UK inflation rises to 0.6%; London average house price exceeds £500,000 – business live

UK inflation rises to 0.6%; London average house price exceeds £500,000 – business live

Rolling coverage of the latest economic and financial newsLatest: London house prices hit fresh record over £500kExperts: Stamp duty holiday fuels prices, for now....Earlier:Transport, clothing and recreation costs lift inflationSoftware and laptop prices upFood prices fell in December, thoughEconomists predict inflation will rise as pandemic eases 1.39pm GMT Morgan Stanley has joined the ranks of Wall Street firms posting record results during the pandemic.Earnings jumped by over 60% in the final quarter of 2020, up to $4,430m from $2,733m a year earlier, lifting total earnings last year to $14,418m from $11,301m. "The Firm produced a very strong quarter and record full-year results, with excellent performance across all three businesses and geographies.I am extremely proud of how our employees came together to support each other and our communities and deliver for our clients in an incredibly challenging year.$MS 4Q 2020 earnings: Morgan Stanley reports fourth quarter net revenues of $13.6 billion, net income of $3.4 billion, EPS of $1.81 and ROTCE of 17.7%. Release: https://t.co/k7XK0SwulS (1/5) pic.twitter.com/XyLKd2EqQDI realize earnings are not the center of anyone's attention today. But FWIW, Morgan Stanley posted a solid report this morning. Just like Goldman Sachs and JPMorgan Chase. $MS up 2% #premarket. $GS $JPM 1.17pm