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Iceland boss: Christmas at risk from HGV driver shortages and supply chain crisis – business live

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Rolling coverage of the latest economic and financial news

3.24pm BST

In the shipping industry, a key measure of freight costs has dropped back from its highest level in a decade, following the full reopening of the world’s third-busiest port in China.

Baltic Dry Index Falls 0.19% to 4,193
Capesize -1.57% to $50,662
Panamax +1.06% to $33,633
Supramax 58k tons +1.29% to $37,249#DryBulk #Shipping #2020Bulkers $DSX $EGLE $GBLK $GNK $GOGL $SBLK

3.09pm BST

In New York, the tech-focused Nasdaq index has opened at a fresh record high.

The Nasdaq Composite has picked up another 17 points, or 0.1%, to nudge 15,037 points, as technology companies continue to shine.

Moderna finalizes submission to FDA for full approval of its COVID-19 vaccine.

It’s not yet clear how long the FDA will take to review the application.

(Reuters) – The Nasdaq opened at a record high on Wednesday, lifted by gains in technology-related stocks, while broader markets remained subdued ahead of a U.S. monetary policy update this week.

The minutes of the latest Fed meeting have already made it clear that most committee members believe tapering should start before year end. But given that there are still three meetings left this year, markets will look for any clues as to which meeting will see the starting gun fired.

In our view, more progress needs to be made towards full employment, and September is thus unlikely, but it is a close call between November and December.

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The Groucho

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