Today, it’s the BoE’s turn to announce decisions to counter rising inflation. But it is in tricky situation, with Omicron soaring in the country, while inflation surpasses 5%. A rate hike before Christmas seems unlikely, but the UK's central bank is widely expected to end it asset purchase scheme.

The FTSE 100 is up 1% this morning, trailing a strong finish on Wall Street. United Talent Agency announced the purchase of MediaLink, a marketing and media consulting firm, for $125 million.

Meanwhile, Aviva said it will increase its share buyback program to 1.0 billion pounds.

 

Things to read today:

Fed’s ‘pivot is complete’ in the face of inflationary pressures (Financial Times)

The Chinese Economy’s Tough Transition (WSJ)