📆 Friday, September 22
► European equities experienced downturns as concerns over high interest rates to tackle inflation persisted. The Stoxx 600 Index is trading (currently) 0.5% lower.
► Yesterday, the Bank of England maintained its bank rate at 5.25%, despite some members advocating for an increase. In addition to that, UK retail statistics indicated a month-on-month growth of 0.4% for August 2023, though the year-on-year data showed a decline of 1.4% for the same month. Unlike the ECB the previous week, Bank of England Governor Andrew Bailey said the central bank stands ready to make further increases if necessary. In the UK, market sentiment briefly rose and the FTSE 100 hit a 4-month high before falling back to end the day down 0.69% (in regular trading; further losses in after-hours trading).
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