UK and eurozone manufacturing sectors show sluggish progress, while Apple shares jump 4% after stellar results

 The Guardian
Apple logo

 Apple boosted by better than expected third quarter results Photograph: Andy Rain/EPA

Following its forecast-beating results and upbeat outlook, Appleshares have jumped 4.4% to $198.4. at the start of the day’s trading, helping support a US market rattled by renewed concerns about a damaging trade war between the US and China.
The move means Apple is close to becoming the first company to be valued at $1tn. It would need to hit $203.25 to reach that level.
Apple’s rise has helped lift technology stocks on Wall Street, pushing the Nasdaq Composite 0.39% higher.
The Dow Jones Industrial Average - which also includes Apple - is marginally higher, up 0.04% while the S&P 500 has opened 0.17% higher.
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A host of manufacturing surveys for July showed a disappointing outcome for the UK, while eurozone growth was also sluggish.
Over in the US factory growth slipped in July, while a jobs report was better than expected although it came with a warning on the outlook.
The latest UK housing market report from Nationwide showed a 2.5% annual rise in July ahead of an expected Bank of England interest rate rise on Thursday.
Overall markets were subdued after reports of an escalation in the trade dispute between the US and China, with President Trump said to be considering raising the existing 10% tariff on $200bn of imports from China to 25%.
And following its positive results on Tuesday, Apple shares opened up 4.4%, pushing the company’s value close to a record $1tn.

Apple shares open 4.4% higher as its value heads towards $1tn - as it happened

UK and eurozone manufacturing sectors show sluggish progress, while Apple shares jump 4% after stellar results

 The Guardian
Apple logo

 Apple boosted by better than expected third quarter results Photograph: Andy Rain/EPA

Following its forecast-beating results and upbeat outlook, Appleshares have jumped 4.4% to $198.4. at the start of the day’s trading, helping support a US market rattled by renewed concerns about a damaging trade war between the US and China.
The move means Apple is close to becoming the first company to be valued at $1tn. It would need to hit $203.25 to reach that level.
Apple’s rise has helped lift technology stocks on Wall Street, pushing the Nasdaq Composite 0.39% higher.
The Dow Jones Industrial Average - which also includes Apple - is marginally higher, up 0.04% while the S&P 500 has opened 0.17% higher.
---
A host of manufacturing surveys for July showed a disappointing outcome for the UK, while eurozone growth was also sluggish.
Over in the US factory growth slipped in July, while a jobs report was better than expected although it came with a warning on the outlook.
The latest UK housing market report from Nationwide showed a 2.5% annual rise in July ahead of an expected Bank of England interest rate rise on Thursday.
Overall markets were subdued after reports of an escalation in the trade dispute between the US and China, with President Trump said to be considering raising the existing 10% tariff on $200bn of imports from China to 25%.
And following its positive results on Tuesday, Apple shares opened up 4.4%, pushing the company’s value close to a record $1tn.

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