Sun. Sep 27th, 2020

UK stock market rally accelerates after election – business live

Rolling coverage of the latest economic and financial news

Earlier:

1.49pm GMT

Here’s our news story on the UK”s higher borrowing forecasts, and the deterioration in the UK economy this month:

Related: Boris Johnson’s tax plans face squeeze as public finances worsen

1.20pm GMT

America’s S&P 500 and Nasdaq indices are expected to hit fresh record highs when trading begins in just over an hour’s time.

Relief that the US and China have agreed a preliminary trade deal (although it’s not signed and sealed yet) is lifting the mood on Wall Street.

US Opening Calls:#DOW 28213 +0.27%#SPX 3186 +0.53%#NASDAQ 8539 +0.59%#RUSSELL 1650 +0.76%#FANG 2940 +0.65%#IGOpeningCall @IGSquawk

Continue reading…Rolling coverage of the latest economic and financial newsLatest: UK PMIs show economy struggling in DecemberPMI falls to 48.5, showing sharpest contraction in 41 monthsFactories suffer worst month since 2012Earlier:European stocks hit record highIntroduction: US-China trade deal lifts marketsEnd of political paralysis in UK 1.49pm GMTHere’s our news story on the UK”s higher borrowing forecasts, and the deterioration in the UK economy this month: Related: Boris Johnson’s tax plans face squeeze as public finances worsen 1.20pm GMTAmerica’s S&P 500 and Nasdaq indices are expected to hit fresh record highs when trading begins in just over an hour’s time.Relief that the US and China have agreed a preliminary trade deal (although it’s not signed and sealed yet) is lifting the mood on Wall Street.US Opening Calls:#DOW 28213 +0.27%#SPX 3186 +0.53%#NASDAQ 8539 +0.59%#RUSSELL 1650 +0.76%#FANG 2940 +0.65%#IGOpeningCall @IGSquawk Continue reading…

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