Browsing: UK

Global equity markets were relatively subdued, with the United States (US) markets closed for Memorial Day and the United Kingdom’s (UK) markets closed for a bank holiday, leaving continental European bourses to set the tone.

 UK financial markets are reacting negatively in real time to Prime Minister Keir Starmer’s high-stakes “reset” speech on Monday morning, with gilt yields climbing sharply and Sterling weakening as investors assess the growing political crisis engulfing the government following devastating local election losses.

The UK manufacturing sector made a positive start to the second quarter of the year, with the trends in output, new orders and employment all showing signs of improvement, according to the purchasing manager index (PMI) report released by S&P Global.