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BHP Q1 iron ore output up 7%, warns of lower production
BHP on Tuesday reported a 7. 2% rise in first-quarter iron ore production as demand from China stabilised, but warned of a slowdown in the current three month period.
London pre-open: Stocks seen lower amid US stimulus doubts
London stocks were set to fall at the open on Tuesday amid ongoing concerns about the coronavirus pandemic and as investors grew doubtful that a US stimulus package will be agreed before the election.
Tuesday newspaper round-up: ITV, PPE, working lunches
Mervyn King, the Bank of England governor during the financial crisis, has told the government now is not the time to worry about record levels of national debt and that the furlough scheme could be needed throughout 2021. In a warning to ministers that additional support for Britain’s coronavirus-hit economy will be necessary over the winter while tough new local lockdowns are in place, Lord King said the government needed to step in to prevent lasting damage for jobs and growth.
Europe close: Stocks surrender early gains
European shares gave up early gains as the impetus provided by upbeat earnings reports and strong China GDP data faded going into the close of the session.