FTSE falls as European rally dies out – live updates


gHello. The FTSE 100 is expected to open in the red after its tech rally ends. The blue chip index should open at 0.26 pc.

Meanwhile, investors will be closely following a meeting of the European Central Bank where it announces its latest decision on interest rates, while the latest US unemployment report comes out in the afternoon and is expected to show a drop. complaints.

5 things to start your day

1) BT to sting families affected by Covid with rising prices: In the face of the stock price collapse and a yawning pension deficit, BT will pass the cost of better broadband on to customers.

2) House price growth reaches its highest level in four years – except in London: the stamp duty holiday period has boosted demand, while supply is still close to all-time lows – leading to higher prices.

3) LVMH drops $ 16 billion buyout of Tiffany: In response, Tiffany filed a lawsuit against LVMH in an attempt to push through the deal.

4) Tesco is testing drone grocery delivery: The supermarket unveiled its Red Door project for start-up locations to help modernize the chain.

5) Brewdog boss attacks Boris Johnson over green pledge: Despite operations affected by Covid-19, Brewdog is hoping to debut on the stock market next year.

What happened during the night

Asian stock markets broke their longest losing streak since February on Thursday and rose after a rebound on Wall Street, although moderate trading in currency, commodities and bond markets suggested investors remain cautious about perspectives.

The MSCI’s largest Asia-Pacific stock index outside of Japan gained half a percent, moving away from the one-month low on Wednesday.

Japan’s Nikkei rose 0.5%, and the Shanghai and Hong Kong markets opened higher. But pressure has returned to the price of oil amid concerns over weak demand, a harbinger of weaker global growth.

An overnight rally in riskier currencies has also come to a halt, as forex traders seek the tone of the European Central Bank when it meets later Thursday to guide the next move for the euro, dollar and the market in general.

Coming today

Intermediate outcomes Energean, Forterra, Morrisons, Saga

Full year Dunelm, rank

Commercial declaration Safestore

Economy Royal Institution of Chartered Surveyors Housing Survey (UK); European Central Bank monetary policy decision (euro zone); industrial production (France, Italy); jobless claims (United States)


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