In UK company news the Prognosticator looks at SHOE Shoe Zone plc. Like CardFactory, Wetherspoons, and Greggs in their verticals, ShoeZone is a business benefitting from a strategy of scale economies shared.

In Macro News we look at diplomatic developments in Israel prior to Biden's visit, the US' diplomatic efforts in Venezuela which seem to be stabilising crude prices and China's new measures to cap interest rates.

For the accompanying summary read the day's Market Prognosis.