S&P 500 hits new record – live updates

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3) Ryanair cuts capacity by a fifth as bookings weaken: The carrier said the cuts would mean fewer flights on affected routes instead of direct closures. They will focus heavily on France, Spain and Sweden, where rising rates of Covid-19 cases have led to tighter travel restrictions.4) Amazon is under investigation by German competition authorities over its decision to block sellers for allegedly inflating prices during the pandemic. The German Federal Cartel Office has confirmed that it has launched the investigation into Amazon’s relationships with third-party sellers on its site.

5) Shoppers return to shopping parks, but heat wave weakens main streets: Nearly 2% rise in shopping park trips means out-of-city destinations now host over 85% of their numbers of regular customers in a return to something close to normal.

What happened during the night

SHares were mixed in Asia on Tuesday, after buying tech stocks pushed the S&P 500 closer to the record it set in February before the pandemic squeezed the global economy.

Benchmarks fell in Hong Kong, Tokyo and Seoul but rose in Sydney and Shanghai.

Hong Kong’s Hang Seng index lost 0.1 pc to 25,320.16 while in Tokyo, the Nikkei 225 index slipped 0.5 pc to 22,972.43. South Korea’s Kospi fell 0.7% to 2,391.87. The Australian S & P / ASX 200 gained 0.3 pc to 6,094.20, while the Shanghai Composite Index edged up 0.1 pc to 3,441.41.

Coming today

Intermediate results: Capita, KAZ Minerals, Persimmon, TI Fluid Systems, Wood Group (John)

Full year: BHP

Economy: Housing starts, building permits (United States)



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