Covid-19 concerns and pessimism that a US fiscal stimulus package can be passed before next week’s election drag markets lowerGerman business confidence survey shows first decline since AprilAstraZeneca: Covid-19 vaccine prompts immune response in old and young peopleSterling rises on Brexit optimism 1.52pm GMT While oil prices are still down more than 2%, the oil cartel Opec’s secretary general said today that he did not expect another collapse in oil prices, as seen in the second quarter. Speaking at the virtual India Energy Forum by CERAWeek, Mohammad Barkindo said producers in the Opec+ alliance, which also includes Russia, would continue to “stay the course” in balancing the market. 1.46pm GMT Wall Street has opened lower. The Dow Jones fell nearly 150 points, or 0.5%, to 28,185, while the S&P 500 dropped 24 points, or 0.69%, to 3,441 and the Nasdaq lost more than 100 points to 11,440, a 0.9% drop, at the opening bell. The S&P 500 has extended losses and is now down more than 1%. Continue reading…
Via: Oil prices, stock markets slide as coronavirus cases rise – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…