Rolling coverage of the latest economic and financial newsLatest: UK retail sales fell 0.9% in DecemberBlack Friday partly to blameHave we reached ‘peak stuff’?Earlier:WSJ: Steven Mnuchin proposed cutting China tariffsTreasury denies it, but stocks riseChina cut taxes to spur demand 1.52pm GMT US Opening Calls:#DOW 24493 +0.51%#SPX 2646 +0.38%#NASDAQ 6743 +0.34%#IGOpeningCall 1.14pm GMT Wall Street is expected to rally today, picking up where it ended last night.Ahead of the opening bell:- Dow up 159 points- Nasdaq up 33.5- S&P up 12.55 – @RealMoney #StockoftheDay $NFLX down 3.3% pic.twitter.com/WSFLomBXc6It was a week defined by Brexit drama, US-China trade developments and ongoing political uncertainty in Washington. Renewed optimism over US-China trade talks stimulated global risk sentiment on Friday with Asian stocks ending mostly higher. Although European markets are benefiting from the improved market mood, investors must remain alert and guarded. Continue reading…
Via: UK retail sales fall; markets rally on trade hopes – business live
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