By Marc Jones LONDON (Reuters) – Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back. The dollar rose to its highest since January against the yen and the euro sank to a one-year low against the greenback as another drop in euro zone producer prices heightened speculation about what the ECB will do when it meets on Thursday.
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Spreadbetters expected an effectively flat open for Europe, with Britain's FTSE , Germany's DAX and France's CAX forecast to open about 0.1 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.6 percent after managing to carve out gains on the previous day. The mood was also tempered by persistent geopolitical concerns and anemic manufacturing surveys in Asia and Europe showing pockets of weakness in the global economy. Tokyo's Nikkei bucked the trend and rose 1.2 percent, with a planned cabinet reshuffle by Prime Minister Shinzo Abe helping fuel reform hopes.
The number of people struggling with payday loans has risen by 42% in the past year, according to the debt charity StepChange.
BBC News – Business
A plan for an island airport in the Thames Estuary, dubbed “Boris Island”, looks set to be shelved, the BBC understands.
BBC News – Business
Prime Minister David Cameron wants to give police the power to seize passports of Islamist fighters bound for Iraq and Syria. On Friday, Britain raised its threat level to “severe” from “substantial.”
By Sumanta Dey and Wayne Cole BANGALORE/SYDNEY (Reuters) – Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed. Despite euro zone manufacturers barely raising their prices, growth in the region slowed slightly more than initially thought, and activity in China's vast factory sector slackened on weak foreign and domestic demand, stoking speculation that further policy stimulus would be needed. "A concerted slowdown in the China, euro zone and UK manufacturing PMIs as the second quarter gets under way raises alarm bells about global demand conditions," said Lena Komileva, chief economist at G+ Economics in London.
Some earlier research hinted that Ritalin and Adderall can hamper a child’s growth. But a study of adults who took the drugs as kids now suggests any such effect is only temporary.