15.6 C
Tuesday, July 23, 2024

Further losses for the stock market in the UK, investors remain cautious before Fed

Today’s market analysis on behalf of Ahmed Fouad, Head of Sales at Emporium Capital

The stock market in the UK continued to record losses with investors becoming ever more cautious before the Federal Reserve interest rate decision tomorrow as well as that of the Bank of England the following day. In this regard, the FTSE 100 could remain under threat and could see large price swings in case of a surprise from either institution.

The main index has recorded significant volatility this year and could continue to do so as uncertainties remain on the economic and geopolitical sides while the conflict in Ukraine impacts expectations, logistics and commodities.

The energy sector found some support from the rebounding oil prices today. However, companies in this segment could see downward pressure if oil prices return to the downside while demand is expected to slow down for the remainder of the year.

Banks on the other hand could see better trading conditions as well as better bottom lines as interest rates continue to rise. In this regard, the sector could continue recording gains.

Other sectors could be exposed to further economic slowdown as interest rate hikes continue to erode growth. The Bank of England and other central banks could maintain an aggressive monetary policy in their fight against inflation which remains at very high levels.

Sam Allcock
Sam Allcockhttps://businesslancashire.co.uk/
Sam Allcock is a highly regarded digital entrepreneur with over 20 years’ experience in online marketing for some of the World’s biggest brands. He has extensive knowledge and experience in SEO and digital marketing. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.


Lancashire launches new business board to grow local economy

An independent board has been formed with heads of...

Self-storage for home-based businesses: Expanding without the overhead

Running a home-based business offers numerous advantages, including flexibility,...

Mums who lost children to brain cancer launch heartfelt podcast

They may live 100 miles apart but Karen Kinsella...

Colne man pleads guilty to murdering housemate

A man has admitted to murdering his housemate in...

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

GO Blackpool app launches to boost local businesses

Blackpool Business Improvement Districts (BIDs) has launched GO Blackpool,...

Jake Paul: Tyson says ‘clock starts’ for Netflix fight date after Perry KO

Boxing icon Mike Tyson has said he is counting...

Investigation launched following fatal fire in Blackpool

A joint investigation has been launched following a fatal...

Colne gears up to host major British cycling event

Some of the top riders in the country will...

More News

Xelix Unveils Helpdesk, a Gen AI Solution for Streamlined Vendor Query Management

Xelix, a leading provider of Accounts Payable and Procure-to-Pay software, proudly announces the launch of its newest solution, Helpdesk. Helpdesk is designed for enterprises dealing...

Fuuse Closes £8.7m Series A Funding Round to Accelerate EV Charging Expansion

Fuuse, the UK’s premier electric vehicle charge point management platform, has secured significant funding to fuel its next stage of growth across the UK...

Why is outsourcing a game-changer for small accountancy practices in the UK?

In the current backdrop of the UK accounting industry, a noticeable shift is occurring among small accountancy practices, as they increasingly turn to accounting...