UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveysGold hits new record high of $1,984.66 an ounceHSBC steps up 35,000 job cuts amid Covid-19 profit plunge TikTok reportedly relocating to London as Microsoft confirms acquisition plans 3.02pm BST The US manufacturing PMI from the Institute for Supply Management is out: it’s come in at 54.2 in July versus June’s 52.6 reading, indicating faster expansion at America’s factories. It’s better than expected and should bring more cheer to stock markets, which are already rallying. The new orders component jumped to 61.5 from 56.4 in June. 2.53pm BST The Nasdaq has just hit a new record high! it rose about 1% to 10,863. It’s been boosted by bumper earnings from the big technology firms in recent days. Continue reading…
Via: UK, eurozone factories bounce back; US-China tensions rise over TikTok – business live
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