FTSE 100 to fall from record high after Fed holds interest rates and Iran attacks; Rolls-Royce expects higher profits – business live
Live, rolling coverage of business, economics and financial markets as global stock markets drop after US central bank keeps interest rates steadyGood morning, and welcome to our live coverage of business, economics and financial markets.London’s FTSE 100 is set to fall when it opens after the US Federal Reserve held interest rates steady despite the increasing expectations of inflation, while Donald Trump’s renewed attacks on Iran promised to add fuel to the price rise fire.This rise in yields ended up weighing on equities after some big intra-day swings. The S&P 500 went from trading more than half a percent down pre-FOMC to higher on the day during Warsh’s press conference but then saw a sharp drop in the final hour of trading to close -1.52% lower.
Reported by 1 outlet — The Guardian US. See all sources ↓
Live, rolling coverage of business, economics and financial markets as global stock markets drop after US central bank keeps interest rates steadyGood morning, and welcome to our live coverage of business, economics and financial markets.London’s FTSE 100 is set to fall when it opens after the US Federal Reserve held interest rates steady despite the increasing expectations of inflation, while Donald Trump’s renewed attacks on Iran promised to add fuel to the price rise fire.This rise in yields ended up weighing on equities after some big intra-day swings. The S&P 500 went from trading more than half a percent down pre-FOMC to higher on the day during Warsh’s press conference but then saw a sharp drop in the final hour of trading to close -1.52% lower. Equities were also weighed down by another rout in chip stocks, with the Philly semiconductor index slumping by -5.33%.9am BST: Germany GDP growth (second quarter; previous: 0.3% quarter-on-quarter; consensus: 0.1%)10am BST: Eurozone GDP growth (second quarter; prev.: -0.2% quarter-on-quarter; cons.: 0.2%)10am BST: Eurozone unemployment (June; prev.: 6.2%; cons.: 6.2%)12pm BST: Bank of England interest rate decision (prev.: 3.75%; cons.: 3.75%)1pm BST: Germany inflation (July; prev.: 2.3%; cons.: 2.7%)1:30pm BST: US core personal consumption expenditure index (June; prev.: 0.3%; cons.: 0.2%)1:30pm BST: US GDP growth (second quarter; prev.: 2.1%; cons.: 2.1%) Continue reading...
Read the full report at The Guardian US ↗
Why it matters
A economy story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Live, rolling coverage of business, economics and financial markets as global stock markets drop after US central bank keeps interest rates steadyGood morning, and welcome to our live coverage of business, economics and financial markets.London’s FTSE 100 is set to fall when it opens after the US Federal Reserve held interest rates steady despite the increasing expectations of inflation, while Donald Trump’s renewed attacks on Iran promised to add fuel to the price rise fire.This rise in yields ended up weighing on equities after some big intra-day swings. The S&P 500 went from trading more than half a percent down pre-FOMC to higher on the day during Warsh’s press conference but then saw a sharp drop in the final hour of trading to close -1.52% lower.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 1m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
FTSE 100 to fall from record high after Fed holds interest rates and Iran attacks; Rolls-Royce expects higher profits – business live
Sources1TypeCoverageThe Guardian US