Rolling coverage of the latest economic and financial newsLatest: ADP payroll report beats forecasts with 745k new jobsAndy Haldane criticises ‘Chicken Licken’ pessimismHaldane: No need for negative interest ratesHaldane: Press too gloomy about worst recessionIntroduction: Shell to cut 10% of workforceUK house prices at new peak 3.00pm BST Growth in the Chicago region has also accelerated faster than expected, according to the latest survey of purchasing managers in the region:Chicago PMI Surges in September https://t.co/VYUfWovVMY pic.twitter.com/n8e8nyJ1Sa 2.41pm BST Wall Street has confounded expectations of a post-debate selloff.Stocks have risen as the start of trading in New York, following the stronger-than-expected ADP payroll report. Related: Trump plunges presidential debate into chaos as he repeatedly talks over Biden “With less than five-weeks left until the election, we are seeing a president that increasingly speaks of voter fraud which appears to show a candidate laying the groundwork for defeat.“From a market perspective, while Biden is likely to be more than willing to spend freely in a bid to reduce inequalities, there is also a worry that he will be significantly less business and investor friendly. Continue reading…
Via: Bank of England's Haldane blasts 'Chicken Licken' pessimism; US payroll growth swells – 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…