European Stocks Climb, Led by Oil and Gas Shares

The video covers various economic updates, starting with the European market's performance, driven by oil and gas companies, and the collaboration between Russia and Saudi Arabia to stabilize the oil market. It then discusses M&S's decision to cut 525 jobs to reduce costs amid declining clothing sales. The UK economic data shows resilience with a significant rise in the PMI, indicating a potential avoidance of recession. Lastly, the video highlights Sterling's strong performance against major currencies, attributed to positive economic data.

What was the main driver for the European benchmarks reaching their highest level since January 6th?

• Technology companies

• Oil and gas companies

• Financial institutions

• Retail companies

What is the primary reason for M&S's job cuts at its London headquarters?

• Opening new stores

• Expansion into new markets

• Pressure on the new chief executive

• Increase in clothing sales

How much did the services activity index jump in August according to IHS?

• From 48.0 to 51.0

• From 47.4 to 52.9

• From 50.0 to 52.9

• From 45.0 to 50.0

What was the post-Brexit low of Sterling against the dollar?

• 1.2700

• 1.2500

• 1.3000

• 1.2880

What is the median forecast for Sterling's value against the dollar by the end of the year?

• 1.20

• 1.27

• 1.30

• 1.33