Rolling coverage of the latest economic and financial news
- Latest: Ipsos MORI sees record jump in economic optimism
- Public now most upbeat since 2015
- Bank of England governor ‘more positive’ on recovery
- Bailey warns Covid had unequal impact; plays down inflation worries
- Introduction: China’s factory output and retail sales surge
Speaking of New York… the Dow Jones industrial average has hit a new record high at the start of trading.
The Dow gained 99 points, or 0.3%, to 32,877 in early Wall Street action.
BREAKING: Stocks open higher, Dow notches record high after strong finish last week. pic.twitter.com/KyVTcHLORP
#DOW 32901.81 +0.38%#SPX 3947.07 +0.09%#NDX 12931.0 -0.05%#RTY 2352.8 +0.00%#VIX 21.41 +3.48%
Over in New York state, factories have reported that business activity grew steadily this month, with new orders increasing modestly, and shipments substantially higher.
This lifted the Empire State Manufacturing index by five points to 17.4, its highest level since last summer.
The March Empire State Manufacturing Survey indicates that manufacturing activity grew at a solid clip in New York State. The general business conditions index rose 5 points to 17.4, its highest level since last summer. https://t.co/psUPHT8E8l pic.twitter.com/443HfLEDO7
Steady and strong is the manufacturing signal from the New York Fed’s Empire State report which, at a 17.1, is at the high end of Econoday’s consensus. pic.twitter.com/3TgfZvTrP7