Markets calm down, strikes halt as industry mourns Queen – Business live | Business


Introduction: Calm markets and suspend strikes

Good morning, and welcome to our renewed coverage of business, financial markets, and the global economy.

Financial markets plummeted on the first day of national mourning following the death of Queen Elizabeth II.

Business groups and investors in the city remember the Queen’s service over seven decades, and her contribution to modern Britain.

Tony DunkerCBI, Managing Director, spoke to the business world last night when he praised her leadership and values:

“For an unprecedented 70 years on the throne, Her Royal Highness Queen Elizabeth II has served the nation with distinction as a strong example of British values ​​of honour, dignity and resilience. She dedicated her life to the people of the United Kingdom and the Commonwealth of Nations, providing compassionate and inspirational leadership through many challenging times in her long reign.

“Times are tough right now – and made worse by the loss of our beloved Queen – and our honor must be to work tirelessly to build a better future for the people of this country in Her Majesty’s memory.”

The New York Stock Exchange and Nasdaq observed a minute of silence yesterday in honor of the Queen.

Queen Elizabeth mourns at the Nasdaq sign in Time Square.
Photo: The Guardian

The London Stock Exchange is open as normal – unlike in sports, events such as the third Test between England and South Africa and the PGA Championship at Wentworth will be suspended for at least one day.

Under Operation London Bridge (the coming days plan), the stock market will be closed on the day of Elizabeth II’s funeral.

European Opening Calls:#FTSE #DAX #CAC#AEX #MIB #IBEX #OMX #SMI #STOXX pic.twitter.com/taxACTyGhR

— Pedro Gallego Gil (@_SirPeter) September 9, 2022

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But while the markets are open, major indicators are not expected to be volatile, as investors reflect on the Queen’s remarkable reign, and her work at home and abroad.

bell blainstrategist in fragment capitalAs Queen Elizabeth says, she “was instrumental in establishing and strengthening the UK’s soft power” and its standing on the world stage.

It was an extraordinary reign for an extraordinary queen – one of simple but unchallenged greatness. It is admired and respected all over the world. Very popular at home.

The UK will be in mourning for the next 10 days. Life will go on, but don’t expect business as usual.

The Guardian front page, Friday 9 September 2022; Queen Elizabeth II 1926-2022 pic.twitter.com/5ROqSmVqE1

— The Guardian (@guardian) September 8, 2022

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King Charles III She is scheduled to meet with Liz Truss and address the nation:

schedule of work

  • Today: EU energy ministers meet for emergency talks in Brussels on Friday to discuss measures to tackle the energy crisis

  • Noon: The Organization for Economic Co-operation and Development publishes its annual employment outlook report

  • 5:00 pm GMT: Russian GDP and inflation report

Three British trade unions representing postal workers and transport staff are suspending their scheduled strikes following the death of Queen Elizabeth.

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Royal Mail members of the Communication Workers Union had planned to take industrial action today over a pay dispute, but the union said it had called off the strike after the passing of the Queen.

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The RMT transport union, is suspending strikes planned for September 15th and 17th, saying:

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“We express our deepest condolences to her family, friends and the country,”

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The TSSA (Transport Salaried Staffs’ Association) said it was cancelling its planned strike action for September and “will be respecting the period of public mourning.”

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Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.

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The financial markets are subdued on the first day of national mourning following the death of Queen Elizabeth II.

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Business groups and City investors are remembering the Queen’s service over seven decades, and her contribution to modern Britain.

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Tony Danker, CBI Director-General, spoke for the business world last night when he hailed her leadership and values:

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“Throughout her unprecedented 70 years on the throne, HRH Queen Elizabeth II served the nation with distinction as a stalwart example of British values of honour, dignity and resilience. She dedicated her life to the people of the UK and the Commonwealth, providing compassionate and inspirational leadership during the many challenging times of her long reign.

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“Times are hard right now – made more so by the loss of our much-loved Queen – and our tribute should be to work tirelessly to build a better future for the people of this country in memory of Her Majesty.”

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The New York Stock Exchange and Nasdaq both observed a moment of silence yesterday to honour the queen.

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The London Stock Exchance has just opened as usual – unlike in sport, where events such as the third Test between England and South Africa and the PGA championship at Wentworth will be paused for at least a day.,

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Under Operation London Bridge (the plan for the coming days) the stock market would shut on the day of Elizabeth II’s funeral.

“,”elementId”:”c14001d2-dcd3-4cd1-9e2a-4825bff6bda8″,”_type”:”model.dotcomrendering.pageElements.TweetBlockElement”,”html”:”

European Opening Calls:#FTSE #DAX #CAC#AEX #MIB #IBEX #OMX #SMI #STOXX pic.twitter.com/taxACTyGhR

— Pedro Gallego Gil (@_SirPeter) September 9, 2022

\n”,”url”:”https://twitter.com/_SirPeter/status/1568118840805957632″,”id”:”1568118840805957632″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”321d5a28-f6dd-4c85-9512-bcaea0ceb188″,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

But while the markets are open, the main indices aren’t expected to be volatile, with investors contemplating the Queen’s remarkable reign, and her work at home and abroad.

“,”elementId”:”deeb8db8-3a58-466a-996c-3bdb4e24304f”,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Bill Blain, strategist at Shard Capital, says Queen Elizabeth was “instrumental in establishing and strengthening the UK’s soft power” and its position on the world stage.

“,”elementId”:”0978272e-e2a1-4042-b95a-733254ad2cd3″,”_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”

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It has been an extraordinary reign by an extraordinary queen – one of simple but unchallenged majesty. Admired and respected around the globe. Deeply loved at home.

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For the next 10 days the UK will be in mourning. Life will go on, but don’t expect business as usual.

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“,”elementId”:”5d94695c-f945-436d-8d01-412dafb14624″,”_type”:”model.dotcomrendering.pageElements.TweetBlockElement”,”html”:”

The Guardian front page, Friday 9 September 2022; Queen Elizabeth II 1926-2022 pic.twitter.com/5ROqSmVqE1

— The Guardian (@guardian) September 8, 2022

\n”,”url”:”https://twitter.com/guardian/status/1567995842568634370″,”id”:”1567995842568634370″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”e1fbb1b9-4b17-404e-a914-5ee4b52be0d5″,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

King Charles III is due to meet Liz Truss and address the nation:

“,”elementId”:”2055a0ab-f24d-4cba-b291-3a97770d0f19″,”_type”:”model.dotcomrendering.pageElements.RichLinkBlockElement”,”url”:”https://www.theguardian.com/uk-news/live/2022/sep/08/queen-elizabeth-ii-dies-royals-monarchy-latest-news-updates”,”text”:”Death of Queen Elizabeth II: King Charles III to meet Liz Truss and address the nation – latest news”,”prefix”:”Related: “,”role”:”thumbnail”,”elementId”:”77ee8d91-084f-41d1-8f6b-13c1838a85ea”,”_type”:”model.dotcomrendering.pageElements.SubheadingBlockElement”,”html”:”

The agenda

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  • Today: EU energy ministers gather for emergency talks in Brussels on Friday discuss measures to counter the energy crisis

  • \n

  • Noon: OECD publishes its annual Employment Outlook report

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  • 5pm BST: Russian GDP and inflation report

  • \n

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main events

Three British trade unions representing postal workers and transport staff are suspending their scheduled strikes following the death of Queen Elizabeth.

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Royal Mail members of the Communication Workers Union had planned to take industrial action today over a pay dispute, but the union said it had called off the strike after the passing of the Queen.

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The RMT transport union, is suspending strikes planned for September 15th and 17th, saying:

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“We express our deepest condolences to her family, friends and the country,”

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The TSSA (Transport Salaried Staffs’ Association) said it was cancelling its planned strike action for September and “will be respecting the period of public mourning.”

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Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.

“,”elementId”:”2f236876-fcc9-49e6-a7b2-c2cd74659371″,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

The financial markets are subdued on the first day of national mourning following the death of Queen Elizabeth II.

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Business groups and City investors are remembering the Queen’s service over seven decades, and her contribution to modern Britain.

“,”elementId”:”11a7b9f8-8f9f-4f22-8c88-2ca475eed8d1″,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Tony Danker, CBI Director-General, spoke for the business world last night when he hailed her leadership and values:

“,”elementId”:”985f4216-1182-4e38-b737-8c95a11bea9d”,”_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”

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“Throughout her unprecedented 70 years on the throne, HRH Queen Elizabeth II served the nation with distinction as a stalwart example of British values of honour, dignity and resilience. She dedicated her life to the people of the UK and the Commonwealth, providing compassionate and inspirational leadership during the many challenging times of her long reign.

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“Times are hard right now – made more so by the loss of our much-loved Queen – and our tribute should be to work tirelessly to build a better future for the people of this country in memory of Her Majesty.”

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The New York Stock Exchange and Nasdaq both observed a moment of silence yesterday to honour the queen.

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Elizabeth was mourned at the Nasdaq sign at Time Square.”,”credit”:”Photograph: The 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The London Stock Exchance has just opened as usual – unlike in sport, where events such as the third Test between England and South Africa and the PGA championship at Wentworth will be paused for at least a day.,

“,”elementId”:”fc6198cc-f25c-4345-b71c-d50cd756d4c7″,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Under Operation London Bridge (the plan for the coming days) the stock market would shut on the day of Elizabeth II’s funeral.

“,”elementId”:”c14001d2-dcd3-4cd1-9e2a-4825bff6bda8″,”_type”:”model.dotcomrendering.pageElements.TweetBlockElement”,”html”:”

European Opening Calls:#FTSE #DAX #CAC#AEX #MIB #IBEX #OMX #SMI #STOXX pic.twitter.com/taxACTyGhR

— Pedro Gallego Gil (@_SirPeter) September 9, 2022

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But while the markets are open, the main indices aren’t expected to be volatile, with investors contemplating the Queen’s remarkable reign, and her work at home and abroad.

“,”elementId”:”deeb8db8-3a58-466a-996c-3bdb4e24304f”,”_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Bill Blain, strategist at Shard Capital, says Queen Elizabeth was “instrumental in establishing and strengthening the UK’s soft power” and its position on the world stage.

“,”elementId”:”0978272e-e2a1-4042-b95a-733254ad2cd3″,”_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”

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It has been an extraordinary reign by an extraordinary queen – one of simple but unchallenged majesty. Admired and respected around the globe. Deeply loved at home.

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For the next 10 days the UK will be in mourning. Life will go on, but don’t expect business as usual.

\n

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The Guardian front page, Friday 9 September 2022; Queen Elizabeth II 1926-2022 pic.twitter.com/5ROqSmVqE1

— The Guardian (@guardian) September 8, 2022

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King Charles III is due to meet Liz Truss and address the nation:

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The agenda

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  • Today: EU energy ministers gather for emergency talks in Brussels on Friday discuss measures to counter the energy crisis

  • \n

  • Noon: OECD publishes its annual Employment Outlook report

  • \n

  • 5pm BST: Russian GDP and inflation report

  • \n

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The Queen was a regular visitor to the city, giving keynote speeches in Guildhall, inaugurating new buildings, and visiting its most historic church, St Paul’s Cathedral.

City AM Books is a beautiful piece About the links between the Palace and Mile Square. Here’s the flavor:

At one lunch in Guildhall, marking the 40th anniversary of her accession to the throne, she toasted a life of life on the Square Mile.

“This great hall provided me with some of the most memorable events of my life,” she said.

“The generosity of the City of London is famous throughout the world, but nowhere is it more appreciated than the members of my family,” she said at the luncheon held just days after the Windsor Castle fire.

She also attended the opening of the Swiss Re building – known as The Gherkin – when it first dominated the London skyline.

The Tower of London with the Gherkin Building in the background in the City of London, England.  D5RF8B Tower of London with the Gherkin Building in the background in the City of London, England.
Photography: Peter Alfie/Almy

With the stock market open as usual, the FTSE 100 It rose about 1%.

Today’s weak US dollar lifted some stocks, with miners leading the way.

Naeem Aslam Senior Market Analyst at AvaTrade Says:

“Investors are absorbing the sad news of Quinn’s death in the UK and are reflecting on Federal Reserve Chairman Jerome Powell’s latest comments on inflation.”

It’s been a volatile week in the city, with the announcement of the country’s new prime minister and the death of the longest-reigning king.

Stocks were volatile, while government bonds fell on concerns about the economic outlook, and increased borrowing to fund the energy bill freeze announced yesterday.

The pound is recovering some of its gains against the dollar, as it recovers from a 37-year low on Wednesday.

Sterling rose a cent to $1.16, as the dollar weakened against other currencies.

But as Reuters He indicates that the pound lost much of its value during the reign of the Queen:

Elizabeth was crowned in a nation exhausted by victory in World War II and reigned for 70 years. Perhaps the sterling is a mirror of the empire’s long decline during that time; At $2.80 in 1952, it touched a 37-year low of $1.1407 this week.

And it could fall further, as Britain borrows large sums to pay for energy subsidies that economists believe could cost £100 billion or more.

The London Stock Exchange (LSE) said markets will open as usual on Friday and will close in normal times today, following the death of Queen Elizabeth.

LSE said it will notify markets of any subsequent changes to its operating arrangements by further notice, adding that it recognizes bank holidays in England and Wales.

Queen Elizabeth’s funeral is expected to be a public holiday, in which case the London Stock Exchange will be closed for trading.

“We are deeply saddened at the passing of Her Majesty Queen Elizabeth II. Our sympathies and condolences are with The Royal Family.” – London Stock Exchange Group pic.twitter.com/XQj6g2UWDv

— LSEG (London Stock Exchange Group) (@LSEGplc) September 8, 2022

\n”,”url”:”https://twitter.com/LSEGplc/status/1567956254701801473?ref_src=twsrc%5Etfw”,”id”:”1567956254701801473″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”3f4fd88d-5e34-40c4-992e-08b01ee3c8d0″”>

“We are deeply saddened by the passing of Her Majesty Queen Elizabeth II. Our condolences and sympathies are with the royal family.” – London Stock Exchange Group pic.twitter.com/XQj6g2UWDv

– LSEG (London Stock Exchange Group) (LSEGplc) September 8, 2022

Rail and post unions suspend strikes

Three British trade unions representing postal workers and transport employees suspend their scheduled strikes After the death of Queen Elizabeth.

Royal Mail members telecom workers union He had planned industrial action today over a wage dispute, but the union said it called off the strike after the Queen’s death.

The RMT The transport union, suspending strikes planned for September 15 and 17, saying:

“We express our deepest condolences to her family, friends and country,”

The TSSA (Transportation Employees Union) said it was canceling its planned strike in September and would “respect the period of public mourning”.

Introduction: Calm markets and suspend strikes

Good morning, and welcome to our renewed coverage of business, financial markets, and the global economy.

Financial markets plummeted on the first day of national mourning following the death of Queen Elizabeth II.

Business groups and investors in the city remember the Queen’s service over seven decades, and her contribution to modern Britain.

Tony DunkerCBI, Managing Director, spoke to the business world last night when he praised her leadership and values:

“For an unprecedented 70 years on the throne, Her Royal Highness Queen Elizabeth II has served the nation with distinction as a strong example of British values ​​of honour, dignity and resilience. She dedicated her life to the people of the United Kingdom and the Commonwealth of Nations, providing compassionate and inspirational leadership through many challenging times in her long reign.

“Times are tough right now – and made worse by the loss of our beloved Queen – and our honor must be to work tirelessly to build a better future for the people of this country in Her Majesty’s memory.”

The New York Stock Exchange and Nasdaq observed a minute of silence yesterday in honor of the Queen.

Queen Elizabeth mourns at the Nasdaq sign in Time Square.
Photo: The Guardian

The London Stock Exchange is open as normal – unlike in sports, events such as the third Test between England and South Africa and the PGA Championship at Wentworth will be suspended for at least one day.

Under Operation London Bridge (the coming days plan), the stock market will be closed on the day of Elizabeth II’s funeral.

European Opening Calls:#FTSE #DAX #CAC#AEX #MIB #IBEX #OMX #SMI #STOXX pic.twitter.com/taxACTyGhR

— Pedro Gallego Gil (@_SirPeter) September 9, 2022

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But while the markets are open, major indicators are not expected to be volatile, as investors reflect on the Queen’s remarkable reign, and her work at home and abroad.

bell blainstrategist in fragment capitalAs Queen Elizabeth says, she “was instrumental in establishing and strengthening the UK’s soft power” and its standing on the world stage.

It was an extraordinary reign for an extraordinary queen – one of simple but unchallenged greatness. It is admired and respected all over the world. Very popular at home.

The UK will be in mourning for the next 10 days. Life will go on, but don’t expect business as usual.

The Guardian front page, Friday 9 September 2022; Queen Elizabeth II 1926-2022 pic.twitter.com/5ROqSmVqE1

— The Guardian (@guardian) September 8, 2022

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King Charles III She is scheduled to meet with Liz Truss and address the nation:

schedule of work

  • Today: EU energy ministers meet for emergency talks in Brussels on Friday to discuss measures to tackle the energy crisis

  • Noon: The Organization for Economic Co-operation and Development publishes its annual employment outlook report

  • 5:00 pm GMT: Russian GDP and inflation report





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