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UK manufacturing output rises at fastest pace since April – live updates


3) Anglo American hires Aussie firm to mobilise Sirius investors: The vote on March 3 will decide whether or not a £524m deal to save the Yorkshire miner – which is weeks away from collapse – gets the green light.

4) Why Boeing could end its feud with Airbus by giving up a tax break: Yesterday, politicians in Washington State started work to end a tax break the US planemaker receives.Boeing said it “fully supports and advocated for” removal of the relief thought to have saved the company $100m in 2018 alone.

5) Barclays is scrapping technology which allowed bosses to spy on its bankers following a backlash over the invasion of staff privacy. The bank is axing tracking software which allows managers to see how long employees are spending away from their desks and the time it takes to do different tasks at their computers.  

What happened overnight

Asian stocks, US and European futures retreated Friday amid renewed concern about the impact of the coronavirus as cases increased outside of China. 

Shares in Korea and Hong Kong saw the steepest losses, with more modest declines in Australia. Japanese stocks closed little changed while those in China edged higher.

Also hurting sentiment: gauges of manufacturing in Australia and Japan added to concern about slowing economic growth, while weak South Korean export data weighed on the won. 

Traders were on tenterhooks this week amid a spike in coronavirus infections outside China and a slew of fresh warnings from companies on the pathogen’s impact.

That’s threatening gains that propelled global equities to a record high earlier this month and reigniting appetite for haven assets from Treasuries to the dollar.

Two people evacuated to Australia from a cruise ship in Japan tested positive for the coronavirus and South Korea reported 52 more cases.

Coming up today

Preliminary results: Pearson

Economics: Manufacturing and services activity PMIs (UK, eurozone and US)


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