FTSE climbs to ease US-China tensions – Live updates


gHello. European equities are expected to start the week in the green on signs of a thaw in US-China tensions.This comes amid reports that The White House is privately seeking to reassure U.S. companies that they can still do business with the WeChat messaging app in China.

Meanwhile, cases of the virus continue to climb in Europe, with France reporting nearly 5,000 new cases on Sunday – the biggest increase in one day since mid-April.

5 things to start your day

1) The Treasury denies that the digital services tax could be removed. Number 11 rushed to pour cold water on claims it may be on the verge of removing the digital services tax on big tech after reports over the weekend.

2) UK investors are among the hardest hit in the world. The coronavirus pandemic has wiped out $ 108.1 billion, a record 22%, in dividend payments around the world, according to Janus Henderson.

3) A Vote Leave AI company has been awarded a new contract with the government. The faculty will work with the Department of Business, Energy and Industrial Strategy to map the impact of the coronavirus on businesses.

4) Veridium appoints new CEO to lead expansion. The company backed by Michael Spencer will increase its footprint in Europe and the United States as it plays a role in the growing biometrics market.

5) Huwaei downsized his London finance team as his relationship with the UK deteriorated. The Chinese telecommunications company revealed that the number of people working at Huawei Global Finance was on the decline at the end of last year.

What happened during the night

Asian markets rose on Monday, following another record on Wall Street. Hong Kong led the gains, rallying 1.7%, with traders also being cheered by the Chinese banking regulator’s pledge to continue supporting the city as a financial center. Shanghai added 0.4% and Tokyo added 0.3%. Seoul accumulated more than 1% and Taipei gained 0.5%. Sydney, Singapore and Wellington were also in positive territory.

Coming today

Intermediate results: Bunzl


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