All the day’s economic and financial news, as new Chinese trade figures beat expectationsBitcoin hit $5,800Chinese imports surge by 18.7%, suggesting strong demandUS surplus hits record high, but trade with North Korea tumblesMSCI World Index hits new peakFTSE 100 hit new closing high last nightComing up: US inflation; IMF meeting 2.39pm BST The stronger US retail sales and hopes for positive company results have pushed US markets higher once more.The Dow Jones Industrial Average is up 28 points or 0.12% while the S&P 500 opened 0.16% higher to reach a new peak while the Nasdaq Composite added 0.3% to a record high.S&P 500 and Nasdaq hit record highs as Wall Street bets on a strong earnings season https://t.co/3Zm1UQScaI pic.twitter.com/S8kI4DVsaY 2.28pm BST Not everyone believes a December US rate rise is a certainty, especially after this latest data. John Dolan, senior dealer at FEXCO Corporate Payments, said: In the space of just a week, all bets on a December rate rise are off and the US is further than ever from solving its inflationary puzzle.While a December rate hike had seemed a strong probability after last Friday’s solid wage growth data, the picture now looks much more finely balanced. Continue reading…
Via: World stocks hits fresh highs, as bitcoin keeps climbing – business live
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