Europe Climbs as Investors Ignore Record US Virus Cases – Live Updates


3) Car production stabilizes again in the worst May since 1946: the Society of Motor Manufacturers and Dealers (SMMT) said production was a slight improvement in April, when only 197 cars were built, but with factories still closed or operating at reduced capacity, it still marks the worst month of May since 1946.4) British Airways has promised not to reduce the wages of its 14,000 cabin crew members by more than 20 pc in an offer presented to the unions as the airline seeks to reduce costs after the flights failed in the whole world. The standard bearer is already planning to fire up to 12,000 people, more than a quarter of its workforce.

5) Slaughterhouses face a steep Covid learning curve: Covid-19 infections in meat factories highlight safety standards and hygienic practices in industry

What happened overnight

AIts markets rebounded Friday after the previous day’s large losses following a strong Wall Street advance, but an increase in infections across the planet is fueling concerns about a second wave.

Tokyo added 1 pc to lunch, while Sydney increased 1.1 pc and Seoul gained 0.7 pc. Singapore increased by 0.8 pc, Jakarta rose slightly by 0.5 pc and Manila increased by 0.3 pc with Wellington 0.2 pc up.

Hong Kong edged down as investors returned from a midweek break to make up for Thursday’s losses. Shanghai was closed for vacation.

Coming today

Intermediate results: Marston’s

Commercial declaration: Tesco

Economy: Money supply (euro area), business confidence (Italy), personal income and expenditure (United States)


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