The infoshot to help kick-start your week
- Oil prices rose on Thursday, with Brent crude touching its highest level in more than two months, supported by growing fuel demand and a draw in U.S. crude inventories as production remained hampered in the Gulf of Mexico after two hurricanes. Brent crude was up 0.2% to $77.37 a barrel and U.S. oil was up 0.1% to $73.36 a barrel.
- China Evergrande inched closer on Friday to the potential default that investors fear, missing a payment deadline in one of the clearest indications yet that the developer whose debt struggles have spooked markets is in dire trouble. The company owes $305 billion and has run short of cash.
- UK inflation is expected to rise above 4% by the end of the year, fuelled by rising energy costs, the Bank of England has warned.
- A surge in gas prices has hit consumers and energy firms in the UK, with knock-on effects for the food industry and supplies of carbon dioxide.
- Euro core CPI flash estimate to be released 1st October
- Credit Suisse Economic Expectations to be released 29th
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