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The Last Bar and Restaurant in Norwich is one of the city businesses that reopened indoors on May 17, pictured is owner Iain McCarten. - Credit: Archant There was a buzz in the air on Monday in Norwich as many cafés and restaurants reopened for the first time in months as lockdown rules eased. To celebrate Norwich s independent businesses reopening, we ran a Summer in the City takeover on the Norwich Evening News Instagram account, giving city firms the chance to shout out about themselves. Gemma Aubrit-Layfield and Thomas Aubrit from L Hexagone Bistro Français in Lower Goat Lane, which reopened on May 17. ....
Wall St is reclaiming land as fears of rising interest rates recede Shares on Wall Street reacted on Wednesday from the previous session, with forecasts of rate hikes being delayed, after weaker-than-expected data and notes that helped sell the U.S. Treasury Secretary’s sale. The Nasdaq Composite index rose 0.3 percent in the evening in New York, following technology stocks he fell on Tuesday, dragging wider U.S. and European stock markets. The Blue & chip S&P 500 index gained 0.4 percent on Wednesday as the Dow Jones Industrial Average rose to a new record. U.S. Treasury Secretary Janet Yellen surprised markets on Tuesday that U.S. interest rates should rise to cool the rapidly recovering economy. However, later clarify his remarks, which had an excessive impact on growth stocks due to a sensitivity to changing interest rate expectations, said he did not anticipate “inflation problems”. ....
Provided by Dow Jones By Caitlin McCabe and Anna Hirtenstein Investors piled back into stocks Friday, lifting all three major U.S. indexes, as fresh data underscored that a strong economic recovery is under way. The rally capped a volatile week for the U.S. stock market, during which major indexes swung widely in both directions. Stocks started Monday lower and then posted a mid-week rebound, before tumbling sharply Thursday on reports that President Biden is considering nearly doubling capital-gains taxes on the wealthy. The news which immediately sent stocks lower seemed to all but cement sizable losses for the week. ....