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FTSE 100’s Broad Selloff: 90 Stocks Down, Only Oil Giants Shine

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‼️ 🇬🇧 FTSE 100 is on track for its worst weekly drop since April. The MSCI All Country World Index is off by 1.5% for the week. The biggest drag has been from heavyweight names like HSBC, Unilever and Rolls-Royce. But for the week, 90 stocks are down, so it’s broad weakness. Unsurprisingly, the only names to have fared well are Shell and BP, boosted by the jump in oil prices.

Japan’s Input-Cost Squeeze Keeps Inflation Pressure Alive

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‼️ 💴 🇯🇵 Japan’s producer-price inflation remained elevated in August, with input prices rising 7.6% year on year—above the 7.4% consensus estimate—though marginally slower than July’s revised 7.7%, the strongest pace since February 2023. Prices fell 0.2% month on month after a revised 0.4% increase in July, but oil and coal products, chemicals, IT and communications equipment, and non-ferrous metals continued to drive annual cost pressures. The data underscore the challenge for Japanese companies as higher energy, freight, packaging and labour costs sustain pressure to raise prices for consumers.