Friday, 27 September 2024
The Mighty Headlines
Economics: US urges China to support domestic Chinese demand
Business: Jaguar Land Rover invests £250 million In new factory
Markets: Markets rise on US GDP data
Foreign Affairs: Japanese court acquits death row inmate of 1966 murders
Security and intelligence: Sudanese army makes push for capital
Domestic politics: Starmer calls for an end to violence between Israel and Lebanon
The Mighty Stats
FTSE = 8,284.91 (up by 0.2 per cent at Thursday close)
S&P500 = 5,745.37 (up 0.4 per cent at Thursday close)
Nasdaq = 18,190.29 (up 0.6 per cent at Thursday close)
CAC40 = 7,742.09 (up by 2.33 per cent at Thursday close)
£1 = $1.34 / €1.20
US: Trump / Harris = 47.1 / 49.1 per cent
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The Mighty Detail
Economics: The United States is urging China to take “concrete steps” to support domestic demand. The news comes following relative weak Chinese growth and Beijing’s announcement of stimulus measures on Tuesday to support consumer spending.
Business: Jaguar Land Rover is set to invest a further £250 million in a historic factory to build more electric vehicles. The car manufacturer will upgrade the Halewood plant near Liverpool which was originally built in 1963 to make the Ford Anglia. The company has already spent £250 million modernising the factory.
Markets: The stock market in Europe and the US closed in positive territory yesterday after news that the US economy grew faster than the eurozone and UK economies. In Q2 2024, the US economy is reported to have grown by an annual rate of 3 per cent.
Foreign Affairs: A Japanese court has acquitted its longest-serving death row inmate of a 1966 quadruple murder. Iwao Hakamada, 88, has been found not guilty after a retrial which revealed investigators in the 1960s had fabricated the evidence against him. Hakamada has spent 48 years in prison, 45 years on death row and most of it in solitary confinement. Since 2014, when the retrial was first granted, he has been serving his sentence at home.
Security and intelligence: The Sudanese army is making a push to regain the country’s capital city in the biggest ground operation in the area since the start of the civil war in April 2023. The Sudanese army lost control of Khartoum to the Rapid Support Forces paramilitary group last year as both jostled for control of the country.
Domestic politics: Sir Keir Starmer addressed the UN General Assembly yesterday evening and called for Israel and Hezbollah to “step back from the brink”. This follows calls for an immediate 21-day ceasefire across the Lebanon-Israel border by the G7 countries and allies in the Middle East. Benjamin Netanyahu will address the UN today.
The Mighty Calendar
What’s happening today?
Israeli Prime Minister gives speech at UN General Assembly General Debate
New Scottish Conservative Party leader announced
Japan’s ruling LDP party chooses new leader to replace Prime Minister
France CPI inflation data (September)
Spain CPI inflation data (September)
Germany unemployment data (September)
United States personal income and personal spending data (August)
Lookahead to the weekend
Saturday
o Sailing America’s Cup Louis Vuitton Finals continue (end 5th October)
o Georgian cookery demonstration – Handel House Museum, Mayfair, London
o World Halal Food Festival begins, Stratford (ends 29th September)
Sunday
o Freemen and freewomen of the City of London herd sheep over Southwark bridge
o Indonesia Moto Grand Prix Final Race
o Berlin Marathon
The Mighty Finale
🌤️Weather today
Rain again in London! High of 13oC and low of 5oC. Largely dry and sunny in Belfast and Edinburgh. A good start to the week for you!
✏️Life coaching quote of the day
“You must take personal responsibility. You cannot change the circumstances, the seasons, or the wind, but you can change yourself.” – Jim Rohn, motivational speaker
Mighty takeaway: You have the power to achieve anything you want in life but you must be willing to do things differently if you haven’t had the results you wanted up until now. If you don’t change, nothing in your life will change.
That’s all for today and for this week. Thank you for reading and we’ll see you again on Monday. If you like what you read or don’t like it at all, let us know. And do pass this newsletter on to someone who might find it useful.
Adios!
The Mighty Memo team