All the latest economic and financial news, as China says some progress was made in US trade talks but ‘relatively big differences’ remainTreasury secretary Mnuchin reports ‘very good conversations’US asks China to cut trade surplus by $100bn in list of demandsUS non-farm payrolls report weaker-than-expected in AprilUK new car sales rise for first time in a year but diesel plungesBT planning to announce another 6,000 job cuts 2.58pm BST A mixed US jobs and wages report has led, appropriately enough, to a mixed opening for US markets.After an early dip the Dow Jones Industrial Average has edged up just 3 points while the S&P 500 and the Nasdaq Composite are both marginally lower.#Payrolls didn’t turn out to be the game-changer U.S. stock markets could have used as pretext to relax about inflation+dollar+Fed – they would have needed to be much weaker. Helps explain why #Dow, S&P have stayed weak into the cash open ^KO 2.37pm BST Here’s our report on the US jobs figures: Related: US unemployment falls to 17-year low of 3.9% as economy adds 164,000 jobs Continue reading…
Via: US trade mission ends with limited progress, China says – 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…