Wednesday 11/10/23

In BIG PICTURE NEWS, Fed rate chat boosts markets, the IMF reckons UK rates will need to remain higher and there's more talk of the EU planning an anti-subsidy probe into Chinese companies - and it's steelmakers this time. In RETAIL, CONSUMER GOODS & CONSUMER NEWS, Amazon wants you to buy again, Selfridges falls into loss, LVMH suffers a slowdown, Birkenstock prices up, PepsiCo loses its fizz, UK food prices slow, energy bills cause struggles and job vacancies fall. In REAL ESTATE NEWS, Country Garden looks dodgy, Australia has a mortgage problem and the Bank of England's concerns about 35-year mortgages increase. In MISCELLANEOUS NEWS, Saudi Arabia's collab with China raises chip concerns, Facebook gets into hot water and Netflix subscriber number growth slows down. AND FINALLY, I bring you a compelling, yet ultimately pointless, world record...


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