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Tommy Stubbington

Capital Markets correspondent
Email Tommy Stubbington @tomstub  on Twitter (link opens in a new browser window)
Email Tommy Stubbington @tomstub  on Twitter (link opens in a new browser window)

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  • Friday, 2 December, 2022
    FT News Briefing podcast11 min listen
    The corporate backlash against net zero

    Emerging market stocks and bonds staged a rebound on a dollar sell-off

  • Thursday, 1 December, 2022
    Emerging market investing
    Emerging market stocks and bonds stage powerful rebound rally

    Signs of slower interest rate rises in developed economies drive best month for EM debt in 24 years

  • Tuesday, 29 November, 2022
    Eurozone inflation
    Investors bet on peak inflation after price growth slows in Germany and Spain

    Figures fuel hopes of lower inflation in the eurozone but food prices continue to surge

  • Sunday, 20 November, 2022
    US Dollar
    Dollar tumbles from 20-year high as US inflation eases

    Slowing price growth sparks speculation Fed will cool pace of rate rises

  • Thursday, 17 November, 2022
    Autumn Statement
    UK markets take Autumn Statement in stride

    Modest reaction to fiscal announcement marks stark contrast to previous government’s mini-Budget

  • Wednesday, 16 November, 2022
    UK public finances
    Investors warn UK government on dangers of new austerity wave

    Cuts to public spending must be balanced with recession risks, say fund managers

  • Tuesday, 15 November, 2022
    The Big Read
    The cracks in the US Treasury bond market

    The meltdown in UK gilts exposed the vulnerability of large bond markets. Could the biggest of them survive a wave of selling?

  • Friday, 4 November, 2022
    News in-depthPound Sterling
    ‘Better, but not good’: investors cautious on sterling after rebound

    Pound has recovered from record low against the dollar but economic woes cloud the outlook

  • Thursday, 3 November, 2022
    The Big Read
    How long can Japan’s central bank defy global market forces?

    Governor Haruhiko Kuroda is betting on a royal flush of macroeconomic outcomes to win the battle. But the costs, and the risks, are rising

  • Tuesday, 1 November, 2022
    Sovereign bonds
    Bank of England begins selling bonds as it unwinds QE programme

    Sale of £750mn of short-term government debt comes as UK central bank seeks to trim balance sheet

  • Thursday, 27 October, 2022
    Eurozone economy
    ECB raises rates by 75 basis points as markets detect ‘dovish pivot’

    Euro and government borrowing costs fall after Christine Lagarde highlights mounting risk of recession

  • Wednesday, 26 October, 2022
    UK public finances
    Hunt seeks breathing space with new date for UK Autumn Statement

    Calmer markets could shrink forecasts for fiscal hole facing chancellor and new PM in debt-cutting package

  • Tuesday, 25 October, 2022
    Gilts
    Gilt yields return to levels seen before mini-Budget

    Prices rally as markets react with relief to Rishi Sunak victory in Conservative party leadership contest

  • Monday, 24 October, 2022
    Capital markets
    Gilts rally as Sunak poised to become prime minister

    Shorter- and long-dated bond yields return to levels last seen before mini-Budget

  • Friday, 21 October, 2022
    UK politics & policy
    Investors and MPs take fright at prospect of Boris Johnson’s return

    Gilts under renewed pressure as candidates to become UK’s next prime minister jostle for support

  • Thursday, 20 October, 2022
    Equities
    US stocks close lower as traders prepare for more Fed tightening

    Early gains evaporate as S&P 500 gives up 0.8%

  • Thursday, 20 October, 2022
    Yen
    Yen slips past ¥150 against the dollar to lowest level since 1990

    Depreciation of Japan’s currency has investors on alert for further government intervention

  • Monday, 17 October, 2022
    Gilts
    Gilts and pound rally as Hunt aims to steady market with fiscal plans

    UK chancellor outlines measures to tackle government’s deficit

  • Friday, 14 October, 2022
    Gilts
    Gilts in fresh slide as investors say Truss U-turn did not go far enough

    Analysts say prime minister’s decision to ditch £18bn corporate tax cut was not ‘enough of a pivot’

  • Friday, 14 October, 2022
    UK politics & policy
    Kwarteng leaves IMF meetings early as UK prepares to rip up tax plans

    Chancellor makes hasty departure from Washington while markets rally on hopes of reversal of mini-Budget proposals

  • Thursday, 13 October, 2022
    UK business & economy
    Sterling and gilts rally as pressure mounts on Truss to ditch tax cuts

    Bank of England’s purchase of £4.7bn in UK debt eases investor jitters

  • Wednesday, 12 October, 2022
    Bank of England
    BoE escalates bond buying as it fights renewed gilt sell-off

    UK’s 30-year borrowing costs leapt to 5.1% before latest intervention by central bank

  • Tuesday, 11 October, 2022
    Bank of England
    Bailey rules out extending Bank of England intervention

    Governor sticks with Friday deadline for central bank action and tells pension funds they have three days left

  • Tuesday, 11 October, 2022
    ExplainerGilts
    Why the Bank of England’s bond-buying facility is little used

    Traders fear they will be left holding unwanted gilts if the central bank rejects their offer

  • Tuesday, 11 October, 2022
    Pensions crisis
    UK pension funds call on Bank of England to extend bond purchases

    Industry still faces ‘a lot of disorder’ from LDI strategies at the centre of the crisis

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