Rolling coverage of the latest economic and financial newsLatest: UK PMIs show economy struggling in DecemberPMI falls to 48.5, showing sharpest contraction in 41 monthsFactories suffer worst month since 2012Earlier:European stocks hit record highIntroduction: US-China trade deal lifts marketsEnd of political paralysis in UK 1.49pm GMT Here’s our news story on the UK”s higher borrowing forecasts, and the deterioration in the UK economy this month: Related: Boris Johnson’s tax plans face squeeze as public finances worsen 1.20pm GMT America’s S&P 500 and Nasdaq indices are expected to hit fresh record highs when trading begins in just over an hour’s time.Relief that the US and China have agreed a preliminary trade deal (although it’s not signed and sealed yet) is lifting the mood on Wall Street.US Opening Calls:#DOW 28213 +0.27%#SPX 3186 +0.53%#NASDAQ 8539 +0.59%#RUSSELL 1650 +0.76%#FANG 2940 +0.65%#IGOpeningCall @IGSquawk Continue reading…
Via: UK stock market rally accelerates after election – 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…