Rolling coverage of the latest economic and financial newsTrump attacks Federal ReserveIFO: German business confidence faltersOil hits three-week high as Iran tensions buildBitcoin rally pushes cryptocurrency over $11,000 2.54pm BST Donald Trump is right about one thing, though – this has been a vintage month for the stock market.The Dow Jones is up nearly 8% this month, which the president called “one of the best” June’s in US history. It’s actually the best in over 80 years, since June 1938, when the Dow surged by an astonishing 24.3%.The rally for equities has been partly supported by the Fed, which concluded its Wednesday rate-setting meeting by signaling a willingness too trim rates as soon as the end of the July 30-31 gathering to curb the effects of tariff clashes between the U.S. and international trade partners, notably China, that have roiled global economies and threaten to disrupt global supply chains. 2.45pm BST Ding ding! The New York stock market is open, and shares are rising despite geopolitical tensions in the Gulf.Could we see all time highs today? $SPX pic.twitter.com/yujmjpp5Y6 Continue reading…
Via: Trump blasts Fed for blowing US recovery; German business confidence slides – 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…