Fri. Nov 27th, 2020

Gold hits six-week high as traders look for Santa Rally – business live

Rolling coverage of the latest economic and financial news, on the final trading day before Christmas

10.28am GMT

China’s stock market had a good day, with the CSI 300 index closing 0.7% higher.

Stocks rallied after vice-premier Li Keqiang suggested China’s key interest rates could be cut to stimulate the economy. Beijing’s plan to cut tariffs on 850 products next month also cheered traders.

9.51am GMT

Like King Wenceslas trudging through the snow, the FTSE 250 index is marching slowly higher today.

The index of medium-size listed companies is up 30 points, or 0.13% at 21,872 today, close to last week’s record high.

Continue reading…Rolling coverage of the latest economic and financial news, on the final trading day before ChristmasIntroduction: Gold rallies in pre-Christmas tradingAnalyst: Gold could keep rallying in 2020Trade war jitters haven’t gone awayQuiet start to trading in London 10.28am GMTChina’s stock market had a good day, with the CSI 300 index closing 0.7% higher.Stocks rallied after vice-premier Li Keqiang suggested China’s key interest rates could be cut to stimulate the economy. Beijing’s plan to cut tariffs on 850 products next month also cheered traders. 9.51am GMTLike King Wenceslas trudging through the snow, the FTSE 250 index is marching slowly higher today.The index of medium-size listed companies is up 30 points, or 0.13% at 21,872 today, close to last week’s record high. Continue reading…