FTSE 100 Live: China reveals Covid hit to economy, shares under pressure


Source: yahoo.com yahoo.com

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(Evening Standard) The economic impact of China’s zero-Covid policy has been revealed after the country’s industrial output and consumer spending figures hit their worst levels since the pandemic began. Oil prices fell as Beijing reported an 11.1% drop in retail sales and an unexpected 2.9% decline in factory production, adding to worries about the global economic outlook. The updates follow Friday’s rebound for stock markets as Wall Street pared back losses during a sixth consecutive week of declines. Ryanair posts loss, sees fragile recovery 08:19 , Graeme Evans Low-cost airline Ryanair today posted an annual loss of 355 million euros...