New GDP report shows that British bosses have cut back on buying new machinery and computers, as Brexit crisis hits confidence
- Latest: UK business investment has fallen for a year
- Households forced to borrow to make ends meet
- Balance of payments gap has widened
- English house prices are now falling
Newsflash: The Chinese news service Xinhua is reporting that progress was made at today’s negotiations between US officials Steven Mnuchin and Robert Lighthizer and Chinese vice premier Liu He.
Alas, we don’t have concrete details on that progress.
Back in the financial markets, Wall Street is expected to open higher as trade war optimism reaches New York.
Investors are cheered by this morning’s tweet from Treasury secretary Steven Mnuchin, that his talks in Beijing today were ‘constructive’.
It’s been a choppy directionless week for US stocks but at the moment the Dow is forecast to open around +130 from Thursday’s close, at the highs for the week. pic.twitter.com/XJLwwTypEG
