Bank of England downgrades growth after Budget blow [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Yahoo! Finance
The Bank of England has warned the economy is grinding to a halt as companies respond to Rachel Reeves's record tax raid by raising prices and shedding jobs. Policymakers now expect zero growth in the final three months of 2024, a sharp downgrade compared with its previous projection of 0.3pc. The economy shrank in October, raising fears of recession. While officials voted on Thursday to keep interest rates on hold at 4.75pc, Andrew Bailey, the Bank's governor, said they could not commit to future rate cuts amid uncertainty over the Chancellor's maiden Budget. A Bank survey warned that employers were increasingly responding to a £25bn increase in employer national insurance contributions by raising prices and pausing on hiring rather than offering staff lower wages. Policymakers suggested that ongoing uncertainty over pay, including the impact of another big increase in the minimum wage had “added to the argument for a gradual approach to the withdrawal of policy restrictiven
Show less
Read more
Impact Snapshot
Event Time:
ING
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
ING 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
ING alerts
High impacting ING Group, N.V. news events
Weekly update
A roundup of the hottest topics
ING
News
- The Fed's hawkish signal sparked gold jitters — but analysts see support for the precious metal in 2025 [CNBC]CNBC
- Poland is selling 1,000 metric tons of its vast frozen butter reserves in an unconventional move to tackle rising inflation [Yahoo! Finance]Yahoo! Finance
- Poland is selling 1,000 metric tons of its vast frozen butter reserves in an unconventional move to tackle rising inflation [Fortune]Fortune
- Rates Spark: Long-End Rates Look Too Low Post The FOMC [Seeking Alpha]Seeking Alpha
- Poland is selling its strategic butter reserves to curb soaring prices [Yahoo! Finance]Yahoo! Finance
ING
Earnings
- 2/1/24 - Miss
ING
Sec Filings
- 12/17/24 - Form 6-K
- 12/12/24 - Form 6-K
- 12/10/24 - Form 6-K
- ING's page on the SEC website