A look at the day ahead in European and global markets from Anshuman Daga
still expect the European Central Bank to add 50 basis points to its deposit rate next month as it attempts to fight runaway inflation.interest rates to a 10-year high and stuck with its projection that more hikes are needed.
Meanwhile, British consumer spending edged up last month at a rate that greatly lagged inflation, according to surveys on Tuesday that highlighted the pressure on household budgets ahead of Christmas. In the cryptocurrencies world, Britain's Treasury is finalising plans for a package to regulate the industry, including limits on foreign companies selling into the country and restrictions on advertising, the Financial Times reported.investor confidence on Credit Suisse goes on. Chairman Axel Lehmann told media the embattled bank is "definitely stable" and has seen a stabilisation in client funds outflows.
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