Economic News Page 1
L'Oréal stock rises after death of Bettencourt
Beauty giant L’Oréal saw its shares rise this morning following the death of billionaire majority stakeholder Liliane Bettencourt.
Purchasing managers' index shows eurozone momentum
The eurozone economy ended the third quarter on a strong note, according to the latest Purchasing Managers' Index figures from data specialist IHS Markit. Growth in business activity picked up to its highest since May.
BoJ keeps monetary policy on hold
The Bank of Japan (BoJ) chose to keep interest rates on hold today, with rate tightening appearing a long way off.
Fed to begin stimulus withdrawal in October
The Federal Reserve signals it is to begin unwinding its balance sheet in October, while also signalling that it still expects to raise interest rates one more time this year
ONS reports UK retail sales rise in both volume and value
Retail sales rose in the UK in August, both in volume and value, according to the latest figures released by the Office for National Statistics this morning.
German economic sentiment indicator down
The ZEW Indicator of Economic Sentiment for Germany published this morning fell considerably by 7.5 points in August 2017. It now stands at 10.0 points.
Ocado shares slide despite reporting strong growth
Online supermarket group Ocado has reported a strong quarter of revenue growth in its trading statement for the 13 weeks to 27 August 2017.
Missing debt mountains: a 'What if?' poser from the BIS
More than US$10.7tn of debt globally is not being recorded on any balance sheet anywhere, according to a just-published paper from the Bank for International Settlements
Economic preview: Fed and BoJ policy decisions loom
Central bankers take centre stage again this week, with monetary policy decisions from the US Federal Reserve on Wednesday and the Bank of Japan on Thursday