Potential suitors are vying to purchase The Daily and Sunday Telegraph, with the auction deadline set for the end of Friday. The US owner of the New York Sun and Sir Paul Marshall, who recently acquired The Spectator, are considered the frontrunners. Marshall is leading a consortium backed by Ken Griffin, while Dovid Efune, the owner of the digital assets of The New York Sun, has emerged as a serious contender.
Inflation in France and Spain has slowed, with falling energy and fuel prices contributing to the decline. Eurozone government bond yields fell after the release of the data, as markets anticipate a potential interest rate cut by the European Central Bank. Oil prices have also seen fluctuations, with Brent crude prices sliding and then edging up.
Global markets are on track to end September positively, with strong gains in Asian and US markets. Chinese stocks are set for their best week since 2008 after Beijing implemented stimulus measures to support the economy. In Japan, Shigeru Ishiba won the leadership contest for the ruling Liberal Democratic Party, boosting market confidence.
Overall, the economic landscape is dynamic, with potential shifts in interest rates, oil prices, and market performances. Key economic data releases are expected throughout the day, including France inflation, Germany unemployment, Eurozone consumer sentiment, and US spending and consumer sentiment figures. Markets continue to respond to global events and economic indicators.
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