UK Market Slides Amid Cooling Jobs | Bermuda News

UK stocks continue their slide as FTSE 100 and FTSE 250 both dip, fueled by falling metal miner prices and slowing job market data. Globally, rising borrowing costs in the US, Japan, and Germany coincide with oil prices surging past $90 a barrel, reigniting inflation fears amid fading Middle East peace hopes. In the UK, private sector earnings growth is cooling, and job openings hit a five-year low — though grocery inflation eased to its lowest since October 2024, offering some relief. The Bank of England may hold off on rate moves until year-end, watching for wage pressure from energy costs. Meanwhile, Japanese-focused investment trusts take a hit as bond yields near 30-year highs, but Kainos Group surprises with strong financial forecasts, sending its stock soaring — proving not all news is bad. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9a55c7a2349328ce