Markets in Europe were a mixed bag on Tuesday morning as UK public sector borrowing showed the government had leveraged another £24bn in May.
Shares in Asia-Pacific rise in Tuesday morning trade, tracking recovery in global peers
Economic data from the Eurozone will draw interest late in the day. FED Chair Powell testimony after the European close will be a factor to consider, however.
Stocks across Asia-Pacific jumped following a rebound on Wall Street and oil rose to its highest level in two years as investors were reassured by signals that the Federal Reserve would continue to support the economic recovery from the coronavirus pandemic. In afternoon Asia trading on Tuesday, Japan’s Topix rose 3.1 per cent and Australia’s S&P/ASX 200 climbed 1.8 per cent. India’s benchmark Sensex index rose as much as 0.8 per cent to a record, while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks climbed 0.5 per cent. The moves followed a bounce for US stocks on Monday, with the S&P 500 closing up 1.4 per cent. US shares tumbled last week after the Federal Reserve pivoted to a more hawkish tone, prompting fears that interest rate rises could derail the global economic recovery.
An attempt by private equity firm Clayton, Dubilier & Rice to take over the supermarket chain Wm Morrison’s would, if successful, mark one of Britain’s biggest leveraged buyouts since the 2008 crisis. It would also cap a frenzied six-month period in which private equity dealmakers have announced bids for UK-listed companies at the fastest pace in more than two decades, triggering a fierce row in the City of London. The push from the buyouts industry pits traditional fund managers, who have started to take the rare step of publicly speaking out against takeovers, against bullish dealmakers sitting on record-sized pots of cash, who claim some of the objections are unreasonable.
Three in five working age adults don’t feel they’re equipped with all the skills they need over the next five years.
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Rio Tinto and other mining giants dragged stocks in London lower on Monday, amid fears that commodity prices were near the top of a cycle and weakness in both iron ore and copper.
While young ethnic minority males (aged 18-44 years) think inroads have been made, there is still a way to go for females aged 45 and over from ethnic minorities, according to a study.