UK Inflation moved to a near-three-decade high, rising to 5.4%. The cost of living in Britain jumped up which was driven by the price in clothes, food and footwear. With the Bank of England set to meet in February, policy makers are now facing increasing pressure to hike interest rates, as hold-ups in UK ports and shortages amongst staff due to Covid isolations also pushing the price up for furniture and eating out.
Microsoft’s buyout of Activision Blizzard for $68.7 billion will give the technology giant access to the biggest video games on consoles and smartphones with access to the next phase in computing.
With surging Treasury yields, European stocks are set to join a global selloff. We can expect earnings reports from Morgan Stanley and Bank of America, with inflation data from Canada, Germany and South Africa also expected.
|
Share Index |
Prev. Close | Open |
|
FTSE100 |
7563.55 | 7563.55 |
|
DAX |
15772.56 | 15639.45 |
| CAC40 | 7133.83 |
7104.11 |