UK headline inflation eased to 2.5% year-on-year in December, down from 2.6% in November. Core CPI, which excludes volatile components like food and fuel, also slowed, declining from 3.5% to 3.2%.

Market performance has been mixed so far this week, driven by a variety of factors impacting sentiment.

China’s retail sales data for November painted a mixed picture on Monday, with growth coming in below expectations at 3% compared to the same period a year ago.

In the UK, businesses scaled back their hiring plans last month, reflecting the cautious approach adopted by employers ahead of the Labour government’s autumn budget announcement.

In October, Eurozone unemployment remained at a record low of 6.3% for the third consecutive month.

US markets will pause for the Thanksgiving holiday, with stocks and bonds closing tomorrow (Thursday, 28th) and limited trading on Friday.

This morning, the UK’s CPI for October was reported at 2.3%, a sharp increase from 1.7% in September, marking a significant uptick.

After weeks filled with key economic indicators, markets are enjoying a relatively quiet spell.

As the U.S. election nears its conclusion, it’s looking increasingly likely that America could see a return of Donald Trump to presidency.

The wait is finally over. It has been decades since a government’s budget statement has been so anticipated, let alone so pessimistically anticipated given all the doom and gloom that has emanated from numbers 10 & 11 Downing Street and endless debates on individual fiscal measures.