Week Ending 28th November 2020 U.S. stocks rose in to a record in thin post-holiday volume as investors assessed valuations with pandemic still raging in parts of Europe and the U.S. Oil retreated amid rising tensions among OPEC+ members. The S&P 500 closed at an all-time high after rallying 11% in November. Trading volume was […]

Strained relations have already seen Beijing halt or impose curbs on other imports including beef, barley, sugar and timber. China has slapped taxes of up to 212% on Australian wine amid continued wrangling with the Canberra government, including its backing for an inquiry into the source of the coronavirus pandemic. Beijing argued the punitive anti-dumping […]

The legal text of a trade agreement is said to be “finalised” in almost all areas, “covering almost all subjects”. Confidential notes seen by Sky News reveal European Union officials think a Brexit deal is 95% agreed – but show the extent of anxiety over the potential impact if negotiations break down. The notes come […]

The governor of the Bank of England (BoE) has said the UK economy is facing a “historically unprecedented” hit this year, hours after it ramped up virus crisis support by £150bn. Andrew Bailey spoke about twin threats to growth from renewed coronavirus lockdowns and Brexit disruption after the latest meeting of the Bank’s Monetary Policy […]

The US economy grew at an annual rate of 33.1% in the third quarter, by far the largest quarterly gain since records began in 1947. It follows a historic 31.4% decline during the second quarter, as the US was among many world economies hit by the coronavirus pandemic. The US government reports quarterly GDP changes […]

Aston Martin Lagonda says Mercedes is to own up to fifth of its shares under plans to turn around its fortunes. The maker of James Bond’s favourite car said it was to expand the investment partnership between the pair through greater access to the German company’s hybrid and electric technology in exchange for a shareholding […]

The UK and Japan have signed a free trade agreement at a ceremony in Tokyo, hours before negotiations on a post-Brexit deal with the European Union are due to resume. The UK-Japan Comprehensive Economic Partnership Agreement (CEPA), which was agreed in principle last month, marks Britain’s first deal with a major economy since Brexit. The […]

Shares in Tesla have risen after the electric car maker reported its fifth consecutive quarterly profit. While markets struggled Wednesday Tesla share were up at close and after market close they were up a further 3%. The California-headquartered company has overcome disruptions caused by the COVID-19 pandemic to post a 39.2% increase in third-quarter revenues […]

China’s economic recovery accelerated in the third quarter as consumer spending picked up and factories rushed to meet global demand for medical equipment such as face masks, according to official figures. The world’s second-largest economy suffered its worst quarterly fall in output since the 1960s between January and March as it became the first to […]

Week Ending Friday 16th October 2020 Stocks were mixed as giant technology companies dropped amid Friday’s expiration of equity options. Earlier gains were driven by better-than estimated economic data. The dollar fell. The S&P 500 closed little changed, while still notching its longest weekly advance since August, and the Nasdaq 100 dropped. Amazon.com Inc. sank […]