America’s economy grew faster than thought in July-September, despite the trade war with China
- Latest: US growth revised up to 2.1% (annualised)
- John Deere profit warning
- Stoxx 600 index at highest since 2015
- FTSE 100 hits two-month high
- Chinese factory profits plunge 9.9%
- Worst monthly slide since 2011 (apart from Jan-Feb)
The latest US jobless data is also stronger than expected.
Just 213,000 Americans signed on for unemployment benefit last week, down from 228,000 in the previous seven days.
In a further boost, US durable goods orders jumped by 0.6% in October.
That’s much better than the 0.5% contraction which economists expected, following a 1.4% decline in September.