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Markets have been subdued and strikes have been suspended as the industry mourns the Queen – business is alive.work

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Introduction: Markets Subdued, Strikes Suspended

good morning. Welcome to our rolling coverage of business, financial markets and the global economy.

Financial markets were subdued on the first day of national mourning after the death of Queen Elizabeth II.

Business groups and Citi investors remember the Queen’s 70-year legacy and contributions to modern Britain.

Tony Dunkerthe CBI Executive Director spoke on behalf of the business community last night when he praised her leadership and values.

“In her unprecedented 70 years on the throne, Queen Elizabeth II has served her country remarkably as a steadfast example of British values ​​of honor, dignity and resilience. He dedicated his life to providing compassionate and inspirational leadership during the many difficult times of his long reign.

“These are difficult times, made even harder by the loss of our beloved Queen. It’s about working hard.”

The New York Stock Exchange and Nasdaq held a silence yesterday to honor the Queen.

Photo: Guardian

The London Stock Exchange has just opened as usual. Unlike sports where events like his third Test between England and South Africa and his PGA Championship at Wentworth have him suspended for at least a day.

Under Operation London Bridge (planned for the next few days), the stock market will be closed on the day of Queen 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 market is open, investors contemplate the Queen’s astounding reign and her work at home and abroad, so key indices are expected to remain unchanged.

Bill Blainethe strategist Debris capitalQueen Elizabeth has established herself on the world stage, stating that she “played a key role in establishing and strengthening Britain’s soft power”.

It is an extraordinary reign by an extraordinary Queen, one of simple but unwavering majesty. Admired and respected all over the world. A big favorite at home.

For the next 10 days, Britain will be in mourning. Life goes 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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Charles III I plan to meet Liz Truss and address the nation.

agenda

  • TODAY: EU energy ministers will meet in Brussels on Friday for emergency talks to discuss measures to combat the energy crisis

  • Noon: OECD releases annual employment outlook report

  • 5pm BST: 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.

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n”,”url”:”https://twitter.com/_SirPeter/status/1568118840805957632″,”id”:”1568118840805957632″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”280aa932-9283-4cf4-93dd-ba59fe50a28f”},{“_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.

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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.

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n

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.

n

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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n”,”url”:”https://twitter.com/guardian/status/1567995842568634370″,”id”:”1567995842568634370″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”f7f50782-93f0-4a76-9059-43508a5f998d”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

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

“,”elementId”:”b69e7a24-d13b-41d6-9298-4c8095f01f6c”},{“_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”:”2f8847a2-8f49-46d1-89b4-76e02db3d9d8″},{“_type”:”model.dotcomrendering.pageElements.SubheadingBlockElement”,”html”:”

The agenda

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    n

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

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  • Noon: OECD publishes its annual Employment Outlook report

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  • 5pm BST: Russian GDP and inflation report

  • n

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important event

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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n

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

n

“,”elementId”:”65f5d14a-845b-425a-ac95-1c64d1149959″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

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:

“,”elementId”:”4764be8f-c563-4ff8-b010-0b6de4a2af13″},{“_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”

n

“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.

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n”,”url”:”https://twitter.com/_SirPeter/status/1568118840805957632″,”id”:”1568118840805957632″,”hasMedia”:false,”role”:”inline”,”isThirdPartyTracking”:false,”source”:”Twitter”,”elementId”:”280aa932-9283-4cf4-93dd-ba59fe50a28f”},{“_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.

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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.

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n

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.

n

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

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The agenda

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    n

  • 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 regularly visited the City, giving major speeches at the Guildhall, inaugurating new buildings and visiting its most historic church, St Paul’s Cathedral.

City AM has a great article on the connection between the Palace and the Square Mile. Here are the flavors:

At her 40th anniversary lunch at the Guildhall, she toasted the square mile joie de vivre.

“This Great Hall has provided some of the most memorable events of my life.

“The City of London is famous all over the world for its hospitality, but nowhere is it more appreciated than my family,” she said at a luncheon just days after the fire at Windsor Castle.

She also attended the opening of the Swiss Re building, better known as The Gherkin, first dominating the city skyline of London.

The Tower of London with the Gherkin building in the background in the city of London, England.
Photo: Peter Alvey/Alamy

The stock market is open as usual, FTSE 100 increased by almost 1%.

Today’s weakness in the US dollar has pushed some stocks higher, with mining companies leading the way.

Naeem Aslam chief market analyst AvaTrade say:

“Investors are digesting the sad news of the Queen’s death in the UK and pondering Federal Reserve Chairman Jerome Powell’s recent inflation statement.”

It has been a volatile week in the City with the announcement of the country’s new prime minister and the death of its longest-reigning monarch.

Equities were volatile, government bonds were weak on concerns about the economic outlook, and borrowing increases to finance the energy bill announced yesterday were frozen.

The pound has recovered from Wednesday’s 37-year low and has shown some gains against the dollar.

The pound gained 1 cent to $1.16 as the dollar weakened against other currencies.

but, Reuters It points out that the pound lost a lot of value during the Queen’s reign:

Elizabeth was crowned in a country weary of her victory in World War II and reigned for 70 years. Stirling is perhaps a mirror of the empire’s long decline at the time. In 1952 he was pegged at $2.80, but this week it hit his 37-year low of $1.1407.

Economists believe it will cost more than £100bn as Britain borrows heavily to pay for energy subsidies, which could lead to further declines.

The London Stock Exchange (LSE) has announced that markets will open as normal on Friday and close as normal today following the death of Queen Elizabeth II.

The LSE added that it was aware of public holidays in England and Wales and said it would inform the market through additional notices of any upcoming changes to its operating regime.

Queen Elizabeth’s funeral is expected to fall on a public holiday, and in this scenario the LSE 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

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“We extend our deepest condolences on 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

Railway and postal union suspends strike

Following the Queen’s death, three British trade unions representing postal workers and transport staff have suspended planned strikes.

royal mail member communication union Trade unions were due to take industrial action today over the wages dispute, but the union said it had called off the strike after the Queen’s death.

of RMT The transport union has suspended strikes scheduled for September 15th and 17th, saying:

“My deepest condolences to her family, friends and country.”

of TSSA The (Transportation Salarymen’s Association) has canceled strike actions scheduled for September, saying it will “respect the public mourning period.”

Introduction: Markets Subdued, Strikes Suspended

good morning. Welcome to our rolling coverage of business, financial markets and the global economy.

Financial markets were subdued on the first day of national mourning after the death of Queen Elizabeth II.

Business groups and Citi investors remember the Queen’s 70-year legacy and contributions to modern Britain.

Tony Dunkerthe CBI Executive Director spoke on behalf of the business community last night when he praised her leadership and values.

“In her unprecedented 70 years on the throne, Queen Elizabeth II has served her country remarkably as a steadfast example of British values ​​of honor, dignity and resilience. He dedicated his life to providing compassionate and inspirational leadership during the many difficult times of his long reign.

“These are difficult times, made even harder by the loss of our beloved Queen. It’s about working hard.”

The New York Stock Exchange and Nasdaq held a silence yesterday to honor the Queen.

Photo: Guardian

The London Stock Exchange has just opened as usual. Unlike sports where events like his third Test between England and South Africa and his PGA Championship at Wentworth will see him suspended for at least a day.

Under Operation London Bridge (planned for the next few days), the stock market will be closed on the day of Queen 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 market is open, the key indices are expected to remain unchanged as investors contemplate the Queen’s astounding reign and her work at home and abroad.

Bill Blainethe strategist Debris capitalQueen Elizabeth has established herself on the world stage, stating that she “played a key role in establishing and strengthening Britain’s soft power”.

It is an extraordinary reign by an extraordinary Queen, one of simple but unwavering majesty. Admired and respected all over the world. A big favorite at home.

For the next 10 days, Britain will be in mourning. Life goes 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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Charles III I plan to meet Liz Truss and address the nation.

agenda

  • TODAY: EU energy ministers will meet in Brussels on Friday for emergency talks to discuss measures to combat the energy crisis

  • Noon: OECD releases annual employment outlook report

  • 5pm BST: Russian GDP and Inflation Report

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