The Guardian
Rolling coverage of the latest economic and financial news Middle East crisis live: Trump claims war will end in ‘two or three weeks’; Rubio says US should ‘re-examine’ Nato relationship Cost of living: how to prepare for the ‘awful April’ shower of bill increases An end to the war in the Middle East, and a drop in energy prices, would be a relief to UK households as we enter Awful August. UK households face a bill surge this month, in which the annual cost of essentials, including council tax and water, will increase by more than £200. Now we’re finishing the job. I think in two weeks or maybe a few days longer, we’ll do the job. We want to knock out everything they’ve got. We saw reports breaking in Asia yesterday from the WSJ that Trump was willing to end the war without taking the Straits of Hormuz. In fact, he encouraged other international peers to take the strait without US involvement. There are different ways to interpret that, both positive and negative, but the market has taken this as a small step towards appeasing and compelling the Iranian camp. The Iranians have also come out with more constructive rhetoric for risk, signalling the necessary will to end the war. They have outlined their conditions, some of which were already known. But the combination of the narrative, driven through headlines, has certainly seen risk come back into play. 9am BST: Eurozone manufacturing PMI for March 9.30am BST: UK manufacturing PMI for March 10am BST: eurozone unemployment data 10.30am BST: Bank of England releases financial stability report 2.45pm BST: US manufacturing PMI for March Continue reading...
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