Wed. Oct 21st, 2020

Trump ‘to delay EU car tariffs’; UK unemployment data looms – business live

Rolling coverage of the latest economic and financial news, including the latest UK jobs report

8.47am GMT

Broadcaster ITV is the best-performing FTSE 100 share, up almost 3%, after it reported a rise in advertising revenue in the last quarter.

8.39am GMT

This morning’s trade war optimism is helping to lift European markets.

Most of the main indices are higher, led by Germany’s DAX (+0.4%). Car makers, industrial groups and tech firms are all rallying.

All eyes will on Donald Trump after markets close in Europe as the president is due to deliver a speech at the New York Economic Club later, expected at 17:00 GMT.

This poses all kinds of risks – on everything from China and trade to the Fed and impeachment. Markets will be on tenterhooks. The president’s speeches are akin to throwing a dart blindfolded.

Continue reading…Rolling coverage of the latest economic and financial news, including the latest UK jobs reportIntroduction: Will Trump delay escalating trade war?President due to speak at 5pm UK timeComing up: UK unemployment data 8.47am GMTBroadcaster ITV is the best-performing FTSE 100 share, up almost 3%, after it reported a rise in advertising revenue in the last quarter. 8.39am GMTThis morning’s trade war optimism is helping to lift European markets. Most of the main indices are higher, led by Germany’s DAX (+0.4%). Car makers, industrial groups and tech firms are all rallying.All eyes will on Donald Trump after markets close in Europe as the president is due to deliver a speech at the New York Economic Club later, expected at 17:00 GMT.This poses all kinds of risks – on everything from China and trade to the Fed and impeachment. Markets will be on tenterhooks. The president’s speeches are akin to throwing a dart blindfolded. Continue reading…

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