Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
Respected labour mp, sir tony lloyd. On paper, it should have been relatively straightforward for labour to win. Labour has won there for the past 1a years. Azhar ali won the contest to be labours candidate and appeared as their candidate on the ballot paper. But Labour Disowned and suspended him over remarks widely alleged to be anti semitic. He said sorry for what he said. George galloway won the Bradford West By Election in 2012 another constituency with a significant Muslim Population he is standing. His critics accuse him of Stoking Division in towns he previously has had little to do with. In a campaign with a heavy focus on the plight of people in gaza, he said he offers a voice to people who otherwise wouldnt have one. He is a former labour mp and a former respect mp. His campaign was focused on the 30 of the constituency which is muslim. Simon danczuk is claiming to be a real alternative. He is the reform uk candidate, which used to be the brexit party, and he was the mp for r
Of the moskva river, at the church of the icon of the mother of god, in the maryino district, where navalny used to live. There was a heavy Police Presence outside the church. Our Eastern Europe correspondent Sarah Rainsford reports and a warning, some viewers may find some of the images in this distressing. They shouted his name. A Final Act Of Support for Alexei Navalny as his coffin arrived at a moscow church. Its the name Vladimir Putin refused to utter. Navalny, being buried today, was putins greatest political rival. So this funeral was a show of defiance, too. By those who queued to say their last goodbye in their many thousands. For them, navalny was the hope of change. A chance for a different russia. Supporting him is still dangerous, but that didnt stop this crowd. A woman said she was scared at first, even hid herflowers, but she couldnt stay away. This man describes navalny s death as a personal loss. Its very hard, he says. Western ambassadors came, too, to pay their resp
Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
This city. But he returned as a criminal defendant. He faces four charges and is accused of orchestrating an astonishingly Broad Campaign to overturn the Election Results of 2020. Its alleged he used unlawful methods to try to getjoe biden s victory blocked. Inside court, mrtrump s biden s victory blocked. Inside court, mr trumps lawyer pleaded not guilty on his behalf. The former president did speak as he left the city. When you look at what is happening, this is a persecution of a political opponent. This was never supposed to happen in america. Its easy to almost become immune to donald trump legal problems but this case is bigger than all the other indictments and that is because ultimately, its about american democracy. And how the former president stands accused of trying to overthrow it. January the sixth of the painful and indelible mark on the uss image here and worldwide. Five people died and more than 1000 were arrested. Donald trump is charged with inciting violence but acc