Rolling coverage of the latest economic and financial news, on the final trading day before ChristmasLatest: UK stocks close at new peakEurope’s Stoxx 600 hits record highIntroduction: Gold rallies in pre-Christmas tradingAnalyst: Gold could keep rallying in 2020Trade war jitters haven’t gone away 1.48pm GMT Time for a quick recap, as City traders dash home for Christmas (or possibly to the shops for a last-minute gift).The traditional Santa Rally has lifted stocks across Europe today, on the final session before the Christmas holidays. 1.34pm GMT The prospect of a Phase One trade deal between the US and China may have lifted markets this year….but there’s less optimism that a fuller deal will emerge soon.As Vishnu Varathan of Mizuho Bank told clients:“There are few reasons to believe that optimism about a broader or ‘Phase 2’ could emerge in the near term.” Continue reading…
Via: Gold hits six-week high as traders look for Santa Rally – 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…