by Julian Benson | Nov 9, 2023
European shares have struggled for direction this week and were set for a muted open this morning. Yesterday ECB chief economist said he had not seen enough progress in taming inflation.
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by Julian Benson | Nov 8, 2023
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. Investors bet that borrowing costs will remain higher for longer and as a...
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by Julian Benson | Nov 8, 2023
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%.
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by Julian Benson | Nov 8, 2023
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%, but share loss was...
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by Julian Benson | Nov 8, 2023
The pound lost 0.25% and 0.80% yesterday against the euro and US dollar, respectively, as economic data boosted the greenback. Huw Pill, chief economist at the Bank of England spoke about UK interest rates in an online Q&A with the public. Pill said, interest...
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