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0.000362322942968032 0.000305709983129317 -0.000407613310839133 5.66129598387148E-05 0.000792581437742651 0.00374777794132627 0.00257022837667997 0.0029778416875191
Stock impact report

Household confidence plunges to three-year low on Iran war [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
Household concerns about personal finances have hit a three-year high as the Iran war threatens a fresh spike in inflation. Consumers' confidence over their financial wellbeing fell its lowest level since July 2023, according to a survey of 1,500 UK households. The S&P Global UK Consumer Sentiment Index showed households were more pessimistic about the year ahead as the conflict in the Middle East creates “growing unease”. Maryam Baluch, economist at S&P Global, said people were expecting higher interest rates from the Bank of England to combat an expected surge in inflation. The war has driven up the price of petrol by 25p a litre, with diesel almost 50p per litre above pre-war levels. Money markets indicate the Bank of England will raise interest rates at least once this year as a result of the conflict. Traders had expected rate cuts before the war broke out. Ms Baluch said: “Increased energy-market disruption raises the odds of further spikes in fuel and utility bills Show less Read more
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