Bailey signals that interest rate cuts are on the way in the UK while the US struggles with stubborn inflation.

The FTSE 100 fell 1.82%, its worst decline in nine months. European stock markets also fell more than 1%.

Hopes for multiple U.S. interest rate cuts this year, which would boost global growth, have faded after a string of strong economic data.

U.S. inflation rose to 3.5% in March from 3.2% the previous month and was higher than economists expected.

Higher interest rates weigh on stocks as companies' borrowing costs rise and their cost of capital rises, while stocks must compete with higher returns on other investments such as bonds and cash.

Trevor Greetham, head of multi-asset at Royal London, said investors were caught between concerns about escalating Middle East conflict and concerns that strengthening U.S. growth and/or rising core inflation could make it difficult for central banks to cut interest rates as much as before. He said he was going in circles. I hoped.

Markets began to backtrack after Israeli military commander Herzi Halevi said the country had no choice but to respond to Tehran's barrage of more than 300 missiles.

Brent crude, the international benchmark, briefly rose above $90 a barrel but fell again after no action from Israel.

Warren Patterson, head of product strategy at ING, said the prospect of Tel Aviv's response to Iran means these uncertainties and tensions will persist for quite some time.

As tensions rise, EasyJet suspends flights to Israel throughout the summer season. The service, which was due to resume on Sunday, will now not run until the start of the winter timetable in October.

Speaking at the IMF event, Mr Bailey said the global economy remained resilient despite geopolitical stability. He said: I think we're seeing very encouraging signs. I see resilience in global economic activity, but I think we are seeing disinflation.

But he urged politicians to support free trade and warned that fragmentation remained a serious problem.

The Governor said: I know that the experience we have means we must diversify to become more resilient in our trade and international connections, but this does not mean we are abandoning free trade.

Read the latest updates below.

Sources 1/ https://Google.com/ 2/ https://www.telegraph.co.uk/business/2024/04/16/ftse-100-markets-latest-news-oil-price-israel-uk-employment/ The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos