Wed. Sep 30th, 2020

US stock markets hit new record highs amid trade deal optimism – business live

Rolling coverage of the latest economic and financial news

Earlier:

2.55pm GMT

A fun graph: the Dow Jones industrial average from its inception to its latest record high.

Be slightly wary though: the nature of the index means that the Great Depression (around the 1929 mark) registers as barely a blip on this scale – when in fact it was a traumatic period for the world.

Dow Jones Industrial Average rises to an ALL-TIME high: pic.twitter.com/3DDYrut113

2.41pm GMT

US President Donald Trump has (perhaps predictably) welcomed the record highs on stock markets.

Perhaps slightly more surprisingly, he tweeted it before markets opened – presumably gambling that futures markets were accurate.

Stock Market hits RECORD HIGH. Spend your money well!

Continue reading…Rolling coverage of the latest economic and financial newsLatest: Trade optimism lifts marketsUS optimistic of partial deal soonUK construction slump continuesCivil engineering shrinks at fastest pace since 2009Gambling firms shares slide as MPs demand crackdownEarlier:Germany’s manufacturing in recessionMothercare UK faces administration 2.55pm GMTA fun graph: the Dow Jones industrial average from its inception to its latest record high.Be slightly wary though: the nature of the index means that the Great Depression (around the 1929 mark) registers as barely a blip on this scale – when in fact it was a traumatic period for the world.Dow Jones Industrial Average rises to an ALL-TIME high: pic.twitter.com/3DDYrut113 2.41pm GMTUS President Donald Trump has (perhaps predictably) welcomed the record highs on stock markets.Perhaps slightly more surprisingly, he tweeted it before markets opened – presumably gambling that futures markets were accurate. Stock Market hits RECORD HIGH. Spend your money well! Continue reading…

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