Traders in Europe were keeping tabs on Westminster a day after Prime Minister Liz Truss’s government was plunged into a fresh crisis and facing collapse following the resignation of home secretary Suella Braverman.
That followed a similarly glum reading out of New Zealand earlier in the week and helped push up government bond yields around the world, indicating higher interest rates. A decision to delay the release of third-quarter growth data this week added to the unease among investors. “As we look at third-quarter results, we think there are going to be more misses than the market is currently expecting,” she told Bloomberg Radio.
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