Brexit talks stall, ECB set to extend stimulus

European markets have had a muted open this morning as ongoing Brexit talks continue to yield any real progress. The deadline of this Sunday has been set for talks to reach a conclusion and with many markets pricing in an agreement of some sort, a derailment of negotiations could well bring on some significant volatility.Continue reading “Brexit talks stall, ECB set to extend stimulus”

White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats

Since the Covid-19 pandemic began, and governments began to take fiscal and monetary measures in response, markets have reacted significantly to any updates on potential new rounds of stimulus. Recently in the US, hopes have emerged of a smaller interim deal between Democrat and Republican lawmakers than the multi-trillion-dollar deal Democrats had initially hoped for.Continue reading “White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats”

Markets slip on China sanctions

Markets are red across the board this morning as virus case numbers creep up once again and the US prepares sanctions on Chinese officials involved in disqualifying opposition lawmakers in Hong Kong. This seems like a parting blow to China from the Trump administration. The FTSE is the only major index bucking the trend, gainingContinue reading “Markets slip on China sanctions”

Oil gains on OPEC+ cut talks

OPEC+ will resume talks today with a view to planning for 2021 and the continuation of output cuts to support the oil price in a time when demand is lower as the world recovers from the pandemic. A deal is expected to be reached for cuts of 7.7 million barrels per day which has seenContinue reading “Oil gains on OPEC+ cut talks”

UK approves Pfizer vaccine, US closes at record highs

The UK has become the first Western country to approve a Covid-19 vaccine, giving emergency authorisation for Pfizer-BioNTech’s 95% effective solution. The jab could be rolled out as early as next week, with frontline workers and the most vulnerable likely to be at the head of the queue. The vaccine does present logistical challenges givenContinue reading “UK approves Pfizer vaccine, US closes at record highs”

Bitcoin hits new record high

Bitcoin surged to a new all-time high of $19,712. Its adoption by payments giant PayPal, as well as its role in portfolios as a safe haven which can offer diversification away from other assets like equities and bonds, have caused a huge run up in its value this year. It’s one year return is nowContinue reading “Bitcoin hits new record high”

S&P Global in talks to pull off the biggest deal of 2020

Salesforce’s talks of a deal with workplace communications firm Slack dominated headlines late last week, but an even bigger deal was reported over the weekend. Per The WSJ, financial information firm S&P Global is in advanced talks to buy fellow data giant IHS Markit for $44bn. If that price stands, the deal would be theContinue reading “S&P Global in talks to pull off the biggest deal of 2020”

Facebook’s Libra to launch as soon as January

Libra, the cryptoasset devised by Facebook, is reportedly planning to launch as early as January, as per the Financial Times, although it will be a scaled down version of what was originally planned. The FT quotes unnamed sources as saying the launch will now be focused on one single cryptoasset, rather than the launch of several coins.Continue reading “Facebook’s Libra to launch as soon as January”

Oil holds near 12-week high, with energy stocks soaring

The price of oil held at over $43 a barrel in overnight trading on Sunday and into this morning’s European open, its highest level since early September. That follows the third straight week of gains for oil prices, as progress towards a widely available Covid-19 vaccine has raised hopes of an improvement in energy demand.Continue reading “Oil holds near 12-week high, with energy stocks soaring”

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