All the day’s economic and financial news, as news that the US Senate has passed Donald Trump’s tax reform bill lifts shares and the US dollarLatest: Housebuilding boosts UK constructionSenate approved sweeping tax changes over the weekendPlan cuts US corporation tax rate from 35% to 20%Trump claims people will be “very, very happy”Critics says it’s a giveaway for the richWall Street to hit record highsFTSE 100 jumps 60 points as Europe rallies 2.01pm GMT Futures pointing to a big day for stocks as the Dow soars more than 200 points pic.twitter.com/VcoO1mMXbw 2.00pm GMT New York traders should prepare for a lively opening, when trading begins on Wall Street in 30 minutes.A fresh record high looks nailed on, following the Senate’s tax approval vote. Connor Campbell of SpreadEx explain:The Dow Jones is set to strap a rocket to its back after the bell, with the futures pointing to a 220 point surge. That’d leave the Dow at – what else – a fresh all time high of around 24450, already making last Friday’s FBI-revelations inspired panic a distant memory. Continue reading…
Via: Markets rally after Trump's tax victory; UK construction growth picks up – 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…