Expect BOE to Reduce Its Inflation Outlook, Skarica Says
Bruna Skarica, UK economist at Morgan Stanley, discusses the outlook for inflation amid today's Bank of England decision. Speaking on Bloomberg Television, she says the BOE is likely to "meaningfully reduce" its inflation outlook in the near term. "We actually think they'll be forecasting something around 3% into year end and potentially 2% for this time next year," Skarica says. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
19 minutes ago
- Bloomberg
US, China Trade Talks to Continue Tuesday After Day One Wraps
Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. Representatives for both nations ended their first day of negotiations in London after more than six hours of discussions at Lancaster House, a 19th century mansion near Buckingham Palace. The talks concluded around 8 p.m. London time. The advisers will meet again Tuesday at 10 a.m. in the British capital, the official said.
Bloomberg
24 minutes ago
- Bloomberg
Germany's SEFE to Announce 10-Year Deal For Gas From Azerbaijan
Germany's state-owned SEFE is expected to announce a 10-year deal to buy gas from Azerbaijan's state-owned Socar, according to people familiar with the matter. The agreement, which begins immediately, allows the German trading company to buy as much as 15 terawatt-hours of gas per year, the people said, speaking on condition of anonymity. That's equivalent to about 1.5 billion cubic meters per year. The gas is likely to reach Europe via the Trans Adriatic Pipeline, two of the people said. TAP, crosses Northern Greece, Albania and the Adriatic Sea before coming ashore in southern Italy.
Yahoo
27 minutes ago
- Yahoo
Circle rally, EchoStar bankruptcy report, IonQ acquisition
Here are some of the stories Wall Street is watching on Monday, June 9. Circle's (CRCL) post-IPO rally has given the Ark Fintech Innovation (ARKF) fund a big boost. EchoStar (SATS) is considering bankruptcy according to a report from the Wall Street Journal. IonQ (IONQ) is acquiring a UK quantum startup called Oxford Ionics. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo Finance's Market Minute. Shares of the Ark Fintech ETF hit the highest level since 2021. The rally led by Circle which has surged nearly 300% since its IPO last week, up about 3% on the day. The ETF's top holdings also include Shopify, Robinhood and Coinbase. The fund is just under 20% so far this year. And shares of Echostar, the parent company of Dish and Boost Mobile falling. The company is reportedly considering a Chapter 11 bankruptcy filing to protect its licenses from a looming FCC inquiry, according to The Wall Street Journal. And IonQ shares rising on news that is acquiring UK-based quantum computing startup Oxford Ionics in an over $1 billion deal. The company saying the merger will set a new standard in quantum computing and deliver superior value for customers. And that's your Yahoo Finance Market Minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
