Markets ride on wave of economic optimism and shrug off growing unrest in the US, as China services activity hits 10-year-highEurozone private sector activity improves in May but still in severe contraction; UK economic decline also easesGold and silver fall as safe-having buying fades 2.56pm BST The US services business activity index from IHS Markit posted 37.5 in May, up from April’s record low of 26.7 and slightly higher than the flash estimate of 36.9. Any reading below 50 indicates contraction. This means the downturn in services eased last month as some businesses returned to work, but was still the second-biggest decline since data collection began in October 2009.We are waiting for the more important ISM survey, out in four minutes. 2.34pm BST The opening bell has rung on Wall Street. Continue reading…
Via: Global stocks hit three-month highs on economic recovery hopes – 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…