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OFFON

Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

The latest from London: Evergrande's surprise payment boosts the FTSE 100

10/22/2021 | 05:01am EST

German price expectations climbed to levels not seen since 2013, while in the UK, 48% of citizens thinks inflation will accelerate over the next 12 months, according to a new survey. Uncertainty over the next moves from central bank is growing.

Fresh data shows British retail sales fell 0.2% in September, while consumer confidence dipped for a third month in a row in October, UK's economy was still reeling from the impact of inflation and supply chain pressures.

But there is some glimmer of hope after China’s Evergrande made a surprise interest payment, which lifted Wall Street yesterday.

The FTSE 100 rose 0.4% this morning, lifted by mining stocks. JD Sports Fashion gained 2.2%, after announcing its acquisition of Cosmos Sport S.A. Meanwhile, Money transfer company Wise dipped 4.3% after a co-founder announced he would sell 1.1% of his Class A shares.

Flash purchasing managers index survey data for October for Britain, the euro zone and the United States will be closely watched today.

Things to read:

Hedge Funds are Thriving Amid Inflation Wary Markets (Bloomberg)

Evergrande is Living Dead Despite Bond Payment (Bloomberg)

Investors flee Gold for Cryptocurrencies as Inflation fears rise (Financial Times)

BoE chief economist predicts 5% UK inflation (Financial Times)

 


ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.64% 0.5331 Delayed Quote.-4.80%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.48% 0.58682 Delayed Quote.2.37%
EURO / BRITISH POUND (EUR/GBP) 0.20% 0.84982 Delayed Quote.-5.25%