Sat. Nov 28th, 2020

European stocks hit four-year high despite Chinese profits slump – business live

Rolling coverage of the latest economic and financial news, as US president Trump claims a trade deal is very close

11.05am GMT

The UK’s FTSE 100 index is up 10% so far this year, while the EU-wide Stoxx 600 has gained 21.5%.

And a new poll by Reuters shows that many investors expect the rally to run on in 2020, as fears of a global recession ease.

Latest #Reuters #poll on #global #equity #markets – Further to run for global #stocks, but #trade salve needed: Reuters poll https://t.co/BDCcbOKXqS

10.22am GMT

Shares in smaller UK companies are also pushing higher today.

The FSTE 250 index of medium-sized listed firms has jumped another 79 points, or 0.38%, to 20,944 — its highest level since August 2018.

Continue reading…Rolling coverage of the latest economic and financial news, as US president Trump claims a trade deal is very closeLatest: Stoxx 600 index at highest since 2015FTSE 100 hits two-month highChinese factory profits plunge 9.9%Worst monthly slide since 2011 (apart from Jan-Feb)Economists say China is struggling 11.05am GMTThe UK’s FTSE 100 index is up 10% so far this year, while the EU-wide Stoxx 600 has gained 21.5%.And a new poll by Reuters shows that many investors expect the rally to run on in 2020, as fears of a global recession ease.Latest #Reuters #poll on #global #equity #markets – Further to run for global #stocks, but #trade salve needed: Reuters poll https://t.co/BDCcbOKXqS 10.22am GMTShares in smaller UK companies are also pushing higher today.The FSTE 250 index of medium-sized listed firms has jumped another 79 points, or 0.38%, to 20,944 — its highest level since August 2018. Continue reading…

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