Latest labour force data shows UK earnings have risen, as Brexit chaos weighs on the poundLatest: Wage growth jumps to 3.3%But unemployment up by 20kIntroduction: Sterling near 20-month lows this morningMay hopes to improve deal, but Brussels sticks to its guns 1.55pm GMT The US president has dropped a hint that China is making concessions on trade…..Very productive conversations going on with China! Watch for some important announcements! 1.35pm GMT After a few very rough weeks, investors are grasping onto the prospect that China will soon cut tariffs on US cars.The London stock market has jumped by 1.7%, and there are even stronger gains in Frankfurt and Paris too.A Santa rally is looking increasingly unlikely, with risk appetite becoming more depressed by the day and the outlook for the global economy looking more challenging.We’re now seeing daily commentary it seems about the progress of talks between the US and China but the reality is that this is going to be a process that moves at a glacial pace but the fact that talks are happening are a reason to be optimistic. Continue reading…
Via: Markets jump on trade war breakthrough hopes, as Brexit weighs on sterling – business live
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