China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldBritain’s blue-chip share index is on track to extend its record-breaking run of gains.The FTSE 100 share index has risen by 27 points, or 0.3%, in early trading, partly thanks to BP’s rally.The FTSE100 remains something of a beacon of light compared to many of its global peers, with its suite of relatively stable and defensive sectors playing into investors’ desire for alternative investment destinations.Coupled with an undemanding valuation both historically and globally, alongside an average dividend yield of 3.5%, the index has added 5.6% this year, and at the open further resilience was in evidence. A broad mark up incorporated both defensive and cyclical sectors, the latter of which resulted in some strength in the likes of the retailers and the housebuilders.” Continue reading...

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