US tariff war hurting trade with China; Beijing ‘confident’ of hitting growth targets – business live
Rolling coverage of the latest economic and financial newsSky News are reporting that hundreds of agency staff at Marks & Spencer’s main clothing and home warehouse in the East Midlands have been told not to come in as the retailer wrestles with the impact of its huge cyberattack.Goldman Sachs analysts remain cautious about the outlook for shares, though.Despite the uncertainty, the STOXX 600 is up 3% year-to-date, having rebounded by 11% from its recent trough. Looking at the performance of Cyclicals versus Defensives, we find that the European equity market is currently pricing Euro area GDP growth of approximately 1.5%.This is higher than our economists’ forecast for Euro area real GDP growth of 0.7% in 2025. Continue reading...
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Rolling coverage of the latest economic and financial news
Sky News are reporting that hundreds of agency staff at Marks & Spencer’s main clothing and home warehouse in the East Midlands have been told not to come in as the retailer wrestles with the impact of its huge cyberattack.
Goldman Sachs analysts remain cautious about the outlook for shares, though.
Despite the uncertainty, the STOXX 600 is up 3% year-to-date, having rebounded by 11% from its recent trough. Looking at the performance of Cyclicals versus Defensives, we find that the European equity market is currently pricing Euro area GDP growth of approximately 1.5%.
This is higher than our economists’ forecast for Euro area real GDP growth of 0.7% in 2025.
Continue reading...
