Investors in festive spirit as European stocks jump thanks to retail boost
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A strong performance for US sportswear chain Nike gave the retail sector a boost overseas, analysts said, with investors hopeful that demand for athleisure clothing is more resilient than expected. Perhaps, with so little on the agenda before Christmas Day, markets finally have scope for a decent rally to round off such a difficult year Chris Beauchamp, chief market analyst at IG The positive mood comes despite new official figures showing that UK Government borrowing surged to the highest monthly figure for November since records began in 1993. Chris Beauchamp, chief market analyst at online trading platform IG, said: “A marginally more festive atmosphere prevails across stock markets this afternoon, with Christmas now very much within sight for most investors. Elsewhere, shares in specialist distributor Bunzl also slipped despite the FTSE 100-listed firm telling shareholders it is set to see its total revenues rise by around 17% in 2022.