Closing post
Time to wrap up, here’s a quick recap:
The oil price has fallen to a two-week low, following reports that Saudi Arabia is preparing to return to higher oil output, even it that hits the price of crude.
Brent crude is trading around $71.38 per barrel.
Oil majors have also been hit by the move, with BT down 4% and Shell losing 4.6%.
The head of the European Central Bank, Christine Lagarde, has spoken about the threats and opportunities created by technology.
China is expected to launch a blizzard of new debt sales to fund a stimulus package to support economic growth.
UK consumer confidence has dropped, as fears over next month’s budget weigh on households.
The European Bank for Reconstruction and Development (EBRD) has cut its growth forecasts, and warned that Europe is struggling to cope with much higher energy prices than the US and a lack of investment.
Elon Musk has reportedly not been invited to the UK’s upcoming investment summit, following comments made during last month’s riots.
The Horizon IT scandal inquiry has heard that the Post Office is ‘rudderless’
Oil at two-week low
Oil is continuing to slide, following today’s reports that Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude , and increase output instead.
Brent crude is now down over 3% at $71.22 per barrel – a two-week low.
