AgenciesBy 0720 GMT, the pan-European STOXX 600 index was down 0.1%, with the real estate sector, often considered a bond-proxy, slipping nearly 1% in early trade.
Bond yields across Europe jumped, with UK gilts spiking after data showed basic wages in Britain surged to hit a new record growth rate.
In a bright spot, British's Marks & Spencer jumped 8.4%, rising to the top of the STOXX 600 after the retailer raised its profit outlook.
The broader retail index gained 0.7%
Pandora rose 3.5% after the Danish jewellery maker raised its full-year revenue outlook as it reported second-quarter sales above analyst forecasts.
Tuesday, 15 Aug, 2023- Front Page
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Sebi Seeks 15 More Days From SC for Adani ReportThe Securities and Exchange Board of India (Sebi) on Monday asked the Supreme Court for another 15 days to complete its investigations and submit a status report on the allegations made by US short-seller Hindenburg Research against the Adani Group.
Veggies on Boil, July Retail Inflation at 15-mth High of 7.4%Retail inflation shot up more than expected to a 15-month high of 7.4% in July as soaring vegetables fired consumer food inflation to 11.5%, the highest since January 2020.
Dunzo Holds Talks with Debt Investors to Rejig Credit TermsFinancially stressed quick commerce startup Dunzo has held talks with its debt investors to restructure the terms of the credit so that the company can avail some of its cash lying in the bank to clear pending dues to vendors and staff salary arrears stretching to two months, sources aware of the discussions said.
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