Markets await UK jobs report and German ZEW data – business live | Business

9.20am BST09:20 Newsflash: Sterling implied volatility (a measure of whether investors are betting on the pound surging or slumping) has hit its lowest level in 16 months. That shows the City isn’t expecting fresh Brexit drama soon, now that Article 50 has been extended until October. 9.07am BST09:07 JD hits record high A branch of […]

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Goldman Sachs profits fall 20%; US-China trade deal hopes grow – business live | Business

The sharp rebound in equities seen this year is beginning to look a little tired and markets were little changed amidst a downbeat set of forecasts from the IMF. While the IMF cuts its global growth forecast for 2019 and warned of downside risks, it is still projecting but with little conviction some recovery in […]

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US growth revised down; Brexit worries weigh on pound – business live | Business

“How can a currency accurately price the risk of both a no-deal and a revocation of Article 50? It is not the job of the pound to be optimistic and hence, following the DUP’s announcement last night that they cannot back the deal as it stands, GBP strength continues to slip away. “Whether the next […]

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Turkish stocks tumble as crackdown on lira speculation spooks markets – business live | Business

Reports that the Turkish lira’s swap rates are surging due to Turkish banks withholding lira liquidity from foreign banks are not true, the head of Turkey’s banking association told Reuters on Wednesday. Earlier on Wednesday, sources told Reuters that Turkey would keep directing its banks to withhold lira liquidity from a key foreign market at […]

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UK and US housing figures fuel slowdown worries – business live

Rolling coverage of the latest economic and financial news, including weaker-than-expected housing data from Britain and America Latest: US housing starts drop UK mortgage approvals weaker than expected Brexit uncertainty is holding back demand for houses Earlier: Plumbing firm Ferguson in profits warning German consumer confidence fell this month Markets gripped by recession worries 1.36pm […]

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Recession fears hit global markets, but German morale improves – business live

Rolling coverage of the latest economic and financial news, as markets are hit by anxiety over the global economy Latest: German business morale has picked up… ..but German factories still struggle Introduction: Asian markets slide amid recession worries Full story: Markets rocked by recession worries European markets fall Why ‘Inverted’ yield curve raises recession fears […]

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Geopolitical tensions worry markets; UK economic confidence slumps – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. After yesterday’s surge in sterling, the City is rather more subdued this morning as investors return to worrying about geopolitical issues. And there’s plenty to concern us all today. The tensions between India and Pakistan in […]

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China stocks surge into bull market; Trump urges Opec to ‘relax’ – business live | Business

The Chinese government’s top diplomat, State Councillor Wang Yi, told a forum in Beijing on Monday that the talks had made “substantive progress”, providing positive expectations for the stability of bilateral ties and global economic development, China’s Foreign Ministry said. China’s official Xinhua news agency said in a commentary that the goal of an agreement […]

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Sony shares slump as smartphones and PlayStation sales struggle – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Sony’s slogan, “Be Moved”, is inspired by the emotional impact of technology, and the power of smartphones, gaming devices, cameras and speakers. Unfortunately, the only thing being moved right now is Sony’s share price, which is […]

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US ‘plans next steps’ after trade talks with China end – business live | Business

On January 7-9, an official delegation from the United States led by Deputy U.S. Trade Representative Jeffrey Gerrish held meetings in Beijing with Chinese officials to discuss ways to achieve fairness, reciprocity, and balance in trade relations between our two countries. The officials also discussed the need for any agreement to provide for complete implementation […]

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