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Shoppers crossing the road in Oxford Street, London

UK consumer mood slides back to near 50-year low - GfK

British consumer sentiment fell for the first time in three months in January, returning near to historic lows as concerns about the economy and the soaring cost of living tightened the squeeze on household finances, research showed on Friday.
A gas burner is pictured on a cooker in a private home in Bordeaux

Europeans dial down the heating, heed calls to save energy

Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and setting the temperature lower, data shows.
While there is concern about the short-term impact of China's shift away from zero-Covid, traders are optimistic that the economy will enjoy a healthy recovery

Stocks mostly drop as traders track China, US rates

Major stock markets mostly dropped Tuesday as warnings that US interest rates would continue to rise and remain elevated for some time offset growing optimism over China's economic reopening after Covid lockdowns.
Illustration shows U.S. Dollar banknotes

Dollar hovers near seven-month lows after jobs data

The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies.
Shoppers hit the Boxing Day sales in London

After Christmas relief, UK retailers face 2023 reality check

Updates next week from Britain's biggest retailers including Tesco, Sainsbury's and Marks & Spencer are expected to confirm that while Christmas was not the disaster that some had feared, consumer demand is set to weaken in 2023, denting profit.
A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index and  Dow Jones Industrial Average outside a brokerage in Tokyo

Stocks stall as firm Fed reins in China rally

Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won't be cutting interest rates any time soon offset China's latest reopening plans.
A worker grinds a metal gate inside a household furniture manufacturing factory in Ahmedabad

India's factories ended 2022 on a strong note

India's manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey showed on Monday.