Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Relief that Donald Trump has signed a $900 billion economic aid package, and that a disorderly no-deal Brexit has been avoided, are driving stock markets towards fresh record peaks today.
Related: Dow hits record high after Trump belatedly signs Covid relief bill
Japanese stocks are at a 30-year high! #Japan #Nikkei225 pic.twitter.com/CCBBuoIZEl
Related: Covid vaccines and $600 payments: key provisions in the US stimulus bill
European Opening Calls:#FTSE 6578 +1.16%#DAX 13880 +0.65%#CAC 5614 +0.45%#AEX 630 +0.34%#MIB 22346 +0.26%#IBEX 8194 +0.48%#OMX 1894 +0.42%#IGOpeningCall
“With the Brexit … and the U.S. stimulus deal now in the rear-view mirror, there is a sense of relief that we have avoided the respective worst-case scenarios,” said Stephen Innes, chief global market strategist at Axi, a broker.
Britain clinched a narrow Brexit trade deal with the EU on Thursday, just seven days before it exits one of the world’s biggest trading blocs.