In MACRO & COMMODITY NEWS, the EU and UK look to improve relationships, the IMF upgrades growth forecasts for the UK, the UK won't impose Chinese EV import tariffs, Trump donations surge as the world reacts to a potential Trump win and cotton prices fall. In FINANCIALS NEWS, US banks get hit by low savings rates, Morgan Stanley benefits from trading revenues, Klarna gears up for an IPO and Wise experiences a surge in user numbers. In CONSUMER & RETAIL NEWS, UK retail spending rises, Richemont continues the luxury trend, Adidas rebounds and Ocado ups its forecasts. In TECH NEWS, Elon Musk moves to shift SpaceX and X headquarters to Texas and Microsoft faces investigation. AND FINALLY, I bring you beef wellington croissants 😱...
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