Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world

    June 20, 2025

    These bond funds protect you from fluctuations in interest rates, but there’s a fee.

    June 20, 2025

    In comparison to bonds, stocks haven’t been this pricey in nearly 25 years. Will the market decline next?

    June 13, 2025
    Facebook X (Twitter) Instagram
    🔴
    Trending
    • Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world
    • These bond funds protect you from fluctuations in interest rates, but there’s a fee.
    • In comparison to bonds, stocks haven’t been this pricey in nearly 25 years. Will the market decline next?
    • Overweight cash, according to this analyst, who is concerned about long-term bond yields
    • This is the extent to which Trump’s “Bro Billionaire” group of stocks is outperforming small caps.
    • The two guidelines that investors must abide by at the moment as the S&P 500 hits 6,000
    • What would happen if the world’s most powerful market ultimately falters following decades of excessive U.S. debt?
    • Analysts predict that small-cap stocks will have a scorching summer.
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    • HOME
    • TOOLS
      • CURRENCY CONVERTER
      • RANKING TABLE
      • STOCK SCREENER
      • FOREX HEATMAP
      • ECONOMIC CALENDER
      • REAL-TIME CHART
      • FOREX SUMMARY
    • MARKET
      1. COMMODITIES
      2. REAL ESTATE
      3. CRYPTO CURRENCIES
      4. CURRENCY / FOREX
      5. ETF / RTF
      6. EQUITIES
      7. INDEXES
      8. View All

      Oil Approaches $80 a Barrel Amid Market Strength Indicators

      March 3, 2025

      Gold may surpass $3,000, but you’re overpaying at these prices.

      February 21, 2025

      In September’s Commodities Rise, Silver Stands Out as the Big Winner

      September 29, 2024

      Gold is “a hedge against everything that could happen next.” A Fed ruling is coming up

      September 14, 2024

      Following Moody’s downgrading of U.S. credit, mortgage rates rise above 7%.

      May 20, 2025

      Purchasing a home without a home appraisal? Start by reading this.

      May 2, 2025

      As homeowners find it difficult to sell, the housing market stagnates: “We’re really bleeding.”

      April 25, 2025

      Due to the numerous economic uncertainties they face, distressed homebuyers are leaving the real estate market.

      April 25, 2025

      Why markets are trembling while bitcoin has surged to a record high of $112,000

      May 26, 2025

      Coinbase expects lower subscription revenue. A lot more went wrong for the crypto exchange.

      May 9, 2025

      Bitcoin and stocks rise together to reach $100,000 once more as market euphoria returns.

      May 9, 2025

      Ether and Bitcoin are rising. MicroStrategy, China Trade Hope, and Other Factors Influencing Cryptocurrencies.

      May 1, 2025

      According to a Goldman research, this is the point at which the 10-year Treasury yield poses a “clear problem” for equities.

      May 3, 2024

      These bond funds protect you from fluctuations in interest rates, but there’s a fee.

      June 20, 2025

      Considering purchasing stock in a private-equity exchange-traded fund? Why it is most likely too late.

      June 6, 2025

      The market for stocks is recovering. This is your opportunity to improve your portfolio.

      June 1, 2025

      These ETFs guard against “black swan” stock market events, such as the one we just witnessed.

      April 3, 2025

      Challenges for Tech Giants: Microsoft, Google, and AMD Stocks Take a Hit Despite Strong Earnings

      June 22, 2024

      ECB’s Villeroy Affirms: Oil Uncertainty No Barrier to June Rate Cut

      April 29, 2024

      Federal Reserve’s Move Leaves Regional Banks in a Quandary for 2024

      April 29, 2024

      Israel’s Credit Rating Takes a Dive: S&P Warns of Military Escalation with Iran

      April 29, 2024

      Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world

      June 20, 2025

      These bond funds protect you from fluctuations in interest rates, but there’s a fee.

      June 20, 2025

      In comparison to bonds, stocks haven’t been this pricey in nearly 25 years. Will the market decline next?

      June 13, 2025

      Overweight cash, according to this analyst, who is concerned about long-term bond yields

      June 12, 2025
    • ECONOMY
      1. INTEREST RATE
      2. View All

      A watchdog group says the IRS has only made “limited progress” in figuring out how often people making less than $400,000 are audited.

      September 3, 2024

      There is a “ticking tax time bomb” in your 401(k) and IRA. An expert says you should go all-in on Roths instead.

      August 21, 2024

      Like Trump, Kamala Harris wants to keep tip taxes low. Some people think the idea is “very silly,” and it doesn’t matter who comes up with it.

      August 19, 2024

      When Is the Best Time to Change a Roth IRA? Make the Most of This Tax-Smart Move

      August 12, 2024

      There could be financial repercussions if Trump’s “revenge tax” opens a new front in the global trade war.

      June 8, 2025

      The Fed will lower interest rates this year, according to this market expert, but “they don’t know it yet.” Is he correct?

      June 2, 2025

      Here’s where the Senate could amend the GOP’s megabill when Congress reconvenes.

      June 2, 2025

      Indigestion from tariffs? Nope: Eating out and taking out are still popular, which is excellent for the economy.

      May 31, 2025
    • NEWS
      1. ALL NEWS
      2. COMPANIES
      3. CURRENCY FOREX
      4. INDEXES
      5. View All

      Trump’s 10% Tariff Plan Echoes Nixon’s 1971 Strategy: A Closer Look at the Historical Precedent

      April 6, 2025

      Groundbreaking Partnership: Iranian President Ebrahim Raisi Unveils Revolutionary Hydropower and Irrigation Venture in Sri Lanka

      April 2, 2025

      Binance Bombshell: Founder Faces 36 Months in U.S. Jail for Money Laundering Violations

      April 2, 2025

      Polestar’s Strategic Shift: US Plant to Supply Europe Amid Escalating EU-China Strife

      April 2, 2025

      Calvin Klein’s Bad Bunny was a success, but it wasn’t enough to protect their profit margin from tariffs.

      June 5, 2025

      According to the analyst, Dollar General is merely “scratching the surface” after its earnings. How Dolly Parton and DoorDash are assisting.

      June 5, 2025

      Elon Musk may have a long way to go before reviving the brand, as evidenced by the decline in Tesla sales in France.

      June 2, 2025

      Bristol Myers enters the cancer medicine race by signing a $11 billion deal with BioNTech.

      June 2, 2025

      China Securities Regulator Halts Restricted Share Lending in Move to Stabilize Stock Markets

      August 14, 2024

      Global Markets Wobble as China’s Evergrande Faces Liquidation, Federal Reserve Meeting Looms

      June 22, 2024

      China’s Stock Slump and Currency Plunge Cloud Asia’s Rate Cut Optimism

      March 22, 2024

      Mexican Peso Ascends to Unprecedented Heights, Instilling Fear in Investors

      March 15, 2024

      Traders Anticipate ‘Once-in-a-Generation’ Opportunity in Emerging Markets as Federal Reserve Hints at Rate Cuts

      April 6, 2025

      LSEG Shareholders Face Showdown: Vote on Doubling CEO’s Potential Pay

      April 2, 2025

      Critical Week for Stock Market as $10 Trillion in Big Tech Earnings Shape S&P 500’s Fate

      March 2, 2025

      Asian Markets Surge Despite Global Uncertainties; Beijing’s Stimulus Measures Boost Investor Confidence

      March 2, 2025

      Analysts predict that small-cap stocks will have a scorching summer.

      June 8, 2025

      Calvin Klein’s Bad Bunny was a success, but it wasn’t enough to protect their profit margin from tariffs.

      June 5, 2025

      According to the analyst, Dollar General is merely “scratching the surface” after its earnings. How Dolly Parton and DoorDash are assisting.

      June 5, 2025

      Elon Musk may have a long way to go before reviving the brand, as evidenced by the decline in Tesla sales in France.

      June 2, 2025
    • LIST & RANKING

      The force behind the recent surge in stocks is Big Tech, not the Fed. What investors should know is as follows.

      June 16, 2024

      Top 25 Independent Advisors

      February 27, 2024

      Top CEO’s of the Year

      January 18, 2024

      The Best Online Brokers

      January 18, 2024

      The Most Profitable Businesses

      January 18, 2024
    Donate
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    Home » Because of a market disaster, Liz Truss, who used to be Prime Minister of the UK, can’t find work.
    Market

    Because of a market disaster, Liz Truss, who used to be Prime Minister of the UK, can’t find work.

    July 5, 2024No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    a 135 800x445 1
    Share
    Facebook Twitter LinkedIn Pinterest Email

    When people in Britain woke up on Friday to a huge victory for the U.K. Labour Party after 14 years of Conservative rule, there was one big loss that stood out.

    In 2022, Liz Truss was the country’s short-lived prime minister. She lost her seat in South West Norfolk to Labour candidate Terry Jermy by about 630 votes.

    According to the news, she wasn’t expected to have to deal with much opposition since she had a huge majority before, 24,180 votes. The Financial Times said she was the first leader of the government to lose their seat in almost 90 years.

    In the 650-seat House of Commons, Labour gained 410 seats and the Conservatives only gained 118. The Conservatives also lost over 40 cabinet ministers and government whips, including Defence Secretary Grant Shapps, and finance minister Jeremy Hunt barely held on to his seat.

    A bad mini-budget with a tax-cutting package that sent the U.K. pound to a record low and caused a bond market meltdown so bad that the Bank of England had to step in in the autumn of 2022 was one of Truss’s legacies.

    In an event that will go down in the history of the financial markets, Kwasi Kwarteng, her short-term Chancellor of the Exchequer, shocked the market with plans for £45 billion ($57 billion) in tax cuts and a huge package to help the energy market.

    Truss was also famously said to look like a head of lettuce. After The Economist wrote an article criticising her government and calling her the “Iceberg Lady,” The Daily Star asked if a head of lettuce would last longer than her. The live stream showed that the lettuce would win.

    He told clients in a note that the markets would not let the U.K. get away with unfunded tax cuts after the financial disaster of Liz Truss’s mini-budget in September 2022. Schmieding is the chief economist at Berenberg Bank.

    “On the whole, that would also be true for Labour’s unfunded spending increases.” Many investors around the world would probably trust Labour more than the Conservatives after their Brexit messes, so Labour could get away with a little budget slip-up without interest rates going up. But there doesn’t seem to be much room for error, Schmieding said.

    Investment strategist at Quilter Investors Lindsay James said, “This election might be remembered as one where, after the Truss/Kwarteng budget, the average politician became much more aware of the fiscal deficit, the debt to GDP ratio, and the ultimate fragility of the gilt market.” This is likely to stop them from borrowing money in the future, but it also makes their job of delivery a lot harder.

    One good thing about the new U.K. government is that the Labour Party won a large majority, which could make Britain a political safe haven when other developed economies like France are in political turmoil, she said.

    The financial markets were calm on Friday after the Conservatives’ loss, which was widely expected.

    It was worth $1.2765 pound when traded against the U.S. dollar, up 0.20%. The yield on 10-year gilts BX:TMBMKGB-10Y fell by 2 basis points to 4.181%. Like other markets in Europe, the FTSE 100 index UK:UKX went up 0.3% to 8,269 points.

    “This moment has been coming for a long time, ever since Liz Truss’s short-lived premiership,” Chris Beauchamp, chief market analyst at online trading platform IG, told clients in a note. “The fact that sterling didn’t change overnight shows just how inevitable this was.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world

    June 20, 2025

    These bond funds protect you from fluctuations in interest rates, but there’s a fee.

    June 20, 2025

    In comparison to bonds, stocks haven’t been this pricey in nearly 25 years. Will the market decline next?

    June 13, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Aeries Technology: A Global Professional Services Leader in Business Transformation

    June 10, 2024

    As Christmas sales break records, stock buybacks soar.

    December 5, 2024

    These other stocks, along with Coinbase and Block, could join the S&P 500 in the next shake-up.

    December 6, 2024

    Why Powell and the Fed should stop lowering interest rates in December

    December 7, 2024
    Don't Miss
    Market

    Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world

    June 20, 2025

    Capital Group’s $200 billion+ Investment Company of America fund has kept pace with the changes…

    These bond funds protect you from fluctuations in interest rates, but there’s a fee.

    June 20, 2025

    In comparison to bonds, stocks haven’t been this pricey in nearly 25 years. Will the market decline next?

    June 13, 2025

    Overweight cash, according to this analyst, who is concerned about long-term bond yields

    June 12, 2025
    Stay In Touch
    • Facebook
    • Instagram

    Subscribe to Updates

    Get the latest Update

    Facebook Twitter Instagram

    BourseWatch

    • All News
    • Economy
    • List & Ranking
    • Market
    • News

    Recent Post

    • im 32993127
      Stay invested and tune out the noise – investment recommendations and guidance from one of the oldest mutual funds in the world
    • im 443185
      These bond funds protect you from fluctuations in interest rates, but there's a fee.
    • im 57694423
      In comparison to bonds, stocks haven't been this pricey in nearly 25 years. Will the market decline next?

    Subscribe to Updates

    Get the latest creative news from BourseWatch

    © Boursewatch. Designed by Asad Rizvi

    • Privacy Policy
    • Terms
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.