5 things to start your day
1) The Chancellor is considering a temporary reduction in VAT to help kickstart the economy in the midst of mounting calls for further government action. Rishi Sunak is understood to have asked Treasury officials to consider a plan of action.
2) Gazprom continues in Germany over Nord Stream 2 decision. The giant Russian energy will take Germany to the court of justice of a decision not to exempt its gas pipeline from the EU to the regulations governing the energy markets.
3) the North Face joined Facebook advertising boycott to protest against the misinformation. The company said that it would be pulling advertising from the site in the context of a ” pause “, organized by a collection of US civil rights groups.
4) a National network has challenged Trump over new emissions rules. National grid is preparing for a battle with the Trumpet of the administration on vehicle emissions rules that favour the petrol-electric cars.
5) Babcock grounds the helicopter to the division after the “nightmare” years. Six years ago the purchase of Avincis, has been trumpeted by Babcock. But its financial results have been weighed down by business aviation.
What happened to the night
Asian shares were mixed as WE to the end of putting aside the concerns about the rise of the coronavirus in the number of cases in the country of the united states, Australia, Monday, but low volumes of transaction suggests a lack of conviction. The price of gold rose.
S&P 500 index contracts reversed a slide of as much as 1pc to the rise of the Asian session progressed. A lot of the Asia-Pacific region, indices were also in the green, while Hong Kong plunged in the wake of China’s latest moves on a national-security law. Treasuries were little changed, as was the dollar. Crude oil hovered below $40 a barrel in New York.
Australian shares reversed early decline, as have the local dollars, in the wake of Victoria clamp of the population of the state of restrictions due to the cost case. In the united states, the state of California has registered new cases and the Florida infections have jumped by more than the weekly average. China’s Beijing epidemic seemed to fade, however.
No FTSE 350 companies are due to report
CBI Industrial Trends (UK), consumer confidence (euro-zone), existing home sales (united states)