Guy every single sector in europe is in negative territory. The stoxx 600, which was already a key level, that is broken. Stoxx 600 now trading for 60. Every single sector is in negative territory today. The fence is doing better. Even that sector is lower. Single stocks, things are interesting. Hugo boss is interesting. Outlook maybe not quite as rosy as anticipated. There was an interesting line of working capital as well. Stock. They have more of it than anticipated, which is interesting. What does that say about consumer demand . Bae systems, it is one of the bright spots today. Take a look. The stock is up by nearly 5 for pretty obvious reasons. Think about what is happening in the world, they can about what is happening in ukraine, bae systems is going to be a beneficiary. With the body demonstration, in terms of how it is going to use the ukraine budget for taiwan. Bae systems is one of the huge suppliers into the doe. Dod. Alix i was putting out some of the losers on the s p an
Does happen, if youve got a £200,000 mortgage on a 25 year repayment term , thats going to repayment term, thats going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point Interest Rate rise, if indeed thatis Interest Rate rise, if indeed that is what happens. Yeah. And of course, the other thing is that theyre going to give indication going to give an indication their as where they see their forecast as where they see things going and whether well have rates. It is have more Interest Rates. It is 5. 25. Just getting out 5. 25. Were just getting out through 5. 25, up another quarter of a as expected for many economists , thats really economists, thats really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5. 5, given that inflation in the uk is unusually high. Were at 7.
Feral highway administrator gis testimony on the implementation of the Infrastructure Investment and jobs act. Other legislation passed by congress. Federal reserve Jerome Powell announced for the first time in more than a year that there will be a pause in Interest Rate hikes. Prior to his announcement the feds had raised rates 10 times since the march of last year. The fastest in more than 40 years. Speaking at aly press conference with the federal open market committee. Good afternoon. My colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. We understand th hardship high inflation is causing and we remain strongly committed to bringing inflation back down to our 2 goal. Price stability is the sponsibility of the federal reserve. Witht price stability, the economy does not work for anyone. In particular we will not achieve a sustained labor Market Conditions that benefit all without it. Since early las
weekend, it is almost to the west because we have a frontal system are pushing in and it will take awhile to get here but it will eventually bring some heavy thunder and rain and behind ita bring some heavy thunder and rain and behind it a westerly wind and a return to something a bit fresher but ahead of the weather front, we can see highs of 30 or 31. on sunday afternoon. to sum it up it will be very warm indeed, the knights will be humid, it could be uncomfortable for sleeping and increasing chance of thundery downpours. that is what i have got a few. thanks, ben. and that s bbc news at ten on thursday the 22nd ofjune. there s more analysis of the day s main stories on newsnight with mark urban, which isjust getting under way on bbc two. the news continues here on bbc one, as now it s time to join our colleagues across the nations and regions for the news where you are. but from the ten team, it s goodnight. if more pain for borrowers as the rates go up again. the bank of