G.ood morning. The FTSE 100 will be bolstered by growing optimism about Covid-19 vaccines and a possible Brexit trade deal that now seems within reach.
Later today, Boris Johnson is likely to announce England’s exit strategy from lockdown, which will include a tougher three-tier system than before.
Flash PMI figures for manufacturing and services in the UK will also be published.
5 things to start your day with
1) Call for release guidelines after stocks spike in vaccine news: The pressure is mounting to first disclose market-changing data via the RNS, after Moderna’s data has been informed prior to publication.
2) Sainsbury’s bow to financial services after supermarket banks’ challenge fails: The retail giant had high hopes for its banking arm, but it has become clear that the big players are still in control.
3) UK companies risk billions in new costs if EU blocks data sharing deal: Businesses could be forced to agree to new expensive contract terms if they want to transfer information between trading blocs after the Brexit transition period ends.
4) Driverless car startup Wayve gets the backing of Richard Branson as it targets US rivals: The Cambridge firm has emerged as one of Britain’s best prospects in the advanced sector after the backing of Virgin Group.
5) House prices spike, but watch out for the March slide: The post-Covid ownership frenzy has taken the market by surprise, but experts fear the hangover is only months away.
What happened from one day to the next
Asian stocks rallied Monday as investors looked ahead to US quarterly economic data amid unease over anti-coronavirus curbs on the corporate sector and bickering over the US presidential election.
Market benchmarks in Shanghai, Seoul and Sydney rose while Hong Kong pulled out. Japanese markets were closed due to a public holiday.
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.
The Kospi in Seoul jumped 1.9 st. To 2,602.94 and Sydney’s S&P-ASX 200 added 0.5 sts to 6,570.90.
New Zealand, Singapore and Jakarta also won.
Corporate: DMGT, Carr’s (Annual results); Sysgroup, Codemasters, Mind Gym, Lxi Reit, Nextenergy, Sirius (Interim results)
Economy: UK / EU trade agreement; Germany, France, UK manufacturing and services flash PMIs (Nov)