Markets cheer trade war progress ahead of UK GDP growth report – business live



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Via: Guardian

Rolling coverage of the latest economic and financial news, including April’s UK GDP growth report Shares jump as US drops Mexico tariffs Nikkei up 1.2%; FTSE 100 opens higher Coming up: UK GDP for April 8.09am BST Commodity prices are also rallying this morning, after the US stepped back from hitting Mexico with new tariffs. The copper price has gained 0.6% to $5,831 per tonne, having fallen for the last eight weeks in a row. Nickel (1.3%) and lead (+1.2%) are also higher this morning. 7.54am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Related: Trump calls off tariffs after US-Mexico deal but Mnuchin says threat remains The biggest weekend news was Trump’s Friday night tweet (and a formal joint US-MX statement) announcing an agreement which suspends Trump’s tariffs threat on Mexico for now. Reading through the details, Mexico basically re-committed to existing promises (and maintained its own red line of rejecting safe third-country status) – aka Trump blinked. The reaction in Asia has been positive. If President Obama made the deals that I have made, both at the Border and for the Economy, the Corrupt Media would be hailing them as Incredible, & a National Holiday would be immediately declared. With me, despite our record setting Economy and all that I have done, no credit! European Opening Calls:#FTSE 7367 +0.47%#DAX 12113 +0.56%#CAC 5385 +0.39%#MIB 20469 +0.53%#IBEX 9273 +0.40% Continue reading…


Markets cheer trade war progress ahead of UK GDP growth report – business live

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