Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.
Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
J.P. Morgan is the latest major Wall Street bank to turn on a once-popular United Nations ... Michael Bloomberg and a former governor to the Bank of England, Mark Carney. The move places J.P. Morgan among the likes of Morgan Stanley, Citigroup, Bank ...
The FTSE 100 ( ^FTSE) and European stocks were higher on Wednesday as traders digested news that UK inflation unexpectedly fell to 2.5% in December. This was down from 2.6% in November, according to the Office for National Statistics. Economists had expected inflation to stay steady at 2.6%.