Lenders raise mortgage rates as Budget fallout hits homeowners [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Yahoo! Finance
Santander, HSBC and Virgin Money are also upping the rates on some of their loans as the cost of borrowing rises as traders expect interest rates to fall more slowly than previously thought. Gilt yields have risen sharply since the Budget, increasing UK government borrowing costs and impacting swap rates – the main pricing mechanism for fixed-rate mortgages. As a result, lenders have been repricing their loans by up to 0.35pc. Michelle Lawson, of broker Lawson Financial, said: “The delayed ripple effects from the Budget seem to be trickling through now. This appears to be a spectacular own-goal from Labour.” There is also concern that extra costs for businesses following the Budget, such as the minimum wage uplift and the National Insurance rise, could be passed on to consumers. Furthermore, Andrew Bailey, the Bank of England governor, has warned that global and domestic uncertainty could push inflation back up , requiring the bank to keep rates higher for longer. Analysis by
Show less
Read more
Impact Snapshot
Event Time:
HSBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSBC alerts
High impacting HSBC Holdings, plc. news events
Weekly update
A roundup of the hottest topics
HSBC
News
- Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high [MSNBC.com]MSNBC.com
- Zafin Introduces IO Canvas, a Low-Code Builder, to Redefine Data Integration for Financial Institutions [Yahoo! Finance]Yahoo! Finance
- HSBC Global Entrepreneurial Wealth Report: U.S. Entrepreneurs Optimistic Amid Global Market Uncertainty [Yahoo! Finance]Yahoo! Finance
- HSBC Global Entrepreneurial Wealth Report: U.S. Entrepreneurs Optimistic Amid Global Market UncertaintyBusiness Wire
- Monthly World News Agenda [Barron's]Barrons
HSBC
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 424B5
- 11/14/24 - Form 13F-HR
- HSBC's page on the SEC website