Fri. Sep 25th, 2020

Gold hits six-week high as traders look for Santa Rally – business live

Rolling coverage of the latest economic and financial news, on the final trading day before Christmas

1.48pm GMT

Time for a quick recap, as City traders dash home for Christmas (or possibly to the shops for a last-minute gift).

The traditional Santa Rally has lifted stocks across Europe today, on the final session before the Christmas holidays.

1.34pm GMT

The prospect of a Phase One trade deal between the US and China may have lifted markets this year….but there’s less optimism that a fuller deal will emerge soon.

As Vishnu Varathan of Mizuho Bank told clients:

“There are few reasons to believe that optimism about a broader or ‘Phase 2’ could emerge in the near term.”

Continue reading…Rolling coverage of the latest economic and financial news, on the final trading day before ChristmasLatest: UK stocks close at new peakEurope’s Stoxx 600 hits record highIntroduction: Gold rallies in pre-Christmas tradingAnalyst: Gold could keep rallying in 2020Trade war jitters haven’t gone away 1.48pm GMTTime for a quick recap, as City traders dash home for Christmas (or possibly to the shops for a last-minute gift).The traditional Santa Rally has lifted stocks across Europe today, on the final session before the Christmas holidays. 1.34pm GMTThe prospect of a Phase One trade deal between the US and China may have lifted markets this year….but there’s less optimism that a fuller deal will emerge soon.As Vishnu Varathan of Mizuho Bank told clients:“There are few reasons to believe that optimism about a broader or ‘Phase 2’ could emerge in the near term.” Continue reading…

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