European markets mixed and US up ahead key week of earnings

From the Yahoo Finance UK desk today we have this:

Over 11 million people in Britain don’t have basic ‘rainy day’ savings of at least £1,000, as households with low savings are more likely to rely on credit cards, overdrafts, or borrowed money to meet daily expenses.

A report by the Resolution Foundation said that one-in-three working age families (11.2 million) don’t have basic level ‘rainy day’ savings of at least £1,000. This increases to almost half of low-income families as the cost of living crisis makes it even harder to save money for emergencies.

Some 12% revealed they had less than £100 and 5% did not have any savings at all.

Families with low savings were more than twice as likely to have used credit cards, overdrafts, or borrowed money from formal lenders in order to meet daily expenses compared to those with more than £1,000 of savings.

Read more: One-in-three families in Britain have less than £1,000 in savings