{"componentChunkName":"component---src-templates-post-js","path":"/covid-treatment-optimism-boosts-markets/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f44d99ae6ea66003956b096","title":"COVID treatment optimism boosts markets","slug":"covid-treatment-optimism-boosts-markets","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/08/Multiply_minute--2-.png","excerpt":"Global financial markets have rallied strongly, fuelled by optimism in medical advances that could support an economic recovery from the pandemic.","custom_excerpt":"Global financial markets have rallied strongly, fuelled by optimism in medical advances that could support an economic recovery from the pandemic.","created_at_pretty":"25 August, 2020","published_at_pretty":"25 August, 2020","updated_at_pretty":"25 August, 2020","created_at":"2020-08-25T09:27:54.000+00:00","published_at":"2020-08-25T09:31:49.000+00:00","updated_at":"2020-08-25T09:31:49.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nRecord high share prices\nGlobal financial markets have rallied strongly\n[https://www.theguardian.com/business/2020/aug/24/global-stocks-rally-us-covid-treatment-approval-shares-europe-asia-trump-convalescent-plasma]\n, fuelled by optimism in medical advances that could support an economic\nrecovery from the pandemic. The US government has just approved a new treatment\nthat uses the plasma of recovered patients.\n\nTesco temps go perm\nExceptional growth in online order numbers means Tesco will create 16,000 new\npermanent jobs [https://www.bbc.co.uk/news/business-53890220]. Online orders are\nmore profitable, and now account for 16% of their sales (up from 9%). New\nshopping habits could change the face of the grocery industry - Aldi and Lidl\ndon’t offer online services, whilst Amazon is entering the market with an\nonline-only offering.\n\nNew law to protect forests\nThe UK government plans to require large businesses to prove their supply\nchains\nare free from illegal deforestation\n[https://www.bbc.co.uk/news/science-environment-53891421]. The majority of\ndeforestation in the Amazon is illegal, and it’s also responsible for 11% of\ngreenhouse gas emissions. According to environmental groups, 67% of British\nconsumers want the government to do more to tackle the issue.\n\nFirm dumps oil company stocks\nA $90bn Nordic hedge fund has dumped its stocks in oil and mining companies\n[https://www.theguardian.com/environment/2020/aug/24/major-investment-firm-dumps-exxon-chevron-and-rio-tinto-stock] \nin response to their lobbying efforts against climate action. The chief\nexecutive of Storebrand, said lobbying to undermine solutions to “the greatest\nrisks facing humanity” is “simply unacceptable”.","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

Record high share prices

Global financial markets have rallied strongly, fuelled by optimism in medical advances that could support an economic recovery from the pandemic. The US government has just approved a new treatment that uses the plasma of recovered patients.

Tesco temps go perm

Exceptional growth in online order numbers means Tesco will create 16,000 new permanent jobs. Online orders are more profitable, and now account for 16% of their sales (up from 9%). New shopping habits could change the face of the grocery industry - Aldi and Lidl don’t offer online services, whilst Amazon is entering the market with an online-only offering.

New law to protect forests

The UK government plans to require large businesses to prove their supply chains are free from illegal deforestation. The majority of deforestation in the Amazon is illegal, and it’s also responsible for 11% of greenhouse gas emissions. According to environmental groups, 67% of British consumers want the government to do more to tackle the issue.

Firm dumps oil company stocks

A $90bn Nordic hedge fund has dumped its stocks in oil and mining companies in response to their lobbying efforts against climate action. The chief executive of Storebrand, said lobbying to undermine solutions to “the greatest risks facing humanity” is “simply unacceptable”.

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