Discontent is growing in England on the government's economic policy, amid a shortage of lorry drivers, cuts to universal credit and rising food and oil prices... Boris Johnson says the UK is in a "period of adjustment" after Brexit and Covid. All this is weighing on the price of Sterling, along with the dollar strength.

Shares of property giant China Evergrande were suspended after it missed another interest payment. London's FTSE 100 index inched up 0.1% this morning, with banks being the worst performers.

Supermarket Morrisons fell 3.7% after it was revealed that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) won the auction to buy the company for 7 billion pounds.

Petrofac, which faces a $240 million fine from a London court, jumped 9.2% after saying it was looking at refinancing options.

 

Things to read:

European gas crunch pushes up price of carbon credits (Financial Times)

Markets Await Outcome for Opaque Bond Tied to Evergrande (Bloomberg)

Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful (The Guardian)