Global stock markets have begun to rally after more than two weeks of sustained falls. Stocks had been hammered by fears of a deepening trade war between the US and China but comments made by Donald Trump over the weekend delivered some reason for cautious optimism.
In London the FTSE 100 rose 0.9 per cent, while markets in Germany, France and China also rose.
Donald Trump said on Sunday that America is “doing very well with China, and talking!” and also claimed that the US was "poised for big growth" once trade disagreements are resolved.
Some 153,000 travellers needed emergency medical treatment abroad last year - equating to 420 people every day, or one person every three minutes, the Association of British Insurers (ABI) said.
“The Brexit haze, uncertainty over the political environment and the increased possibility of the UK entering recession appear to have dented expectations,” IHS Markit economist Joe Hayes said.
The fast-approaching Brexit deadline and lower house prices have spurred buyers into action, with home sales rising 6.1 per cent on last year, according to August data from Rightmove.
Asking prices fell but less than is usual in August when many people are on holiday, dropping 1 per cent on the month and climbing 1.2 per cent on the year – the highest increase since September last year.
“There’s only so long that buyers and sellers can delay the familial, financial and emotional forces driving the need to move,” said Miles Shipside, housing market analyst at Rightmove.
Home sales jump as looming Brexit deadline unleashes pent-up demand
More than a third of economists believe the US economy will enter recession by 2021, up from a quarter in February.
Only 2 per cent expect a recession to begin this year, a poll by the National Association for Business Economics found.
Among concerns cited by economists have been Donald Trump's tariffs alongside ballooning budget deficits.
Trump is pinning his 2020 re-election hopes on a strong economy.Ataer Holdings, the investment arm of Turkey’s military pension fund Oyak, was unveiled on Friday as the preferred buyer for the steelmaker which collapsed in May.
British Steel: Hundreds of jobs could be cut to raise productivity
“Ryanair has blown the chance of finding a resolution before this week’s strike action,” a pilots’ union now says.
On Thursday and Friday, 22 and 23 August, as well as on 2, 3 and 4 September, flight crew employed in Britain by Europe’s biggest budget airline are intending to strike.
The Independent calculates that 500,000 people with confirmed bookings are at risk of having their flights cancelled over the five days.
The British Airline Pilots’ Association (Balpa) had invited Ryanair to start the week with fresh talks, but instead the airline is taking legal action in the High Court to challenge the legitimacy of the strike ballot.
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