Rolling coverage of the latest economic and financial news
- Latest: Sterling highest since February 2020 vs euro
- German investor morale hit by fourth-wave fears
- US small business confidence falls amid struggle to find workers
Earlier:
- Philip Morris shifts to takeover offer for Vectura
- Holiday Inn owner says ‘trading improved significantly’
- China and US leading way.. business travel stronger too
- Serviced offices firm IWG ‘cautiously optimistic’ as business picks up
Over on Wall Street, stocks have hit fresh record highs in early trading.
⚠️BREAKING:
*DOW, S&P 500 HIT NEW RECORD HIGHS pic.twitter.com/eaN5bRzBRR
Today’s ZEW survey also showed that investors are less worried about rising prices in the eurozone, with inflation expectations dipping.
ZEW survey inflation expectations dropped sharply. First time a survey now too views inflation as transitory pic.twitter.com/AFXT9Rcd2O