Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Boris Johnson on the brink after Rishi Sunak and Sajid Javid quit UK cabinet
    • Nadhim Zahawi: rapid rise of Britain’s new chancellor
    • Nadhim Zahawi to review corporation tax rise as Boris Johnson battles to stay in office
    • Congo’s president Félix Tshisekedi warns of risk of war with Rwanda
    • Cabinet ministers call on Boris Johnson to quit as UK prime minister
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Crypto collapse reverberates widely among black American investors
    • Fed officials warn entrenched inflation poses ‘significant risk’
    • America’s unending horizon of mass shootings
    • Facebook owner Meta to push ahead with digital collectibles plan
    • US bond market flashes warning signal of economic slowdown
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Property set to cool as investors face ‘new paradigm’, Brookfield warns
    • French state plans to take full control of EDF
    • Warren Buffett-backed Chinese group BYD overtakes Tesla in global electric vehicle sales
    • BA flight cancellations and refuelling strikes set to bring more travel chaos
    • BA to cut another 10,300 flights escalating airline disruption
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Live news updates: More than 30 members of UK government quit, heaping pressure on Boris Johnson
    • US bond market flashes warning signal of economic slowdown
    • ECB’s crisis-fighting scheme risks being tied up in legal and political knots
    • Pound traders look past UK political turmoil
    • The stock market still has high hopes
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • This is the endgame for Boris Johnson — but it may not be quick
    • It’s over for Boris Johnson as Tories rush to save themselves
    • America’s unending horizon of mass shootings
    • Cryptocurrencies are not the new monetary system we need
    • Pound traders look past UK political turmoil
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Michael Lewis: ‘The thing that really works for Trump is: the system’s rigged’
    • Meet the founders with the boomerang factor
    • British Rail: A New History — a timely reminder of how to run a railway
    • Pop-up leaders and flexible staff are ready for a new crisis
    • Help truly wanted, even if you’ve been in jail
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Chess: Nepo wins Candidates again as Carlsen asks for new world title format
    • Postcard from Norfolk: the churches marooned behind army lines
    • Galápagos now: when a superyacht meets world heritage site
    • Swimsuits to make a splash in 
    • Worth a shot: 10 intriguing new tennis gadgets
  • HTSI
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Tommy Stubbington

Capital Markets correspondent
Email Tommy Stubbington @tomstub  on Twitter (link opens in a new browser window)
Email Tommy Stubbington @tomstub  on Twitter (link opens in a new browser window)

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Monday, 27 June, 2022
    Russian business & finance
    Russia set for first debt default since 1998 as payment deadline passes

    Grace period for $100mn foreign currency bond interest payment ended on Sunday evening

  • Friday, 24 June, 2022
    Russian business & finance
    Russia heads towards default as payment deadline looms

    Grace period for $100mn in interest payments ends on Sunday evening

  • Thursday, 23 June, 2022
    Markets
    Government bonds rally on fears of global economic slowdown

    Disappointing eurozone business activity data and comments from Federal Reserve chair add to cloudy outlook

  • Thursday, 23 June, 2022
    Japanese economy
    Investors crank up bets on BoJ surrendering yield curve controls

    Wagers against Japanese bonds divide foreign and domestic fund managers

  • Friday, 17 June, 2022
    The Big Read
    Time for strong medicine: How central banks got tough on inflation

    In the US and Europe, policymakers are beginning to accept that dealing with rising prices will not be painless

  • Thursday, 16 June, 2022
    Equities
    US stocks sink after UK and Switzerland follow Fed in raising rates

    S&P 500 ends session down 3.2%, taking the benchmark’s losses for the week to 6%

  • Thursday, 16 June, 2022
    Swiss National Bank
    Swiss central bank surprises with first interest rate rise since 2007

    Franc surges on SNB announcement that benchmark rate would rise to minus 0.25%

  • Wednesday, 15 June, 2022
    Monetary policy
    Fed begins quantitative tightening on unprecedented scale

    US central bank’s move to reduce $9tn balance sheet comes alongside steep rate rises to tackle persistent inflation

  • Tuesday, 14 June, 2022
    Italian economy
    Surging borrowing costs take Italy ‘close to the danger zone’

    Planned withdrawal of ECB stimulus intensifies debate over Rome’s debt

  • Monday, 13 June, 2022
    UK GDP
    Sterling falls to 2-year low against dollar after UK economy contracts

    April figures show GDP falling 0.3%, missing forecasts of a rise of 0.1%

  • Sunday, 12 June, 2022
    ExplainerMarket Questions
    Will the Fed signal a slower pace of rate rises this autumn?

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

  • Friday, 10 June, 2022
    Sovereign bonds
    Italian and Greek borrowing costs jump on eurozone rate fears

    Investors in retreat as hawkish ECB stance triggers sovereign debt sell-off

  • Friday, 10 June, 2022
    Pound Sterling
    Investors bet against pound over ‘dire’ threat of stagflation

    Traders question how far the Bank of England can raise rates in the face of cost of living crisis

  • Thursday, 9 June, 2022
    Eurozone economy
    ECB takes hawkish turn to counter record-high inflation

    Central bank paves way for first rate rise in more than a decade and suggests pace could quicken in September

  • Thursday, 9 June, 2022
    European Central Bank
    Investors are anticipating too much tightening from the ECB, says BlackRock

    World’s largest asset manager expects slowing growth will temper pace of rate rises

  • Tuesday, 7 June, 2022
    Russian business & finance
    Trading in Russian debt stalls as US spells out ban

    Banks effectively halt dealings in country’s bonds after clarification over secondary market, say fund managers

  • Wednesday, 1 June, 2022
    Russian business & finance
    Russia’s ‘failure to pay’ bond interest triggers credit default swaps

    International derivatives panel’s decision paves way for $2.5bn of payouts on insurance-like contracts

  • Wednesday, 1 June, 2022
    Food Prices
    Global food price ‘shock’ amplifies risks for emerging markets

    Rising costs of key ingredients will strain public finances and put pressure on ratings, S&P warns

  • Tuesday, 31 May, 2022
    Pound Sterling
    Banks warn of grim prospects for pound as economy slows

    Currency is trading near its lowest level since early 2021 against major trading partners

  • Thursday, 26 May, 2022
    Russian economy
    Russia slashes rates in effort to cool rouble’s rapid ascent

    Currency rally shows sanctions over invasion of Ukraine are cutting the country from global trade

  • Thursday, 26 May, 2022
    Sovereign bonds
    Government bond markets rally as growth fears overshadow inflation

    Some investors are betting that recession risks will push yields lower in coming months

  • Wednesday, 25 May, 2022
    The Big Read
    How hubris and Covid transformed Sri Lanka from ‘donor darling’ to default

    The country has opened talks with the IMF over a $4bn bailout with observers waiting to see how China, one of the main creditors, will react

  • Monday, 23 May, 2022
    European Central Bank
    Eurozone to end negative interest rates within months, Lagarde indicates

    ECB president’s remarks send euro and yields up

  • Wednesday, 11 May, 2022
    Foreign exchange
    Euro to hit parity against the dollar within six months, Amundi says

    Chief investment officer Vincent Mortier predicts the ECB will fall further behind Fed on policy tightening

  • Tuesday, 10 May, 2022
    Emerging markets
    Emerging markets hit by ‘toxic’ mix of rising rates and slower growth

    Currencies such as China’s renminbi fall sharply as risks mount for developing economies

Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In