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Market alarm tests Kwarteng’s will

Financial Times LogoFinancial Times6d ago

Market alarm tests Kwarteng’s will - Financial Times

Quick Summary:

At the time, Covid was biting and investors were dumping Italian government bonds.

Given a further opportunity later in the day to reassure investors, Kwarteng said he doesn’t comment on market movements.“I think it is a very good day for the UK,” he added.

Sometimes, financial markets — the ultimate instant global popularity test — act as a helpful counterbalance to governments’ punchier policies.


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Article Details

Author / Journalist: Katie Martin

Category: MarketsFinanceInvesting

Topics: Bonds Growth Pound Financial Plans Kwarteng Markets Investors Government Market Drop

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 17:40:52

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 874 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 497802

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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