UNITED KINGDOM: Inflation is on course to hit 4% this winter. But there's still very little sign that the rise in energy prices is spilling into other parts of the inflation basket. The Bank of England is set to hike rates in November and…
Revived diplomatic efforts around the Middle East lift market sentiment, but French spreads still widened beyond 150bp. Fiscal concerns and public unrest clearly weigh on French government bonds (OATs), but more is at play