INVESTMENT FOCUS-Markets cast doubt on UK's inflation goals
LONDON, Oct 28 If financial market gauges are to be believed, Britain will struggle to keep inflation in check for the next half century.
LONDON, April 1 European shares extended gains in morning trade on Thursday, hitting a fresh 18-month high, as upbeat manufacturing data from Europe and China boosted sentiment, with banks among the biggest index gainers.
By 0815 GMT, the pan-European FTSEurofirst 300 .FTEU3 index of top shares rose 0.9 percent to 1,087.77 points, having touched a fresh 18-month high at 1,088.91 earlier.
Banks were among the biggest gainers, with Barclays (BARC.L), HSBC (HSBA.L), Societe Generale (SOGN.PA), BNP Paribas (BNPP.PA) and Deutsche Bank (DBKGn.DE) up 0.5 to 1.5 percent.
A jump in output and new orders helped German manufacturing activity to expand in March at its fastest pace since April 2000, while Switzerland's manufacturing sector hit its highest level in three years and France's factory activity grew at by its fastest pace in 40 months. [ID:nLDE6300E8]
Two business surveys showed China's manufacturing sector moved up a gear last month as orders rose, signalling a brisk first-quarter GDP growth. [ID:nTOE63001J] (Reporting by Harpreet Bhal)
Oct 28 Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a better-than-expected quarterly profit as it continued to cut costs in the wake of lower oil prices.
(Adds quote, other records, updates prices) By William Schomberg LONDON, Oct 28 Yields on British government bonds touched their highest levels since the Brexit vote on Friday as investors discounted the chance of a Bank of England rate hike next week and pondered the risk of a lot more public borrowing in the years ahead. Ten-year gilt yields peaked at 1.312 percent at 1239 GMT, their highest since Britain's June 23 referendum decision to leave the European Union, and