The Bank of England raised its Bank Rate by 0.25 percentage points to 4% amid ongoing inflation pressures driven by rising energy prices and global conflicts. Inflation in the UK is projected to rise to around 5% by mid-next year before falling as energy price impacts ease and restrictive monetary policy takes effect. The central bank remains cautious, stating that monetary policy will adapt based on evolving economic data to meet the 2% inflation target. Following the rate hike, gold prices showed modest selling but remain supported, trading above critical levels both in pounds and dollars.
Gold market holding solid gains provides context for readers, with Pluang's market snapshot as of Nov 05, 2026 18:41 WIB showing a breadth of 104 rising and 43 falling among 150 priced US stocks. Notable movers include NIO at USD 3.40 with a 3.34% increase and 95% sell order activity, Marvell Technology Inc (MRVL) at USD 154.73 down 3.17% with 72% buy activity, and Advanced Micro Devices (AMD) at USD 474.33 down 2.96% with 57% buy activity.
Opus Genetics has finished dosing the higher-dose Cohort 2 in its Phase 1/2 trial of OPGx-BEST1, a gene therapy for BEST1-related inherited retinal diseases like Best vitelliform macular dystrophy and autosomal recessive bestrophinopathy. Cohort 2 en...
Perimeter Group Inc. announced a net income of $304.5 million for Q3 2026, reversing a prior year loss of $90.7 million, with net sales up 24% to $389.9 million. Growth was driven by a 14% increase in Fire Safety sales and an 84% surge in Specialty P...
ACM Research reported a 37% year-over-year revenue increase to $367.7 million in Q3 2026, driven by strong demand in electrochemical plating (ECP) and advanced packaging technologies. The company is expanding manufacturing capacity and global sales e...
Purple has renewed its partnership with Lucid Motors to continue providing WiFi services across Lucid's operations in Riyadh. This renewal ensures that both staff and visitors have secure and easy internet access, supporting Lucid's growing presence ...
Investec Bank Plc, acting as joint broker to SThree Plc, disclosed public dealings involving the purchase and sale of 118,333 ordinary shares each on November 4, 2026. The transactions were conducted within a price range of 295 to 304 per share. Ther...
