Hints and tips:
...In Europe markets showed some buoyancy on the China data and on positive financial results from consumer groups including the clothing retailer H&M and the grocer Ocado....
...H&M and Zara busy, but with very heavy markdowns. Both Zara and H&M proved very popular with the returning crowds. Queues persisted in front of both fascias for most of the day....
...Meanwhile, Boohoo has declared it wants to be the online equivalent of H&M or Zara. Asos has similar ambitions to be a global player....
...This assumes +0.2% 2H20E UK LFL (C&H -2%, Food +1.5%), -65bp 2H20E UK gross margin delta (Food -25bp, C&H -45bp), and -0.7% yoy 2H20E opex....
...Julian Evans-Pritchard, senior China economist for Capital Economics, expects the RRR cut to be followed by policy rate cuts so that interbank rates decline far enough to boost lending....
...That last sentence is not nearly as certain as Evans-Pritchard makes it sound....
...Jonathan Pritchard of Oriel downgraded his full-year profits forecast from £73m to £69m, compared with £92m in 2012....
...Related links: The descent into global C-H-A-O-S – FT Alphaville IMF admits that the West is stuck in near depression – Ambrose Evans-Pritchard...
...” - Ambrose Evans-Pritchard & the City. - The graphic global debt. - Emails from crazy people, PwC edition (H/T LOLFed). - All hail, Felix Salmon. Will regulation hobble capitalism?...
...Eighty years after the Pooh stories were first published with distinctive illustrations by E.H....
...Take H....
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