Key Events Around Globe That Investors Must Know: Nov 11

UK Consumer spending Slows Ahead of Black Friday and Budget

Spending from British consumers cooled last month as they waited to see how Black Friday deals and the government’s budget later this month, widely expected to contain tax hikes, would pan out, surveys showed.

Barclays said spending on its credit and debit cards fell by 0.8% in the year to October as expenditure on essentials contracted sharply. The company sees almost 40% of Britain’s card transactions. A separate survey from the British Retail Consortium trade body showed sales at store chains rose by 1.6% in annual terms last month- the weakest growth since May.

European Business Braces for Greater Impact From US Tariffs in 2026

European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed.

The survey found that trade tensions were likely to pull 2025 gross domestic product down by 0.03 percentage points for the euro zone, the EU and a broader group of European countries. For 2026, the negative impact was likely to be 0.5 to 0.6 percentage points, with the euro zone faring worst.

US Container Imports Fall in October Amid Tariff Driven Caution

US imports of containerized goods fell 7.5% year-over-year in October, as shipments from China plunged 16.3% amid importer caution over President Donald Trump’s evolving tariff policies, supply chain technology provider Descartes said on Monday. US seaports handled a total of 2.3 million twenty-foot equivalent units (TEUs) last month, down 0.1% from September and below the 2.4 million to 2.6 million TEU range that typically signals peak trade activity, marking only the second October in the past decade to record a month-over month decline.

Source – HDFC Securities, Prime Daily, 11 Nov 2025