TOKYO (Reuters) - The Bank of Japan surprised global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
Eurozone inflation edged up in October, providing some relief for the European Central Bank as it fights to prevent the single currency bloc from sliding into a Japanese-style deflationary trap.
One hundred years after the outbreak of World War I, U.K. Chancellor of the Exchequer George Osborne announced plans to repay some of the debt issued to help finance the conflict.
Wholesale gas prices in the UK today hit a record low for supplies to be delivered in November and December, adding to pressure on energy firms to cut household bills.
Consumer confidence in the UK jumped three points for the third successive quarter to hit its highest level for seven years, according to the latest figures from Nielsen.