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London-based Institute for Fiscal Studies said ahead of the budget later this month that Chancellor John Healey must raise about £35bn to deliver Labour’s ambitious spending plans. The IFS added Healey may have more fiscal headroom than expected, but

2026-10-12

London-based Institute for Fiscal Studies said ahead of the budget later this month that Chancellor John Healey must raise about £35bn to deliver Labour’s ambitious spending plans. The IFS added Healey may have more fiscal headroom than expected, but the plans’ credibility is at risk; unless the government interventions, inf will squeeze public spending and leave departments underfunded. IFS director Helen Miller said: If you want to increase spending and do not want to cut public services, you must consider tax rises.

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2026-10-12

China A-share power-grid equipment sector opened higher; Jinguan Electric hit a 20% daily limit, with Changcheng Electric, Meishuo Technology, Huashengchang, Kelu Electronics and Sanyou Lianzhong also advancing. NDRC director Zheng Zhaojie chaired a

China A-share power-grid equipment sector opened higher; Jinguan Electric hit a 20% daily limit, with Changcheng Electric, Meishuo Technology, Huashengchang, Kelu Electronics and Sanyou Lianzhong also advancing. NDRC director Zheng Zhaojie chaired a private-enterprise forum on the 10th and said the commission will step up countercyclical measures and push for early starts on major projects identified in the 15th Five-Year Plan and the implementation plans for six-network construction to unlock domestic demand.
2026-10-12

Asian Stocks 1. The Shanghai Composite Index closed up 1.89 points, or 0.05%, at 3813.79 on Friday, October 9th. 2. The Shenzhen Component Index closed up 20.96 points, or 0.17%, at 12641.86 on Friday, October 9th. 3. The CSI 300 Index closed up 6

Asian Stocks 1. The Shanghai Composite Index closed up 1.89 points, or 0.05%, at 3813.79 on Friday, October 9th. 2. The Shenzhen Component Index closed up 20.96 points, or 0.17%, at 12641.86 on Friday, October 9th. 3. The CSI 300 Index closed up 6.98 points, or 0.16%, at 4317.25 on Friday, October 9th. 4. The ChiNext Index closed up 6.68 points, or 0.22%, at 3043.33 on Friday, October 9th. 5. The STAR Market 50 Index closed up 0.94 points, or 0.06%, at 1457.27 on Friday, October 9th. 6. The Hong Kong Hang Seng Index closed up 425.56 points, or 1.79%, at 24,211.35 on Friday, October 9th. The Hong Kong Hang Seng Tech Index closed up 124.46 points, or 3.06%, at 4,197.84 on Friday, October 9th. European Stocks 1. Germany's DAX 30 index closed up 280.85 points, or 1.13%, at 25087.82 points on Friday, October 9th; 2. The UK's FTSE 100 index closed up 107.99 points, or 1.03%, at 10549.59 points on Friday, October 9th; 3. France's CAC 40 index closed up 73.64 points, or 0.95%, at 7803.33 points on Friday, October 9th; 4. The Euro Stoxx 50 index closed up 47.42 points, or 0.77%, at 6174.15 points on Friday, October 9th; 5. Spain's IBEX 35 index closed up 125.20 points, or 0.66%, at 19054.10 points on Friday, October 9th; 6. The Italian FTSE MIB index closed up 441.62 points, or 0.90%, at 49,739.50 on Friday, October 9. US Stocks: 1. The Dow Jones Industrial Average closed up 423.31 points, or 0.83%, at 51,654.95 on Friday, October 9; 2. The S&P 500 index closed up 46.15 points, or 0.59%, at 7,811.51 on Friday, October 9; 3. The Nasdaq Composite index closed up 172.83 points, or 0.64%, at 27,366.17 on Friday, October 9.
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