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              Ian Smith

              Senior markets correspondent

              Ian Smith is the FT's senior markets correspondent, based in London. He was previously insurance correspondent and before that, deputy markets news editor.

              Ian joined the newspaper's special reports desk in 2018 from sister title Investors' Chronicle, where he had served as companies editor. Prior to the IC, he held various reporting and editing roles on the FT Group's pensions titles.

              He has won journalism awards for his work covering insurance and pensions, including for a recent investigation into an insurance scandal involving leaseholders and an article on how the sector treats low-income households.

              Email Ian Smith @iankmsmith  on Twitter (link opens in a new browser window)
              • Friday, 10 January, 2025
                UK economy
                Labour intensifies push for growth to avoid ‘disastrous’ tax rises

                Punishing week on bond markets ends with UK government borrowing costs significantly higher

                Montage with Rachel Reeves, line chart and Bank of England logo
              • Friday, 10 January, 2025
                Gilts
                UK government borrowing costs stabilise near 16-year high

                Bonds steady after sell-off that threatens to wipe out room for extra borrowing under Labour’s budget rules

              • Friday, 10 January, 2025
                Equities
                Who is right about ‘Maganomics’: bearish economists or bullish investors?

                Equity market optimism about president-elect’s impact contrasts with warnings over hit to GDP growth

                Montage of Maga hat, chart and NYSE and Federal Reserve logos
              • Thursday, 9 January, 2025
                Gilts
                UK government seeks to soothe bond market nerves after borrowing costs soar

                Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’

                Line graph showing value of the pound against the dollar since 2023
              • Thursday, 9 January, 2025
                Sovereign bonds
                Bond market ‘police’ are back as investors patrol spending plans

                Debt market flare-ups show growing pushback against governments’ loose fiscal policies

                View of busy street in Paris
              • Wednesday, 8 January, 2025
                ExplainerGilts
                Has the bond market turned against Rachel Reeves?

                Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as March

                A montage of Rachel Reeves and bar chart lines in the foreground
              • Wednesday, 8 January, 2025
                Gilts
                UK 10-year borrowing costs hit highest level since 2008

                Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules

                The UK Treasury building and logo
              • Tuesday, 7 January, 2025
                UK economy
                UK long-term borrowing costs hit highest level since 1998

                Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rules

                The London skyline
              • Monday, 6 January, 2025
                US dollar
                Dollar drops over report Trump considering scaling back tariff plans

                US currency regains some of its losses after president-elect denies that campaign pledge will be watered down

                Packs of freshly printed $20 notes are processed for bundling and packaging at the US Treasury’s Bureau of Engraving and Printing in Washington DC
              • Sunday, 22 December, 2024
                Capital markets
                Record $600bn pours into global bond funds in 2024

                Investors piled into fixed income in bet on falling interest rates

              • Thursday, 19 December, 2024
                US equities
                US long-term bond yields rise to highest level in six months

                Wall Street stocks steady after heaviest sell-off since August

                A trader works on the floor as news of the Federal Reserve rate cut decision shows on a TV at the New York Stock Exchange
              • Thursday, 19 December, 2024
                Global inflation
                Renewed inflation fears stalk central bankers as markets shudder

                Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth

                A television station broadcasts Jay Powell, chair of the US Federal Reserve, on the floor of the New York Stock Exchange
              • Thursday, 19 December, 2024
                UK interest rates
                Bank of England keeps rates on hold as growth prospects dim

                Central bank maintains benchmark at 4.75% and highlights risk of persistent inflation

                Line chart showing Bank of England interest rate
              • Wednesday, 18 December, 2024
                Gilts
                UK borrowing costs climb as ‘stagflation’ fear stalks gilt market

                Stubborn inflation and stalling growth have driven yields back to the highs reached after October’s Budget

                The City of London skyline
              • Tuesday, 17 December, 2024
                UK employment
                UK wage growth accelerates to 5.2%

                Increase in pay for three months to October driven by private sector

                Commuters crossing London Bridge
              • Tuesday, 17 December, 2024
                Federal Reserve
                Investors on alert for ructions in US funding market

                Some fear that Fed’s quantitative tightening programme could trigger liquidity crunch similar to 2019

                The Federal Reserve building in Washington DC
              • Monday, 16 December, 2024
                Sovereign bonds
                French bonds under pressure following Moody’s downgrade

                Borrowing costs edge higher after rating agency warns political chaos will make it harder to cut budget deficit

                Office buildings in La Défense business district in Paris
              • Sunday, 15 December, 2024
                UK equities
                London Stock Exchange suffers biggest exodus since financial crisis

                Main market set for fewest listings in 15 years as allure of New York grows despite planned UK reforms

                A montage showing the London Stock Exchange, the New York Stock Exchange and the logos of Flutter, Ashtead, CRH and Smurfit Kappa
              • Thursday, 12 December, 2024
                Pound Sterling
                Sterling hovers near highest level against euro since Brexit vote

                Single currency weighed down by weak economy and expectations of further interest rate cuts

                A line of pound and euro coins, with the EU flag blurred in the background
              • Thursday, 12 December, 2024
                Eurozone interest rates
                ECB lowers rates to 3% and paves way for more cuts

                Growth forecasts pared back as bank’s president Christine Lagarde says some decision makers wanted larger reduction

                Line chart showing ECB deposit rate since July 2022
              • Wednesday, 11 December, 2024
                Inditex
                Inditex pins hopes on Trump dollar rally as sales disappoint

                Zara owner expects Trump rally to boost retailer in crucial Christmas quarter

                Outside a Zara store in Las Palmas de Gran Canaria, Spain
              • Monday, 9 December, 2024
                Chinese economy
                China loosens monetary policy stance for first time in 14 years

                Markets rally as Communist party officials to meet in coming days to discuss country’s economic policy

                Commuters walk past an advertisement for electric motorcycles at a busy subway station in Guangzhou
              • Sunday, 8 December, 2024
                Eurozone interest rates
                How fast will the ECB lower interest rates?

                Market Questions is the FT’s guide to the week ahead

                A euro sculpture in front of the European Central Bank building in Frankfurt, Germany
              • Sunday, 8 December, 2024
                Pimco
                Trade war fallout could trigger deep Eurozone rate cuts, Pimco warns

                Bond giant says euro is vulnerable to further declines amid market ‘optimism’ over impact of Trump presidency

                Euro sculpture in Frankfurt
              • Wednesday, 4 December, 2024
                South Korean business & finance
                South Korea vows market support in wake of turmoil

                Won flat and Korean stocks fall 1.4% as central bank says it is keeping all options open until situation stabilises

                A screen displays the Kospi at the Korea Exchange headquarters in Seoul on Wednesday
              Previous page You are on page 1 Next page

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