* Draghi defends ECB in Bild interview * Greek crisis escalating again.... * Osborne: Investment being delayed by EU risks * Economists: Can’t just blame Brexit * Breaking: UK growth slows to 0.4% * Service sector grows, everything else shrinks 6.01pm BST Another rise in the oil price helped lift stock markets, even though crude came off its best levels following a bigger than expected rise in US inventories. UK GDP was in line with forecasts, while there was a positive reaction to a number of company results including Barclays and GlaxoSmithKline. Apple’s disappointing figures however left technology shares flagging, and investors remained cautious ahead of the latest rate setting meetings from the US Federal Reserve and the Bank of Japan. The final scores showed: 5.57pm BST Citi has come up with forecasts for interest rates in the UK, eurozone and Japan: Citi expects deeper neg rates for Eurozone & Japan. Sees ECB to cut depo rate to -0.5%, BOJ to cut pol rate to -0.5% pic.twitter.com/bBnEfMxW51 Continue reading...
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