Wed. Jan 27th, 2021

UK retail sales stabilise; German confidence rises; Hong Kong shares surge – business live

Rolling coverage of the latest economic and financial news

1.58pm GMT

US farmers must be getting desperate for a trade war breakthrough.

Data released today show that Chinese imports of American soybeans have hit a three-month low — with Brazil taking up some of the slack.

#China’s inbound #soybean shipments from #US slumped to 1.15 mln tons in Oct from 1.73 mln tons in Sept, lowest in 3 months, customs data show.

China bought 3.8 mln tons soybeans from Brazil, the largest supplier, down from 4.79 mln tons in Sept and 6.53 mln tons last Oct.

1.37pm GMT

Optimism of a breakthrough in the US-China trade war is continuing to lift markets.

In London the FTSE 100 is now 70 points higher at 7396, its highest level in nearly a week.

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