All the day’s economic and financial news, as the latest UK inflation report shows how the cost of living is rising * Introduction: MSCI World Index hits new high overnight * UK inflation may rise to 2.6% * Also coming up: Italian and eurozone GDP 7.58am BST Britain’s stock market could hit a new record high this morning, say spreadbetters IG, after closing at an alltime high last night. #Europe market early trade closing in on yet more record highs for #FTSE100 & #DAX30 - https://t.co/27T6zARQee - losses can exceed deposits. pic.twitter.com/67XaxnCaGl 7.45am BST GOOD MORNING, AND WELCOME TO OUR ROLLING COVERAGE OF THE WORLD ECONOMY, THE FINANCIAL MARKETS, THE EUROZONE AND BUSINESS. World stock markets have hit fresh record highs overnight as the long rally refuses to fizzle out. TIMES BUSINESS: FTSE takes Silk Road to another record high #tomorrowspaperstoday pic.twitter.com/X8EPHbVYoY Clearly the big talking point yesterday was the punchy moves in the barrel courtesy of a determined and cohesive stance from the Saudi’s and Russian’s about extending the output cuts for a further nine months. The market is always going to react when we see collusion between these two oil heavyweights, especially when they pull out a famous Mario Draghi line and pledge “to do whatever it takes” to bring down global inventories. #Greece: Seamen, journalists walk off job ahead of general #strike. No ferries to, from islands for 48 hours. https://t.co/nbBnU0x6R3 .@Vodafone reports £6bn loss thanks to writedown of value of Indian business @BBCr4today Continue reading...
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