All the day’s economic and financial news, including a new healthcheck on Britain’s consumer sector at 9.30am * Introduction: UK retail sales at 9.30am * Investors confidence dented by Trump press conference * No hope of Greek breakthrough by Monday 9.02am GMT ALL THE MAJOR EUROPEAN MARKETS HAVE DIPPED THIS MORNING, AS THE AFTERMATH OF DONALD TRUMP’S PRESS CONFERENCE RIPPLES THROUGH TRADING FLOORS. President Trump’s press conference yesterday was a return to the policies and performance aesthetics of his candidacy. Accusations and grandstanding apart, the performance offered us little substance on any economic matters more than he has already told us. If candidate Trump returns to the podium continually while a Congress works to enact tax reform then the relationship between the two are all important. He needs Congress to build stuff but he does not need them to start tearing things down. “Trump’s erratic performance in the press conference has had a destabilising influence on investor confidence.” Trump summarized: This job is hard and people are being mean, especially in the media. Also I won the election. 8.37am GMT IT’S BEEN ANOTHER BAD DAY FOR JAPANESE CONGLOMERATE TOSHIBA, AS THE CRISIS AT ITS NUCLEAR DIVISION RUMBLES ON. Continue reading...
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