US shares risk ‘sharp correction’ but markets seem complacent, IMF warns

US stock markets which have rallied during the AI boom are at risk of a “sudden, sharp correction” while government bond markets are under mounting pressure, the International Monetary Fund has warned.In its Global Financial Stability Report, published as policymakers gather in Washington for the IMF’s annual meetings, the Fund said that markets appear “complacent”.It highlighted “increasing vulnerabilities in the financial system,” including in stock and bond markets, and among “non-bank financial intermediaries” (NBFIs) or “shadow banks”, which it warned are now closely bound to the banking sector.US stock markets have repeatedly roared to record highs in recent months. The IMF said stocks do not appear as overvalued as they did during the dotcom bubble at the turn of the millennium

World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

The global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%

EasyJet shares jump after report of potential takeover bid

Shares in easyJet jumped after reports that the Swiss-headquartered shipping company MSC was considering a takeover of Europe’s second-largest budget airline.The shares shot up 12% after a report from Corriere Della Sera, an Italian publication, which cited three unnamed sources familiar with the matter, their biggest bump in three years.A number of investors are considering a bid for easyJet, with options ranging from a majority stake to full control, according to the paper.Shares in easyJet pared back some of their earlier gains by midday after easyJet said it did not comment on speculation and MSC denied direct involvement in the talks, though were still trading up by about 4.5%

Tesco steps up UK sales as Asda struggles amid rising inflation

Tesco has grabbed a bigger slice of Britons’ supermarket shopping, as it stepped up sales and market share, while its rival Asda continued to struggle amid rising grocery inflation.The UK’s biggest supermarket increased its market share to 28.3% in the 12 weeks to 5 October, up 0.7 percentage points on a year earlier, while its sales advanced nearly 7%, according to Worldpanel by Numerator.By contrast, Asda’s market share fell 0

Young people are biggest victims of UK’s fragile jobs market

So much about the UK jobs market is influenced by Rachel Reeves. Without overdoing the blame, say many experts, the chancellor’s tough budget last year and the likelihood of a repeat next month hangs over employers and how they recruit and pay staff.The latest official figures show a rising number of young people out of work in the three months to August. More broadly, unemployment rose to a four-year high and the number of vacancies fell. And then there was the stubborn increase in the public sector wage bill, which outpaced the much more modest increase in private sector wages

UK labour market shows signs of stabilising after job losses

Britain’s employment market has shown signs of stabilising after a sharp rise in job losses earlier this year blamed on tax rises introduced by Rachel Reeves.As the chancellor prepares for her 26 November budget, figures from the Office for National Statistics (ONS) showed the unemployment rate rose to 4.8% in the three months to August, up from 4.7% in July. City economists had forecast the rate to remain unchanged