us financal watchdogs target two more big names, the exchange genesis, and the crypto lender gemini. plus, pack your bags, travel is back. but where are people going? we ll hear from the boss of hotel booking site trivago. we start here in the uk, where we could get confirmation, in the next hour or so, that the economy is heading into recession. figures for november are expected to show a fall in britain s gdp, gross domestic product or economic output, after growth ofjust 0.5% in october. we already know the uk economy shrank in the three months to september, two quarters in a row of negative growth means a recession. businesses and consumers are feeling the pressure of soaring energy bills and rising interest rates, as one company owner has been telling the bbc. from our point of view, we can feel that yeah there is probably a recession coming on. people are finding it difficult, they are kind of worried about their basic of heating and fuel and all the rest of it in the w
in the right direction, giving america s central bank more wiggle room to slow the pace of its interest rate increases. and for president dryden, the positive data was an opportunity to make the case that his administration s economic policies are working. let s get some market reaction to that from michael hewson, chief market analyst at cmc markets. how are the markets responding to that letter news from america? to that letter news from america? , ,.,, , america? very positively. the ftse 100 yesterday america? very positively. the ftse 100 yesterday closed - america? very positively. the i ftse 100 yesterday closed above 7800 for the first time since 2018 and since the beginning of the year we have seen a gain of 4.6%, similarly the dax has had a positive start to the gear up over 8% and when you take on the fact that we are seeing falling inflation, lower prices, warmer weather and we are seeing some positive trading updates from a series of companies, particularly