UK, eurozone factories bounce back; US-China tensions rise over TikTok – business live | The Guardian

UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveysGold hits new record high of $1,984.66 an ounceHSBC steps up 35,000 job cuts amid Covid-19 profit plunge TikTok reportedly relocating to London as Microsoft confirms acquisition plans 2.47pm BST The final reading for the US manufacturing PMI from Markit has come in at 50.9, lower than the 51.3 expected. Any number above 50 indicates expansion.Data alert: US manufacturing PMI, final reading (July): 50.9 vs 51.3 expected 2.35pm BST Wall Street has opened higher. Continue reading…

• UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveys
• Gold hits new record high of $1,984.66 an ounce
  
• HSBC steps up 35,000 job cuts amid Covid-19 profit plunge
• TikTok reportedly relocating to London as Microsoft confirms acquisition plans

2.47pm BST

The final reading for the US manufacturing PMI from Markit has come in at 50.9, lower than the 51.3 expected. Any number above 50 indicates expansion.

Data alert: US manufacturing PMI, final reading (July): 50.9 vs 51.3 expected

2.35pm BST

Wall Street has opened higher.

Continue reading…