Oil price falls 5% after Israel’s attack on Iran; UK business confidence hits four-month low ahead of budget – business live

Oil price falls 5% after Israel’s attack on Iran; UK business confidence hits four-month low ahead of budget – business live
By: The Guardian Posted On: October 28, 2024 View: 3

Rolling coverage of the latest economic and financial newsMonday briefing: How Iran could retaliate against the latest round of Israel airstrikesKeir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budgetAnalysts at Goldman Sachs are predicting that economic uncertainty in the UK should fall once Wednesday’s budget has passed – unless the bond market reacts badly, of course!In a research note, they predict Rachel Reeves will steer a middle course, which could be good for shares in UK companies.Our economists expect the government to set a budget that finds a middle ground: it won’t be so tight as to hinder growth and investment, nor so loose as to risk fiscal stability.If this is the case, it would be a support for our Buy British view and Long recommendation on FTSE 250. Continue reading...

Read this on The Guardian BitAddax - Win with Crypto
  Contact Us
  Follow Us
  About

Headlines Portal is your source for all news globally.