National output is expected to fall 1.2% in June, partly due to the Platinum Jubilee celebrations. For the full quarter, this is expected to lead to a 0.2% decline. Elsewhere, the FTSE 100 is on a flat day’s course after falling yesterday despite broader optimism for easing inflation. 5 things to start your day
- British EDF customers pay twice as much as French customers for energy.
- Hong Kong suffers record population drop as people flee zero-Covid curbs The city lost 113,200 residents in the year to June
- Breakup of HSBC will unlock up to £29bn payday, says Chinese shareholder Insurer accuses lender of ‘excessive’ challenge of spinning off its Asian business
- The sale of Heathrow revives hopes for a third runway under the new prime minister, but whoever gets into Number 10 still faces environmental hurdles and a sector in flux
- Mark Zuckerberg called ‘creepy’ by his own Facebook chatbot Social media company ‘exploits people for money’, AI program warns What happened in the night Asian markets were mostly lower on Friday, paring back a bit from the previous day’s rally, as investors came to terms with the possibility that central banks will continue to raise interest rates to tackle waning inflation. Asia struggled to maintain momentum, with Hong Kong, Shanghai, Sydney, Seoul, Singapore, Manila, Jakarta and Wellington slightly lower. Tokyo, however, jumped more than 2 percent and investors there returned from a one-day break to play catch-up with Thursday’s rally. Taipei also went up. It’s coming today
Corporate Company: 888 Holdings, Flutter Entertainment, TBC Bank Group (Interim) Economics: GDP (UK), industrial production (UK, EU), manufacturing output (UK), Michigan consumer sentiment index (US)
