Stocks lower as concerns over Evergrande increase

Stocks lower as concerns over Evergrande increase

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Investors are in the dark with little news regarding the current situation of Chinese property developer Evergrande. The firm faces a potential default after it missed a deadline to make an interest payment to foreign bond holders. There has been no announcement and Evergrande enters a 30-day grace period in which the payment must be made or the company will be in default.

On Thursday the Bank of England left policy unchanged but indicated that a rate rise could be on the way with energy prices spiking and inflation rising.


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