Stock market correction of 5%-10% ‘likely before year end’; US inflation expectations rise – as it happened

Posted by on September 13, 2021 12:35 pm
Categories: Global Stories

Rolling coverage of the latest economic and financial news


5.35pm BST

Time to wrap up….

Here’s today’s main stories:

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Related: UK to offer £265m in subsidies for renewable energy developers

5.18pm BST

European stock markets have shrugged off growth fears and talk of a stock market pullback, to end the day higher.

In London, the FTSE 100 gained 39 points or 0.55% to end at 7068 points. Royal Mail (+3%), Lloyds Banking Group (+2.8%), and hedge fund management group Pershing Square (+2.6%) led the risers.

Spain’s Ibex up 1.3%. German Dax up 0.6%
The major European indices are ending the day with gains across the board:

German DAX, +0.56%
France’s CAC, +0.2%
UK’s FTSE 100, +0.55%
Spain’s Ibex, +1.3%
Italy’s FTSE MIB, +0.9%
In other markets as European/London traders look to exit:

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