Rolling coverage of the latest economic and financial news,as shares slide ahead of the crucial American non-farm payroll report at 1.30pm GMTAsia Pacific shares join global slumpMario The Grinch steals the Christmas rally
Introduction: It’s NFP Day
9.03am GMTLet’s not forget that the European Central Bank DID announce fresh stimulus measures yesterday - not just as much as investors had expected.
Blessed is he who expects nothing, for he shall never be disappointed”. So wrote Alexander Pope just for occasions like this. If we had expected nothing, or we would assume the ECB has eased policy,cutting the Deposit Rate to -0.3% and extending the asset-buying programming. 8.56am GMTIn other news, pub chain Wetherspoon’s has become the latest UK company to fall victim to hackers:Wetherspoon hack: details of up to 657000 customers stolen in latest cyber-attack https://t.co/0Zc3sjwlj2Continue reading...
Source: theguardian.com