Stock markets steady as confidence returns; more Carillion jobs lost – business live

All the day’s economic and financial news, as Asian markets bounce back from the recent selloffIntroduction: Market recovery continuesLatvian central banker arrestedGreece gets credit upgrade boost 1.52pm GMT Britain’s millennials are losing out dramatically in financial terms compared to previous generations, according to a new report:Britain’s millennial generation, born since 1981, have suffered a bigger reversal in financial fortunes than their counterparts in most other developed countries except Greece, according to a study.The report by the Resolution Foundation paints a gloomy picture for all young adults across the developed world – apart from the Nordic countries. It highlights how incomes are depressed, jobs scarce and home ownership is slumping for the millennial generation compared with the baby boomers that preceded them. Related: UK millennials second worst-hit financially in developed world, says study 1.33pm GMT UK household finances deteriorated at fastest pace for seven months, according to the latest survey by IHS Markit, and around 60% expect the Bank of England to raise interest rates within the next six months:UK households are braced for higher borrowing costs, with 60% expecting a rate hike from the Bank of England over the coming six months. There has been a clear shift in interest rate expectations since the start of 2018. More at https://t.co/BkUKtqU1n9 pic.twitter.com/MVWTTUP8gx Continue reading…
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