Sector movers: Banks pace gains
14th Apr 2023 17:51
(Sharecast News) - Bank shares paced gains at the end of the week amid a raft of well-received sector earnings on the other side of the Atlantic and due to the possibility of further rate hikes in both the US and UK.
Read moreHSBC says sale of French retail banking arm could fall through
14th Apr 2023 13:08
(Sharecast News) - HSBC cautioned on Friday that the sale of its French retail banking arm to Cerberus-backed My Money Group may not go ahead as planned due to interest rate increases in France.
Read moreBoE hikes by 25bp, says inflation likely to fall sharply over rest of 2023
23rd Mar 2023 10:14
(Sharecast News) - The Bank of England went ahead and raised rates as expected, saying that global growth was expected to be stronger than anticipated in the February Monetary Policy Report.
Read more'HSBC built for times like this', BofA says, stays at 'buy'
13th Mar 2023 13:04
(Sharecast News) - Analysts at Bank of America reiterated their 'buy' recommendation on shares of HSBC telling clients that the lender was "built for times like these".
Read moreHSBC buys SVB UK unit after frantic overnight talks
13th Mar 2023 07:04
(Sharecast News) - HSBC has bought the UK arm of stricken Silicon Valley Bank for a nominal £1, the Asia-focused bank said on Monday after a night of frantic negotiations involving government ministers and Bank of England officials.
Read moreSize of next Fed rate hike not yet decided, Powell says
8th Mar 2023 16:33
(Sharecast News) - Jerome Powell told US lawmakers that no decision had as yet been taken regarding the size of the potential rate hike at the central bank's 21-22 March policy meeting.
Read moreFed's Powell tells Senate 50bp rate hikes possible - if needed
7th Mar 2023 14:26
(Sharecast News) - The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected.
Read moreChinese exports continue to decline in February
7th Mar 2023 07:52
(Sharecast News) - China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind.
Read moreChinese factory sector activity rebounds more quickly than expected in February
1st Mar 2023 06:41
(Sharecast News) - Factory sector activity in the People's Republic of China ramped up more quickly than expected in February, the results of two closely followed surveys revealed.
Read moreSunday newspaper round-up: Brexit deal, HSBC, Fresh fruit
26th Feb 2023 14:16
(Sharecast News) - Deputy Prime Minister Dominic Raab has refused to say whether Parliament will vote on the government's new Brexit deal. He did however tell Sky's Sophy Ridge on Sunday programme that "Parliament will find a away to have its say". The plan was expected to be unveiled possibly as early as Monday. "We want to handle this properly and in the right way," he said. I think one thing we've learned with meaningful votes and various other things since 2016 and beyond is that you have to carry Parliament with you, and I'm confident we would be able to." However, as of Sunday, it appeared unlikely that the proposals would satisfy the ERG or DUP. - Sunday Telegraph
Read moreBerenberg ups target for HSBC but prefers StanChart
22nd Feb 2023 11:55
(Sharecast News) - Analysts at Berenberg hiked their target price for shares of HSBC, telling clients that the lender's guidance for net interest income appeared to be "knowingly" conservative and could be supported by non-interest income.
Read moreHSBC Q4 profits surge on global interest rate hikes
21st Feb 2023 07:03
(Sharecast News) - HSBC said quarterly profits almost doubled, driven by the rise in global interest rates, and unveiled a special dividend.
Read moreFed's Powell says message from last policy meeting was that "disinflation process" had begun
7th Feb 2023 17:49
(Sharecast News) - The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.
Read moreAsia close: Stocks rise but analysts divided on outlook for China reopening
24th Jan 2023 10:17
(Sharecast News) - What Asian stock markets remained open over the Lunar New Year holiday were mostly higher again.
Read moreFed's Bullard argues in favour of continuing 'rapid' rate hikes
18th Jan 2023 16:41
(Sharecast News) - A top US central bank official argued in favour of hiking interest rates by 50 basis points at its next meeting to ensure that inflation would fall back to the monetary authority's 2.0% target.
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