Inflation is rising in the eurozone. Despite the efforts of the ECB, which have included negative interest rates and an asset purchase program of more than €1.2 trillion, the rise in inflation is being driven by the oil price. Energy prices are still proving a drag on inflation—excluding energy, the inflation rate was 0.8% in September Source The Wall Street Journal
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George Soros, the billionaire who earned fame by betting against the pound in 1992, said Britain was approaching a tipping point that would see the economy slow to such an extent that Brexit might even be reversed. Source Reuters
Germany’s Thyssenkrupp (TKAG.DE) said it planned cost cuts worth at least 100 million euros ($112 million) to meet financial targets at its troubled unit that engineers industrial plants and builds ships, despite early signs of improvement. Source Reuters
The migration policies of the political and other elites of Europe suggest that they are suicidal. The interesting thing to watch in the years ahead will be whether the publics join them in that pact. I wouldn’t bet on it. Source The Wall Street Journal