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Bank of England survey bolsters view of weaker British economy (news:10/08/16)

Today's Press

  • Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June's Brexit vote.

  • Britain’s FTSE 100 was down 0.2 percent at 6,836 while France’s CAC 40 dipped 0.3 percent to 4,454. Germany’s DAX fell 0.5 percent to 10,642. Futures augured a lukewarm opening on Wall Streets. Dow futures were flat and S&P futures edged up 0.1 percent.

  • The greenback slid against all of its major peers, dragging the Bloomberg Dollar Spot Index down for a second day. A gauge of emerging-market currencies climbed to the highest level since July 2015. Metals were also boosted by the dollar’s retreat, with palladium, tin and zinc rising to the highest in a year. Oil fell as U.S. stockpiles expanded and Saudi Arabia was said to have raised July production to a record. U.K. government bonds extended gains after the Bank of England indicated it will stick with its current quantitative-easing plans. European stocks and most Asian shares fell.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 101.22
  • EURUSD: 1.1175

Indices:

  • S&P 500: 2,180.20
  • NASDAQ : 5,218.00

 


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