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GRAMGood Morning. The FTSE 100 will be fueled by growing optimism about Covid-19 vaccines and a potential Brexit trade deal that now appears to be within our grasp.
Later today, Boris Johnson is likely to announce England’s exit strategy from the lockdown, which will include a tougher three-tier system than before.
UK manufacturing and service flash PMI figures will also be released.
5 things to start the day
1) Call for publication guidelines after increased actions on vaccine news: Pressure is mounting for market-changing data to be made public for the first time through the RNS, after Moderna’s data was reported ahead of release.
2) Sainsbury’s Withdraws From Financial Services After Challenge From Supermarket Banks Fails: The retail giant had high hopes for its bank branch, but it has become clear that the big players are still in control.
3) British companies risk billions in new costs if the EU blocks the data-sharing deal: Companies could be forced to agree to expensive new contractual clauses should they wish to transfer information between trading blocks after the Brexit transition period ends.
4) The self-driving car startup Wayve has the backing of Richard Branson as it targets American rivals: The Cambridge firm has become one of Britain’s brightest prospects in the cutting edge sector after gaining the endorsement of the Virgin Group.
5) House prices peak, but watch out for the March slide: The post-Covid real estate frenzy has taken the market by surprise, but experts fear a hangover is only a few months away.
What happened overnight
Asian stocks rose on Monday as investors looked forward to quarterly US economic data amid concerns over coronavirus restrictions on companies and disputes over the US presidential election.
Market benchmarks in Shanghai, Seoul, and Sydney rose while Hong Kong fell back. The Japanese markets were closed for the holidays.
The Shanghai Composite Index rose 0.6 percent to 3,397.32 while Hong Kong’s Hang Seng lost 0.2 percent to 26,388.89.
Seoul’s Kospi rose 1.9% to 2,602.94 and Sydney’s S & P-ASX 200 added 0.5% to 6,570.90.
New Zealand, Singapore and Jakarta also won.
Going up today
Corporate: DMGT, Carr’s (Results for the full year); Sysgroup, Codemasters, Mind Gym, Lxi, Next Energy, Sirius (Provisional results)
Economic Sciences: UK / EU trade agreement; Manufacturing and Service PMI for Germany, France and UK (November)
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