British Pound Skyrockets Despite Fears
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Midday Market View
European stock markets traded strongly higher Monday, helped by positive Chinese data, while M&A deals suggested returning confidence to the corporate sector. Data over the weekend showed an increase in profits at China’s industrial companies for the fourth consecutive month in August, suggesting that the economic recovery in the second-largest economy in the world was well entrenched.
Midday Key Point
- Japan plans to begin lifting travel warnings starting from October
- Gold continues to stutter to start the new week