It is a reflection of the economic times that a flat unemployment figure inspires a sense of relief, but today analysts breathed a sigh of relief as EU unemployment remained stable at 11.5 per cent in September.
So much for the softly-softly approach to monetary policy taken by most central banks at the moment.
Russia has hiked interest rates by 1.5 percentage points to 9.5 per cent, in an effort to stave off further slides in the rouble.
Following the US Fed's decision this week to draw its quantitative easing programme to a close, yesterday the Bank of Japan (BoJ) took the opposite stance, announcing plans to vastly expand its monetary easing programme.
RBS shares opened almost 3.5 per cent higher as it reported a huge jump in profits in the third quarter, raising the possibility that the government’s 80 per cent share in the bank could be sold sooner than expected.
US bank Citi revealed a $600m (£375m) legal bill last night, surprising investors with the costs just two weeks after it published its third quarter financial results.
The costs cut its profits for the quarter from $3.4bn to $2.8bn.
BARCLAYS is set to pay £500m to settle claims its traders tried to manipulate foreign exchange benchmarks.
“These are ongoing discussions with certain regulatory agencies,” said finance director Tushar Morzaria.
DEALS company Groupon yesterday announced that it had beat estimates on its third-quarter earnings, reporting a profit of three cents a share on $757.1m (£473m) in revenue for the period ended 30 September.
CONFIDENCE in the Eurozone edged up slightly in October after four months of not growing.
The Economic Sentiment Indicator published by the European Commission yesterday picked up by 0.8 points to 100.7.
SAMSUNG Electronics, the world’s largest electronics manufacturer by sales, posted disappointing third-quarter results yesterday showing profits down 60.1 per cent to 4.1 trillion won (£2.4bn) in the three months to the end of September.