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Euro zone business activity in July expanded at its fastest monthly pace in more than 20 years as services were boosted by an easing of Covid curbs, although fears of another wave of infections hit confidence, according to a survey released Friday.
Business activity growth in the UK slowed in July, with private sector growth hitting a four-month low as shortages of staff and materials held back the recovery, according to a flash survey released on Friday.
Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
Policymakers at the European Central Bank will keep its interest rates at their current low level until it sees inflation returning to its new target level "well ahead" of its projection horizon and in a "durable manner".
UK factory output rose at a joint-record pace in the past three months but worries about shortages of materials and labour were at their highest since the 1970s, a CBI survey showed.
UK retailer Marks & Spencer warned that it would not supply some Christmas good to Northern Ireland due to increased customs checks as part of the Brexit deal signed by Prime Minister Boris Johnson.
UK public sector net borrowing fell in June as the economy opened up again, according to figures released on Wednesday by the Office for National Statistics.
Ministers risk being accused of making an “intergenerational raid” on taxpayers to fund the soaring cost of social care in the UK, according to financial analysts.
Analysts at Jefferies believe the so-called Delta variant may be less lethal, even if more transmissible, than earlier variants of the virus - although not everyone is onboard with that notion.
UK grocery sales have fallen, industry research showed on Tuesday, as lockdown restrictions continued to ease and football fans went out to watch Euro 2020.
Footfall across all retail destinations is expected to spike by nearly 20% following Monday’s lifting of Covid restrictions, according to research published by Springboard.
Crude oil futures slid at the start of the week after the Organisation of Petroleum Exporting Countries ad its main allies clinched a deal at the weekend to increase their combined output.
