Hints and tips:
Related Special Reports
...“Growth is looking a bit more resilient than the markets expected, which is good for banks and energy prices, so you’ve got a set-up for some of the most important sectors in the FTSE 100,” said Jason Da...
...Stephanie Stacey...
...Consumer goods stocks lifted European equities after the latest earnings report from luxury giant LVMH eased investors’ fears about a sharp slowdown in sales in China....
...But the yen’s depreciation is stoking inflation by pushing up prices of imported goods. Core inflation, which excludes volatile food prices, rose 2.6 per cent from a year earlier in March....
...Obviously, absolutely nothing, but it’s about as good as any other approach....
...Investors are buying up European travel, retail and luxury goods shares, betting that a rebound in the region’s economy will tempt consumers to spend on more on holidays and expensive items....
...It eased only slightly to 6 per cent in March, in contrast with goods price growth, which dropped to only 0.8 per cent in March from 1.1 per cent the previous month....
...London’s FTSE 100 was down 0.7 per cent, pulled lower by a 29.2 per cent decline for wealth manager St James’s Place and an 11.4 per cent drop for consumer goods firm Reckitt Benckiser, which owns brands...
...“That underperformance offers a good entry point,” he said....
...“We’re seeing a better balance in the equity rally, which is good news for markets,” he said....
...“Suddenly the UK looks more boring compared to other countries — and boring is good,” said Athanasios Vamvakidis, global head of G10 FX strategy at Bank of America. “It means you avoid volatility.”...
...London’s FTSE 100 fell 0.8 per cent following dismal reports from UK-listed consumer goods firm Reckitt Benckiser and wealth manager St James’s Place....
...“All in all, we have achieved good disinflation without recession fears,” said Amelie Derambure, a portfolio manager at asset manager Amundi, which has increased its equity holdings, particularly in Japan...
...European stocks closed at multiyear highs on Friday after LVMH reported resilient sales, boosting hopes that the luxury goods industry can avoid a steep slowdown and pushing up shares across the sector....
...Investors are piling into stocks of European luxury goods and other sectors with exposure to China, believing they offer a safer way to profit from a possible recovery in the world’s second-largest economy...
...As inflation comes back to target, positive growth is “good for equities and not so good for bonds”, he added....
...The core producer price index — which tracks the prices businesses receive for their goods and services and excludes volatile food and energy prices — rose 2.0 per cent year-on-year in November, down from...
...Emmanuel Cau, Barclays’ head of European equity strategy, said the declines were largely due to renewed concerns about a persistently weak Chinese economy, a major market for luxury goods....
...fell 0.1 per cent, was pulled lower by a 10.4 per cent drop for fashion group Burberry, which warned that its profits would be at the “lower end” of expectations amid a global slump in demand for luxury goods...
...The quantity of goods purchased in Great Britain fell by 0.3 per cent in October from September, missing forecasts for a rise of the same amount....
...Joe Staton, client strategy director at GfK, said the improvement in consumer confidence “will be good news for retailers looking to benefit from Black Friday and Christmas”....
...“It seems like this rally has made everyone relaxed and that’s never a good sign,” said Paolini. “The question is: can inflation go much lower?...
...Costa said there was a “good likelihood” the BoI would start cutting interest rates in the first quarter of next year....
...on red alert for a possible currency intervention as the yen traded close to a 33-year low against the greenback earlier this month, adding to inflationary pressures by pushing up the cost of imported goods...
...Sales volumes in household goods stores dropped 1.1 per cent, driven by a sharp decline in furniture purchases....
International Edition