Stock market news of companies and geopolitics, Bank of England rate cut, cooling of the US labor market
Latest stock market news
• The US stock market grew by an average of 1% yesterday. The growth leaders were the XLY, XLP, XLK, XLC sectors. And the decline leaders were XLV.Everything is calm in the morning.Bitcoin is hovering around $115 thousand. Ether has risen back to $3700.
• There is little doubt in the market that the Bank of England will cut interest rates by a further quarter point today, its fifth cut in a year. But the delicate balance between a slowing labour market and lingering inflation concerns could see the board split into three groups, with two of its nine members...