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Europe rallies as UK U-turns settle nerves

by admin
October 17, 2022
in Tech
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  • Europe’s markets gain as UK moves help sterling, gilts
  • Nikkei down 1.2%, S&P 500 edges up after slide
  • Dollar near 149 yen, market wary of intervention
  • China’s yuan falls after Xi congress speech

LONDON, Oct 17 (Reuters) – Europe’s shares, bonds and major currencies rallied on Monday, helped by relief that’s Britain new finance minister had quickly shredded virtually all of the unfunded tax cuts that triggered UK market turmoil this month.

Asia’s…



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