NEW YORK — U.S. stock indexes are slightly higher Tuesday morning as energy companies continue to rise with oil prices. Stock indexes took small losses the past two days. Facebook is slumping after the co-founders of Instagram announced that they are resigning from the photo sharing company. Interest rates continue to rise as investors expect the Federal Reserve to raise its benchmark rate on Wednesday. KEEPING SCORE: The S&P 500 index picked up 1 point to 2,920 as of 10:15 a.m. Eastern time. The Dow Jones Industrial Average rose 40 points, or 0.2 percent, to 26,602. The Nasdaq composite slid 1 point to 7,991. The Russell 2000 index of smaller-company stocks gained 2 points, or 0.1 percent, to 1,707. OIL BOOST: Oil prices continued to rise after a weekend meeting of OPEC and its allies ended without an increase in oil production. OPEC nations, Russia and others concluded the balance between supply and demand is "healthy." Oil prices have also climbed recently because Iran is … [Read more...] about Oil prices and interest rates rise, but US stocks are mixed
When will bank interest rates rise
PUBLISHED: 08:51 10 August 2018 | UPDATED: 08:51 10 August 2018 Many savers are yet to see the benefit of the latest interest rate rise in their accounts, according to moneyfacts.co.uk. Picture: Sonya Duncan ARCHANT EASTERN DAILY PRESS (01603) 772434 Only a fraction of savings account providers have passed on last week’s interest rate rise to customers – dashing the hopes of savers for a boost to their investments. Banks have also been accused of being quick to hike costs for borrowers to reflect the 0.25% rise announced by the Bank of England (BoE) on August 2.Interest rates are now at 0.75%, the highest level since the financial crisis.But Norwich-based moneyfacts.co.uk says only 10 of more than 100 providers in the savings market has so far announced how their products will change as a result.Some have passed on the full 0.25% increase, albeit after August 28, while some major lenders have either partially applied the rise or only applied it on a few account … [Read more...] about Fewer than one in 10 savings providers have passed interest rate rise on to savers
By: Ruth Jackson 10/08/2018 The Bank of England has just raised interest rates – to 0.75%. Might as well make the most of it, says Ruth Jackson.Last week, the Bank of England put up its base interest rate by 0.25 percentage points to 0.75%. It’s the highest that interest rates in the UK have been for nine years (although still very close to their lowest level ever). So what effect might this have on your personal finances? It’s been a long time since people have been able to get any kind of meaningful interest rate on their savings accounts, with most of us accepting that we’re not going to be able to beat inflation (currently 2.4%), unless we’re happy to lock our cash away in a fixed-rate account for a fairly long period. And that might not change for quite some time. The Bank of England “bank rate”, as it’s called, is the rate it uses for lending to other banks, and is used as the benchmark for interest rates … [Read more...] about How to make the most of the 0.25% interest-rate rise
A controversial property tycoon ramped up rent on hundreds of homes within an hour of the Bank of England’s 0.25% interest rate rise.Fergus Wilson, who owns hundreds of homes in Ashford and Maidstone, said today the £50 increase for tenants across all his properties will come into effect “immediately.”The 69-year-old, one of the UK’s biggest buy-to-let landlords, said in a statement: “Following the interest rate rise I have increased rents in all our properties by £50 per month.“It is merely passing onto the tenant the additional mortgage charge.“This increase starts immediately.”When asked how many homes would be affected he said: “About 400.”The Bank of England revealed at midday it had voted to boost interest rates to their highest level for more than nine years, from 0.5% to 0.75%.Within an hour - at 12.50pm - Mr Wilson released a statement to media organisations detailing plans for his rent hike.In a press … [Read more...] about Property tycoon hikes rent within hour of interest rate rise
When are interest rates going to rise? This question is never far from the minds of income investors, such as those readers who follow this column’s recommendations. Only the return of inflation is likely to cause central banks such as the Bank of England to raise rates significantly. And the future for inflation is, in Questor’s view, to be found in a battle between strong but conflicting forces in the global economy. On the one hand there are deep-seated structural trends that could make the current climate of low inflation persist well after the last reverberations of the financial crisis have died away. One of these trends is an excess of investment in emerging economies. This can lead to... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for … [Read more...] about Questor Income Portfolio: when will interest rates rise?