All the day’s economic and financial news, as president Trump’s ban on citizens from seven countries entering the US worries investors * Shares fall after Trump travel ban * Financial markets suffering ‘uncertainty and jitters’ * FTSE 100 has hit lowest level of 2017 * UBS: Middle East investors may shun US * The agenda: Inflation data kicks off a busy week * Starbucks vows to hire 10,000 refugees after Trump travel ban 12.51pm GMT THERE ARE ALSO SIGNS TODAY THAT THE EUROZONE DEBT CRISIS IS BUBBLING UP. The yield, or interest rate, on Greek two-year bonds has jumped from 6.8% to 8.6% today. That means investors are keen to offload the debt, following the IMF’s warning that Greece needs substantial debt relief. 12.32pm GMT Shares in several travel companies have fallen today. AIR FRANCE-KLM are down 2.2%, IAG (parent company of British Airways) have lost 1.2% and INTERCONTINENTAL HOTELS are 1.6% lower. They would all suffer if the global economy slows, or enters an era of greater protectionism. Travel stocks decline in Europe in wake of Trump’s immigration order https://t.co/nXCA0j0Cww Continue reading...
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