European shares have struggled for direction this week and were set for a muted open this morning. Yesterday the ECB chief economist said he had not seen enough progress in taming inflation.
Read more
›
The World Bank warned yesterday that many smaller emerging markets are faced with a “silent debt crisis” as they struggle to cope with the impact of high US interest rates on their finances.
Read more
›
France’s trade deficit widened to €8.9 bn in September 2023, the highest level since April and surpassing market forecasts of €8.1 bn. Imports fell 1.9% to a 19-month low while exports slipped 2.8%.
Read more
›
British retailer, Marks and Spencer posted a better-than-expected 75% jump in profits as “Brits have fallen back in love with M&S” analysts observed. Food sales were up 11.7%, clothes and merchandise rose 5.7%, Ocado retail sales grew 6.9%,…
Read more
›
The pound lost 0.25% and 0.80% yesterday against the euro and US dollar, respectively, as economic data boosted the greenback.
Read more
›
Sterling has been weakening steadily since the start of the week against the euro, now wiping out all the gains of last Friday. It is still 1% stronger than last week against the US dollar, however. We’re in…
Read more
›
The dollar was the big winner yesterday, gaining by between 0.5 and 1.5% against major rivals.
Read more
›
Another mixed day for the single currency, with the only strong movement against the Australian dollar.
Read more
›
