Economic News
JP Morgan raises year-end 2021 target for S&P 500
Strategists at JP Morgan raised their year-end target for the S&P 500 and told clients that they did not anticipate that the Delta Covid-19 variant would derail the reopening of economies.
China Evergrande Group tumbles as Beijing tightens oversight of sector
Shares of China's second-largest property developer by sales tumbled again on Tuesday after reports of an asset freeze.
US housing starts surprise to the upside in June, but permits drop
US homebuilding activity bounced back last month but forward-looking indicators pointed to weakness ahead.
Ministers face dilemma on funding reform of UK social care system
Ministers risk being accused of making an “intergenerational raid” on taxpayers to fund the soaring cost of social care in the UK, according to financial analysts.
Jefferies believes Delta may be less lethal than other variants
Analysts at Jefferies believe the so-called Delta variant may be less lethal, even if more transmissible, than earlier variants of the virus - although not everyone is onboard with that notion.
UK grocery sales fall as lockdown restrictions ease
UK grocery sales have fallen, industry research showed on Tuesday, as lockdown restrictions continued to ease and football fans went out to watch Euro 2020.