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Covid wipes out 18 decades of French economic growth – stay updates

3) Pet food stuff gross sales increase at Nestle in coronavirus lockdown: The corporation was boosted by a 12.5personal computer jump in sales at its Purina Petcare arm, with premium brands brands Purina Professional Program and Purina One particular both notably common.

4) Common Chartered doubles down on dedication to Hong Kong: The London-listed financial institution, alongside with rival HSBC, has been condemned in modern weeks just after it broke many years of political neutrality by backing the law that criminalises anti-government protests in the former British colony.

5) Shell simply cannot do the contango for good: A stellar performance by the oil giant’s trading division will help salvage the equilibrium sheet inspite of writedowns of nearly $17bn

What occurred overnight 

Asian shares appeared set for a muted get started to the last buying and selling working day of the month, while earnings from technologies giants boosted US equity futures. In the US, treasuries rose and the greenback slipped.

Futures dipped in Japan and Australia, and ended up flat in Hong Kong. Apple, Amazon, Alphabet and Facebook jumped in right after-several hours investing as success conquer Wall Avenue estimates, lifting futures on the S&P 500 and Nasdaq 100.

Futures on the S&P 500 rose .3pc as of 11:15 am in Tokyo, while Nasdaq 100 futures gained .9computer. The S&P 500 before lessened .4computer system. Japan’s Topix index slipped 1.8computer. Hong Kong’s Hold Seng fell .3personal computer. Shanghai Composite fluctuated. Australia’s S&P/ASX 200 Index declined 1.9personal computer. Euro Stoxx 50 futures rose .2computer.

Previously in the working day, American equities shut reduce as facts showed the US economy experienced its sharpest contraction on history, while the number of People in america submitting for unemployment rewards rose. President Donald Trump elevated the idea of delaying the November 3 election until eventually immediately after the coronavirus pandemic eases.

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Interim success: British American Tobacco, BT, Glencore, London Stock Trade Group, NatWest

Buying and selling assertion: Paragon, Animals at Residence

Economics: GDP (euro)

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