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European Markets Fall as Global Equities Fall;  The Bank of England intervenes in the bond market

European Markets Fall as Global Equities Fall; The Bank of England intervenes in the bond market

Pound slides after Bank of England intervention in bond market The pound fell 1.4% against the dollar on Wednesday, slipping below $1.06 after the Bank of England intervened in the UK bond market to calm recent market turmoil sparked by the so-called ‘mini -budget” of the new government. The Bank announced on Wednesday that it …

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European markets slide as investors digest more interest rate hikes;  BOE raises rates

European markets slide as investors digest more interest rate hikes; BOE raises rates

US stocks open mixed US stocks opened weakly on Thursday following the Federal Reserve’s decision on Wednesday to implement its third consecutive 0.75% interest rate hike. The Dow Jones Industrial Average and S&P 500 hovered around the fixed line in early trades, while the Nasdaq was down 0.2%. — Karen Gilchrist Bank of England raises …

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