5) The Celsa steel industry has obtained an emergency loan from the government under what is considered the first agreement under the “Birch Project” program to support strategically important companies. Celsa, which has 1,600 employees in the UK, has received a £ 30 million bailout.
What happened overnight
HKong’s stocks ended the morning on a high note, building on yesterday’s rally following a US employment report that beat forecasts. The Hang Seng index increased by 0.84 pc, or 211.89 points, to 25,336.08.
Tokyo ended the day up 0.3 pc and Shanghai jumped more than 1 pc. Sydney and Seoul increased by 0.6 pc, Taipei put 0.7 pc and Wellington gained 0.8 pc. Advances were also recorded in Singapore and Jakarta, although Manila declined slightly.
China’s service sector grew at the fastest pace in more than a decade in June, as loosening foreclosure measures revised consumer demand, private survey said on Friday, although companies continued to cut jobs.
The Caixin / Markit Purchasing Managers’ Index (PMI) reached 58.4, the highest level since April 2010, down from 55.0 in May, moving away from the February low.
Full year: Fuller Smith & Turner
Economy: Consumer confidence (United Kingdom), PMI for final reading services (United Kingdom, euro zone), Caixin services PMI (China), American public holiday (Independence Day)