால், உங்கள் கற்பனையான P/L ஐக் (செலவு மற்றும் கட்டணங்களுடன்) கணக்கிடுங்கள்.

மார்கெட்

ETFகள் Search
ETFகள்
கிரிப்டோ
பங்குகள்
நாணயங்கள்
பத்திரங்கள்
வியாபாரச் சரக்கு
குறியீடு

நிதிசார் கருவிகள்

Search
Clear input
Porsche
Procter & Gamble
Roku Inc
Deere
Quanta Services
UniCredit
Rolls-Royce
Inditex
Deliveroo Holdings
Goldman Sachs
Coca-Cola Co (NYSE)
Infosys
Toro
ChargePoint Holdings Inc
Comcast
Chipotle
Campari
The Cheesecake Factory
Virgin Galactic
LVMH
Eni
Medtronic
ProSiebenSat.1
Qualcomm
BioNTech
SIG
Meta (Formerly Facebook)
Philip Morris
Visa
Schlumberger
SMCI
Plug Power
Nike
ADT
3D Systems
Nikola Corporation
Pinterest Inc
Bristol Myers
Jumia Technologies
Broadcom
Upstart Holdings Inc
Salesforce.com
Amazon.com
Cinemark
Moderna Inc
AMC Entertainment Holdings
Air France-KLM
Glencore plc
Starbucks
Uber
Golar LNG
Pfizer
Palantir Technologies Inc
CrowdStrike Holdings
Mastercard
Blackrock
Vir Biotechnology
Toyota
Kuaishou
MerckCo USA
Cisco Systems
Porsche AG
II-VI
JD.com
Snap
JP Morgan
Lululemon
UPS
AIA
Deutsche Bank
Airbus Group SE
Zoom Video Communications
XPeng Inc
Trade Desk
AbbVie
Sartorius AG
Mondelez
Hammerson
CNOOC
Snowflake
Thermo Fisher
CCB (Asia)
Kraft Heinz
Unilever
China Life
eBay
Linde PLC
GameStop
Infinera
UnitedHealth
ASOS
SAP
Barclays
Christian Dior
Wish.com Inc
AstraZeneca
FirstRand
SONY
CAT
Applied Materials
BlackBerry
ALIBABA HK
British American Tobacco
AT&T
Siemens
Diageo
Palo Alto Networks
Vipshop
Amgen
Prosus N.V.
ASML
Airbnb Inc
Lithium Americas Corp
JnJ
Wal-Mart Stores
Nasdaq
Exxon Mobil
McDonald's
Shopify
Hermes
Iberdrola
Peloton Interactive Inc.
Apple
Volkswagen
Marriott
Sea
Micron
Conoco Phillips
Morgan Stanley
Ford
Upwork Inc.
Nel ASA
Bank of America
Accenture
Santander
Abbott
Trump Media & Technology Group
Royal Bank Canada
UiPath Inc
Spotify
Fedex
LUCID
Anglo American
Allianz
Dave & Buster's
Shell plc (LSE)
Xiaomi
Adidas
Skillz Inc
HDFC Bank
Cellnex
Freeport McMoRan
Wells Fargo
PepsiCo
Berkshire Hathaway
Lockheed Martin
Coinbase Inc
HSBC
Target
Netflix
Vonovia
PayPal
DISNEY
Invesco Mortgage
Blackstone
Boeing Co
Lumentum Holdings
Canopy Growth
Beyond Meat
Block
Qorvo
Delivery Hero SE
Teladoc
Unity Software
PG&E
Microsoft
Gilead
Li Auto
Chevron
Naspers
BP
MercadoLibre.com
Alibaba
New Oriental
CarMax
Lemonade
Citigroup
Two Harbors Investment aration
Taiwan Semi
Total
Bayer
Marston's
Twilio
Home Depot
Oracle
Gen Digital Inc
Baidu
ZIM Integrated Shipping Services Ltd
T-Mobile
Norwegian Cruise Line
ON Semiconductor
American Express
Macy's
Vodafone
L'Oreal
Tesla
Robinhood
Nio
Lloyds
Aptiv PLC
Novavax
Norwegian Air Shuttle
American Airlines
TUI
Annaly Capital
RTX Corp
NVIDIA
Adobe
General Motors
PETROCHINA
Aurora Cannabis Inc
Barrick Gold
Fuelcell
General Electric
Anheuser-Busch Inbev
Continental
Eli Lilly
F5 Networks
Etsy
Hubspot
easyJet
Telecom Italia
Ceconomy
Rio Tinto
AMD
Cameco
Arista
Tencent
British American Tobacco
DeltaAir
Verizon
Airbus
Lufthansa
Teleperformance
GSX Techedu
Rivian Automotive
Wayfair
IBM
Bilibili Inc
HSBC HK
Occidental
Lyft
IAG
Costco
Tilray
Fresnillo
Intel
ROBLOX Corp
BASF
Workday Inc
GoPro
DoorDash
Electrolux
GoHealth
Alphabet (Google)

கணக்கு வகை

திசைகள்

அளவு

தொகையானது சமமாக அல்லது அதிகமாக இருக்க வேண்டும்

தொகையானது இதைவிடக் குறைவாக இருக்க வேண்டும்

குறைந்தபட்ச லாட்கள் அதிகரிக்கும் அளவின் அடிப்படையின் மடங்காக தொகை இருக்க வேண்டும்

USD Down
$-

மதிப்பு

$-

கமிஷன்

$-

ஸ்ப்ரெட்

-

லிவரேஜ்

-

மாற்று ஃபீஸ்

$-

தேவைப்படும் மார்ஜின்

$-

ஒரே இரவில் இடமாற்றம்

$-
வர்த்தகத்தைத் தொடங்குங்கள்

கடந்தகால செயல்திறன் எதிர்கால முடிவுகளின் நம்பகமான குறிகாட்டியாக இருப்பதில்லைை.

உங்கள் கணக்கின் நாணயத்திலிருந்து வேறுபட்ட நாணயத்தில் குறிப்பிடப்பட்ட கருவிகளின் அனைத்து நிலைகளும், நிலை வெளியேறும் இடத்திலும் மாற்று ஃபீஸ் விதிக்கப்படும்.

Prospect of UK Interest Rate Cuts Dwindles After UK Inflation Print

Markets now price a roughly 15% chance of a cut next month, down from around 50% before the UK inflation data. The chance of a cut in August is no longer fully priced, now a coin toss. Remember, market pricing is not necessarily a great predictor of events.

Only the best guess for the moment. Gilt yields moved up sharply led by the front end, pushing up global yields, which is maybe just weighing on risk this morning and pushing stocks down a tad. European stock markets declined in early trade on Wednesday with the FTSE 100 index down around half a percent to a two-week low.

Adding to the upward pressure on yields, the RBNZ held rates steady but flagged a potential delay in cuts due to persistent inflation. The European Central Bank, meanwhile, has sent a very strong signal it will cut in June. Oil has slipped to a week-low – inventories are due later.

Marks & Spencer Shares up 9% After Profits Rise by 58%

Marks & Spencer bucked the trend with a gain of 9% after profits rose 58%. Lots to like about MKS here with the turnaround and shares reflecting the improvement now +82% over the last 12 months.

A year ago, I said that LFL (like-for-like) food sales +5.4% seems alright, but not excessive — margins compressed, 3.4% in food vs 4% management target. Clothing and home margins +8.7%, above 2019/20 levels, but below the 10% target. Online margin down to 5% from 9.1% due to investment and cost pressures.

Fast forward a year and we see LFL Food sales up 11.3% and margins up to 4.8%. Clothing & Home LFLs +5.2% and margins above target up to 10.3%. And online margins are back up to 8.2% with the M&S App now accounting for 44% of orders as sales grew 7.8%. Management pat themselves on a job well done here, with the improvement thanks to the removal of unprofitable lines, logistics efficiencies, and reduced failed deliveries.

Nvidia earnings report comes amid resurgence in meme stocks

Nvidia Earnings Incoming

Loads resting on these results, NVDA stock is now 5% of the S&P 500 and has accounted for a fair chunk of its gains this year with its 92% rally in 2024. Wall Street has decided it’s going to be monster; options imply an 8-9% on the results. Any sniff of a downswing could hurt the overall market.

Revenues are seen +242% to $24.6bn, with net income soaring from $2bn to almost $13bn in what’s a staggering rise.

For the near term, investors will want to know more about any potential delay in new chip orders as it transitions to new models.

Extra Detail on Nvidia Earnings from Evercore, Deutsche, Wells Fargo

Here’s what analysts at Evercore ISI wrote of the upcoming Nvidia earnings:

"The combination of decelerating revenue growth and increased concerns about competition has driven Nvidia's relative P/E ratio to the lower-end of the 10-yr range, creating a scenario where a healthy beat-and-raise [on earnings Wednesday] will lead to near-term upside to the stock … and we expect a healthy beat-and-raise".

Deutsche Bank analysts say they are not sure there is much left in terms of surprises and are stuck with a hold rating:

“Overall, we remain impressed by NVDAs best-in-class technology roadmap and believe AI fervour by its customers is likely to be sustained, yielding yet another strong quarter/ guide. However, investors apparently have become more discerning of AI-driven upside in earnings season QTD, and we believe continued fundamental strength is already well understood”.

Wells Fargo was more upbeat, arguing Data Center revenue could reach $23-$24 billion vs the Street estimate for approximately $21.1bn. The bank’s analysts raised its Nvidia forward estimates and upped the target price on the stock from $970 to $1,150.

Wall Street ended Tuesday higher – the S&P 500 and Nasdaq both closing with fresh records. Vix at 11.86 was the lowest since November 2019. Usually, a period of successive record highs for SPX and super-low Vix readings is a harbinger of something nasty around the corner — but no one wants to miss out on the ride.

Morgan Stanley Macro Analysts Make Calls for H2 2024

MS macro analysts have made the following calls for the second half of the year

· Central banks to cut rates over the next 18 months

· Expects ‘good environment’ for risk assets with moderate growth, disinflation and rate cuts

· Bond yields to fall even as CBs shrink their balance sheets, US 10yr to 4.10%

· Could be more aggressive with easing, which could see yield curve steepen

· Bond issuance – second highest supply ever in 2024 - has not stopped positive returns

· Go from equal weight global and European equities to OW for both

· In equities preference for Japan and Europe over highly valued US

Goldman Sachs is out with a view on the Fed and points to our divergence thesis that is very much the core market narrative – the Fed to cut a tad later than the ECB and BoE. Maybe not so divergent from the BoE after today?

“The Federal Reserve will not be in the first wave of cutters because of the pickup in sequential core inflation during Q1. However, we also estimate that the market-based core PCE index ... rose just 0.18%, a pace that would be quite consistent with a July cut if maintained.”

FOMC meeting minutes are due out later tonight and are not usually massive — and we have a ton of Fed speakers this week.

Mester: “I need to see a few more months of inflation data that looks like it is coming down.”

Barr: “We need to sit tight where we are for longer than we had previously thought.”

And Fed governor Waller said the US central banks can “probably” rule out further rate hikes and had been “happy to see a reversal” in April of the acceleration in CPI registered in Q1.

He noted that Credit card and auto loan delinquency rates suggest some consumers are under stress.

It has risen a lot — to a 12-year high — but it’s not high by historic standards

Following the UK inflation reading, GBPUSD jumped from 1.2710 to 1.2760, but has pared gains after hitting its highest in a month.


When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

சமீபத்திய செய்திகள்

ஞாயிறு, 12 ஜனவரி 2025

Indices

Morning Note: U.S. Jobs Surge Spurs Dollar Rally, Shakes Global Markets

US and Eurozone Inflation

வியாழன், 9 ஜனவரி 2025

Indices

Week ahead: US and Eurozone Inflation, Chinese GDP and Financial Sector Earnings.

Canada employment data

வியாழன், 9 ஜனவரி 2025

Indices

Morning Note: Canada's Employment Data and USD/CAD Movements

வியாழன், 9 ஜனவரி 2025

Indices

IonQ stock News today: IonQ Stock Surges 780% within 6 months

Live Chat