Consumer Confidence Hits Record Low And Retail Sales Show Discount Trend
UK consumer confidence has plummeted to the lowest level since comparable records began, as the soaring cost of living casts serious doubt over people’s personal finances
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UK consumer confidence has plummeted to the lowest level since comparable records began, as the soaring cost of living casts serious doubt over people’s personal finances
Across at the tech-heavy Nasdaq, which has been in its longest bear market since one that ended back in 2008, came within a whisper of ending the trading day in bull territory too.
The downward pressure on the oil price is coming solely from a weakening of demand expectations, as markets brace for a potentially sharp economic contraction.
There are jitters flowing through the oil market today, ahead of an OPEC+ meeting which is expected to bear little fruit when it comes to changing current
While the general tone is so far positive, this has fed across to the FTSE, with the FTSE100 holding broadly steady following yesterday’s modest gains.