According to recent reports, food companies increased their prices at a quicker rate than their costs. In other news, a Saudi Arabian investment fund has purchased a stake in Heathrow airport. Stay updated with the latest business developments.


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The FTSE 100 index in London experienced a decrease of 0.3% in its initial trades.

These are the initial snapshots captured from various locations in Europe, as reported by Reuters.

  • The STOXX 600 index in Europe remained unchanged.

  • The DAX in Germany has increased by 0.1%.

  • The FTSE 100 in Britain has decreased by 0.3%.

  • France’s CAC 40 index decreased by 0.1%.

  • The IBEX in Spain rose by 0.5%.

  • The EURO STOXX index and Euro Zone blue chips remained steady.

In October, the Bank of England reported a consumer credit of £1.39bn, which was lower than the expected consensus of £1.5bn.

  • At 9:30am GMT, the Bank of England will release data on mortgage approvals for October. The previous month had 43,328 approvals, while the forecast for this month is 45,000 approvals.

  • At 10am GMT, the economic sentiment for the Eurozone in November was released, with a previous value of 93.3 and a consensus forecast of 93.7.

  • At 10am GMT, the Eurozone consumer confidence data for November will be released. The previous month’s reading was -16.9, and the consensus forecast for this month is also -16.9.

  • At 10:30am GMT, the chair of the Competition and Markets Authority will be speaking at the House of Lords committee.

  • At 1pm GMT, the preliminary year-on-year harmonized inflation for Germany in November was announced (previously at 3%, expected at 2.6%).

  • At 1:30pm GMT, the second estimate for US GDP in Q3 (previous: 4.9% annualized; consensus: 5%) will be released.

  • Source: theguardian.com


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