Rolling coverage of the latest economic and financial news
- Retail sales fell 0.9% in August
- Supply chain problems hit retailers
- Food store sales drop as more people dine out
- Travel shares jump on reports of restrictions easing
The slide in iron ore prices in recent months is quite startling:
Nice graph showing the move in the Iron Ore Spot Price and $FMG: pic.twitter.com/oMXKcKcj8r
Iron ore prices have tumbled 55 per cent in four months after reaching record highs. Food for thought for BHP, Rio Tinto, Fortescue shareholders.https://t.co/4s8TzPVPE9
“The iron ore price has plunged below $100 a ton, thanks to a Beijing regulator making disparaging remarks about the steel industry this time. Following the business news out of China these days is like reading a teen horror novel written by R.L Stine.” – Vestact
The rally in travel shares has helped lift stocks higher.
The FTSE 100 has gained 27 points, or 0.4%, to 7055 points, while the Europe-wide Stoxx 600 has gained 0.6%.