Wed. Sep 30th, 2020

European stocks hit 21-month high ahead of manufacturing PMIs – business live

Rolling coverage of the latest economic and financial news

7.48am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

“You won’t have a deal on anything until you have a deal on everything….But we are quite optimistic that the remaining issues for the phase one can be closed out.”

European Opening Calls:#FTSE 7322 +0.26%#DAX 13020 +0.46%#CAC 5783 +0.37%#MIB 23034 +0.43%#IBEX 9355 +0.29%#STOXX 3640 +0.44%#SA40 50530 +0.20%

It was another positive week for equities with data on balance more positive, trade talks seemingly going in the right direction, a U.K. election finally called and a Fed rate cut.

The S&P 500 advanced +1.5% (+0.97% Friday and a new record high) with semiconductors leading gains, up +2.5% on the week.

The Spanish, Italian, French, and German manufacturing reports will be posted, and economists are expecting 47.5, 47.5, 50.5, 41.9 and 44 respectively.

Continue reading…Rolling coverage of the latest economic and financial news 7.48am GMTGood morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. “You won’t have a deal on anything until you have a deal on everything….But we are quite optimistic that the remaining issues for the phase one can be closed out.”European Opening Calls:#FTSE 7322 +0.26%#DAX 13020 +0.46%#CAC 5783 +0.37%#MIB 23034 +0.43%#IBEX 9355 +0.29%#STOXX 3640 +0.44%#SA40 50530 +0.20%It was another positive week for equities with data on balance more positive, trade talks seemingly going in the right direction, a U.K. election finally called and a Fed rate cut.The S&P 500 advanced +1.5% (+0.97% Friday and a new record high) with semiconductors leading gains, up +2.5% on the week. The Spanish, Italian, French, and German manufacturing reports will be posted, and economists are expecting 47.5, 47.5, 50.5, 41.9 and 44 respectively. Continue reading…

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