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-CityMarkets

Trade tensions and Iran sanctions

The US is changing tactics in its battle against Iran, and its fight to get oil flowing more freely from the region.

-CityJDSports

JD Sports says cost-of-living squeeze hitting sales despite football kit boost

JD Sports is offering another glimpse of the darkening clouds gathering over the US economy, with American shoppers looking considerably more cautious. The sneaker is fast becoming a canary in the coal mine for confidence. Like-for-like sales fell by 6.8 per cent in North America, which accounts for 35 per cent of JD sales, with weaker demand for the latest must-have footwear. More consumers are resisting the lure of hyped brands, which is not surprising when the jobs market is weakening and inflation is still such a concern.