Are retailers heading for a grim Christmas?

It looks as though the credit crunch is beginning to hit the 'real economy'. Retailers JJB Sports and French Connection are already feeling the pain as consumers cut back on spending - and they won't be the last.

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Stock markets rose strongly yesterday, as Federal Reserve chief Ben Bernanke - entirely unsurprisingly - didn't quash hopes of a US interest rate cut happening next week.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.