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GRAMGood Morning. The FTSE 100 will open higher after posting its best week since April of last week.
The pound was slightly lower against the dollar as Brexit trade talks head into another week of crisis, and fisheries, level playing field and governance remain the hot spots.
Meanwhile, China, Japan and South Korea were among 15 countries that signed a new trade agreement overnight, known as the Regional Comprehensive Economic Association, or “RCEP,” which sent Asian stocks soaring.
5 things to start the day
1) Gambling mogul Fred Done backs £ 9 billion takeover offer of William Hill by Las Vegas casino operators Ceasars Entertainment
2) Sir Philip Green’s Arcadia Group has denied claims that it is on the verge of management. The owner of Topshop is in discussions with the lenders to obtain new loans.
3) Paying for the pandemic does not mean an impoverished future, argues Roger Bootle
4) Sunak’s listing reform unlikely to convince UK startups to choose London, says Nasdaq chief
5) John Lewis’s new strategy makes sense, but Covid could derail his plans, argues John Timpson
What happened overnight
Asian stocks hit a record Monday as vaccine optimism and strong economic data from China and Japan overshadowed concerns about rising coronavirus cases, lifting nearly all sectors.
MSCI’s broader Asia-Pacific equity index outside of Japan gained 1pc to its highest level since its launch in 1987 with markets across the region hitting all-time highs.
Japan’s Nikkei traded at 29-year highs, South Korea’s Kospi at its highest since early 2018, and Australia’s ASX 200 hit an eight-month high in the morning, before a technical problem halted trading. Commerce.
S&P 500 futures rose 0.6 percent after the index’s record close on Friday, Nasdaq 100 futures rose 1 percent and European futures rose strongly with EuroSTOXX 50 futures 0.8 percent. and FTSE futures a half percent.
The currency and commodity markets were a bit more circumspect.
Going up today
Provisional results: Prices, Smiths, Vodafone
Whole year: Diploma
Commercial declaration: Kingspan
Economic Sciences: Industrial production (China, Japan); retail sales (China); Manufacturing Empire State (USA)
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