Investors Digest China Slowdown And Soaring Wheat Prices, Consumer Uncertainty Hits Greggs And Ryanair While Vodafone Leaps Higher

“Jumping wheat prices and data indicating a fresh slowdown in China’s economy are the unsettling indicators being absorbed by investors at the start of the week. The FTSE 100 opened 0.5% lower, before regaining ground as a picture emerged of a big drop off in demand in China. Retail sales have plunged in the world’s second largest economy as a result of the drastic lockdowns brought in to try and curb the spread of Covid. The monthly sales drop of 11.1% was a dramatic fall and industrial output also slid by 2.9% showing the toll the zero-covid policy has had on the economy. Restrictions in Sha…

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