LONDON – European stocks are expected to open in the mixed region on Monday, as market attention has been focused on negotiations between the UK and the EU on post-Brexit trade deals.
According to IG, London’s FTSE is down 7 points at 6,546, Germany’s DX is up 41 points at 13,156 and France’s CAC is up 24 points at 5,531.
Britain and the EU agreed on Sunday to continue negotiations on the Brexit trade deal, while negotiations will continue as major differences remain. Sterling bounced on the news, but UK Prime Minister Boris Jones warned businesses to be prepared to go out for a “no-deal” on 31 December when the transition period ends.
Johnson and European Commission President Ursula von der Leyen said they would decide on Sunday whether enough progress had been made to continue the merit talks.
In other news, Germany will face a complete lockdown during the Christmas period due to an increase in deaths and infections caused by coronavirus. Important shops and schools across the country will be closed from Wednesday.
“We maintain that friends, relatives and acquaintances can meet up to a maximum of five people and two family members, and the Christmas holidays from December 24 to 26 are the only exception, but not on New Year’s Eve and New Year’s Day,” said German Chancellor Angela Merkel. Said this weekend.
U.S. In the development of coronavirus, CDC director Robert Redfield signed Pfizer’s Covid-19 vaccine, so inoculation will be officially allowed for people aged 16 and over on Monday. That came after Pfizer’s FDA emergency approval of the vaccine last week. The USA has begun sending doses to hundreds of distribution centers across the country.
US stock futures moved higher in trading overnight on Sunday as markets showed signs of rebound from the week of defeat. Investors are weighing updates on the Covid-19 vaccine rollout as well as the suspension of coronavirus stimulation in Washington Washington.
Shares in Asia-Pacific, meanwhile, rose sharply in Monday’s trade as investors in the region reacted to the approval of Pfizer’s Covid-19 vaccine in the US.
Eurozone industrial production data for October is on Monday; No earnings expected.
To subscribe CNBC Pro For exclusive insights and analysis and live business day programming around the world.
.
