European Shares Rebound, but Set to End Volatile September With Losses

European stocks continued their rebound on Thursday from a bruising sell-off earlier this week, but were set for monthly declines on worries about a slowing global economy and higher inflation. The pan-regional STOXX 600 index rose 0.6 percent, led by technology stocks, which were at the centre of the market rout, while miners rose from sharp declines fuelled by worries about China’s economy. Defensive sectors such as real estate, healthcare and food & beverages also rose. The European stocks benchmark is on track to end September with losses of 2.8 percent after a seven-month winning streak, as a surge in government bond yields drove investors out of high-growth sectors such as technology into economically sensitive banking and energy stocks. “Recent market moves suggest that a rotation is under way in favour of sectors and assets that benefit from a consumption shift from goods towards services,” BCA analysts said in a …

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UK Government Hails ‘Huge Success’ as COVID-19 Furlough Scheme Ends

Thu Sep 30 , 2021
The British government has hailed its COVID-19 job retention scheme as a “huge success” as it is due to close at the end of Thursday. The £70 billion ($94 billion) Coronavirus Job Retention Scheme, commonly known as furlough, has supported 11.6 million UK workers over the past 18 months. On […]
UK Government Hails ‘Huge Success’ as COVID-19 Furlough Scheme Ends

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