Rolling coverage of the latest economic and financial news, as the Chinese stock market enjoys its best day in three and a half years
- Introduction: Trump delays new tariffs on Chinese goods
- Tariffs were due to rise to 25% on March 1
- China’s CSI300 has best day since 2015
Britain’s housebuilders are bucking the trend this morning, as they slide to the bottom of the FTSE 100 leaderboard.
Since Government’s Help to Buy policy was introduced, Persimmon’s profit per house has gone from £22,114 in 2012 to £60,219 in 2018. Half of the homes they built last year were sold under Help to Buy.#ukhousing #help2buy #persimmonhttps://t.co/9xiuJ6i8aD pic.twitter.com/NqAlv9YH8Q
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Wall Street is expected to hit a new 2019 high when trading resumes in New York in under six hours time.
Connor Campbell of SpreadEx says:
With the Asian markets surging to a 5 month high in the aftermath of Trump’s comments, the Dow Jones is set to hit its own 26100-plus, 3 and a half-month peak when it opens later this afternoon.Yet the European indices weren’t anywhere near as giddy, perhaps held back by the ongoing lack of clarity over what exactly is going to happen with Brexit.