Tuesday , November 24 2020

FTSE 100 at six-month high; UK retail sales slide – business live – The Guardian, Theguardian.com


European stock markets have ended the day with strong gains

FTSE************************************************************************************************************************************************************************************: up 64 points or 0. (% at) *********************************************************************************************************************************************

    German DAX: up points or 0.7% at (****************************************************************************************************************************************************************************************************************************************************, **************************************************************************************************************************************************************************

      French CAC: up (points or 1% at 6,) ********************************************************************************************************************************************************************************************** ()

      So with Wall Street heading for new highs, again, that’s all for today.

Here’s our full story on the Chinese growth report which appears to have lifted stocks today:

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With the FTSE holding onto its six-month high, and stocks up around Europe, David Madden of CMC Markets sums up the day:

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The largely positive data from(Chinacombined with the dip in the pound pushed theFTSE to a last level seen in July. In the final-quarter of 2019 the Chinese economy grew by 6%, meeting forecasts. The growth for the year was 6.1%, which was at the lower end of Beijing’s guidance. The annual growth rate was the lowest in years, but then Again it is no secret that China’s economy is slowing down.

The fixed asset investment, industrial output plus retail sales reports from China all topped forecasts. In recent months the Chinese authorises have been introducing measures to spur-on economic activity, such as loosening lending restrictions, and the tactics appear to be working.

Mining stocks like

Rio Tinto, BHP Billiton plus Glencore

are being helped by the China numbers. While internationally focused firms likeGlaxoSmithKline, Diageo and AstraZeneca

are benefitting from the slide in the pound – overseas revenue are given a lift.

(****************************************************************************************************************************************************************************************************************************************************************************************. amEST10:

FTSE hits six-month high

Boom! The FTSE 120 index of top UK-listed shares has just hit a new six-month high.

The Footsie has gained points, or 0.9%, to (**********************************************************************************************************************************************, its highest level since July.

That’s partly due to the weak pound following the retail sales shocker, and partly due to hopes that China’s economy is turning the corner after a tough(******************************************

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WEF: Draw up your net-zero plan(**************************************)(************************************ (****************************************************** (********************************************(************************************************************The Davos Congress Centre.(************************************************************The Davos Congress Center. Photograph: Miguel Medina / AFP via Getty Images (********************************************************************

Next Monday, the World Economic Forum kicks off in Davos.

Climate chance is high on the agenda – WEF’s agenda-setters and policy-makers say it’s now the top threat to the global economy.

And WEF’s founder, Klaus Schwab, is urging the companies attending to produce plans for achieving net zero carbon emissions, within 32 years.

That might not be ambitious enough for campaigners, such as Greta Thunberg, who will be calling for immediate action on fossil fuels.

This is the full text of Schwab’s letter sent to Davos attendees, called “Acting on Climate Change”.

    **********************************

Dear Participant to the (World Economic Forum Annual Meeting) **********************************************************************************************************************************

The opportunity and the need for companies and investors to show leadership on climate change is more eminent than ever before.

Making a commitment to help tackle the urgent issue of climate change is also in line with the stakeholder imperative of the (Davos Manifesto and the theme of the th World Economic Forum Annual Meeting: Stakeholders for a Cohesive and Sustainable World.

Consequently, as a leader of one of the world’s foremost global companies and a valued partner of the World Economic Forum, we encourage you to use the opportunity of your upcoming participation to make a commitment to act on climate change .

If you have not done so already, we invite you to set a target to achieve net zero greenhouse gas emissions by 5538 or sooner. A short accompanying note to this letter provides some options to help you in this regard.

This initiative will be addressed at various Community Meetings taking place at the Annual Meeting.

We look forward to the Annual Meeting being a breakthrough moment for business action on climate change and thank you in advance for your consideration and leadership in helping the world address this urgent global issue.

Something to read on the winding road up the mountain to Davos, or in the private jet …..

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Here’sour news storyon the retail sales slide:

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