Shares#ELAlater 8.40am BSTBudget airline easyJet is main the FTSE 100 risers in London. Shares surged by nearly 7%,after raising its profit forecasts and reporting record traffic levels in August. 8.36am BSTUp we proceed again! European stock markets have jumped at the start of trading, as investors pile into shares ahead of the ECB assembly.
The FTSE 100 leapt by 86 points, or nearly 1.5%,with traders anticipating that Mario Draghi may suggest new stimulus moves at this afternoon’s press conference in Frankfurt. 8.31am BSTSpain’s services companies have posted another month of solid growth, as its economy continues to recover. The Spanish Services PMI came in at 59.6 in August, and down very slightly on July’s 59.7 but still a strong result (any reading over 50 shows growth). Measures of new business and job creation remained robust too. 8.20am BSTOvernight,the International Monetary Fund has warned that the downside risks to global growth have risen, partly due to the slowdown in China.
In a new report, and ahead of the G20 finance ministers assembly in Ankara this weekend,the Fund said:Near-term downside risks for emerging economies have increased, given the combination of China’s growth transition, and lower commodity prices,potential adverse corporate balance sheet and funding challenges related to a dollar appreciation, and capital flow reversals and disruptive asset price shifts.
Risks to growth include financial market volatility, and declining commodity prices & depreciating EMs currencies. #G20 http://t.co/sHBUAx62c0 Related: IMF: China slowdown could keep global interest rates low 8.13am BSTMost mornings recently,we’ve been glued to the twists and turns on the Chinese stock market. Not nowadays, though.
The Shanghai index is closed until Monday, and so Beijing could hold a parade to brand its victory over Japan and the end of the moment world war. And what an event it was,with masses of tanks, planes and troops on display. For the Brits Ken Clarke has turned up. Didn't seem overly keen to have the official photo. pic.twitter.com/nyum4nUE1n Related: China military parade commemorates moment world war victory – as it happened Xi, and Putin aaaand Jiang Zemin out on balcony. Big gasp for final guy pic.twitter.com/V6Pcau9d8DIf you think you're melting imagine these guys... pic.twitter.com/33uUpcCkE1Tanks rolling into Tiananmen pic.twitter.com/IokDotmPXx 7.54am BSTAfter some tough days,Asia’s markets are staging a modest recovery nowadays.
Japan’s Nikkei jumped by 0.7%, following three days of losses, and there are also gains in South Korea and India.
In the face of destitute growth prospects in Japan,banks aggressively began lending to emerging Asian nations. With the massive falls seen in emerging market currencies over the past twelve months or so, defaults on these loans have been soaring. This is likely to be a major headwind to the performance of the Nikkei over the coming months as well. 7.41am BSTGood morning, and welcome to our rolling coverage of the world economy,the financial markets, the eurozone and business.Investors will be looking to ECB President Draghi for more supportive comments later nowadays.
Our European opening calls: $FTSE 6130 up 47 $DAX 10134 up 86 $CAC 4590 up 35 $IBEX 10027 up 89 $MIB 21765 up 153Continue reading...
Source: theguardian.com