The infoshot to help kick-start your week
- Fitch has become the first rating agency to declare that China Evergrande’s overseas bonds are in default after the world’s most indebted developer failed to make a crucial interest payment this week.
- Nestle is selling part of its stake in L’Oreal back to the cosmetic makers for 8.9 billion euros.
- UK Prime Minister Boris Johnston tightened pandemic rules to curb the spread of the omicron variant, advising people to work from home and mandating the use of vaccine passports in large venues.
- World stocks stalled at two-week highs on Thursday as increased restrictions in parts of the world to contain the Omicron coronavirus variant tempered optimism following encouraging news on the vaccine front.
- U.S. Producer Price Index (PPI) YoY to be released on December 14th.
- UK CPI YoY to be released on December 15th, forecasted to be 3.9%.
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel