FTSE stabilizes after worst sell since June – live updates

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gHello. European markets are expected to stabilize after their worst sell-off since June Monday.Keep an eye on hospitality stocks, however, as Boris Johnson is expected to announce new restrictions on pubs and restaurants in England, including strict 10pm curfews.

5 things to start your day

1) We Can Beat Covid Without National Lockdown, Top German Virologist Told Ambrose Evans-Pritchard

2) The Hype: As Tesla holds its “battery day” today, investors are more skeptical than ever about electric cars.

3) Facebook warns it may have to withdraw from Europe: US giant says over 410 million people could lose access to its services following court data protection ruling European justice system.

4) Why Rishi Sunak should follow Trump’s lead and increase unemployment benefits

5) A trade deal with the United States deemed unlikely ahead of presidential elections as Britain’s quest for trade deals takes it into rough seas

What happened during the night

Asian stocks extended their losses for the second day of Tuesday as the dollar rose as possible delays in the broader US stimulus and concerns over further pandemic lockdowns in Europe rocked investor sentiment.

Hong Kong shares of HSBC and Standard Chartered fell more than 2% each, as global banking stocks remained under intense pressure over reports that financial institutions transferred illicit funds.

UK lenders HSBC and StanChart were among the global lenders cited as having transferred more than $ 2 trillion in suspicious funds over nearly two decades.

Hong Kong’s Hang Seng lost 0.3 pc to 23,894.72 and South Korea’s Kospi fell 1.7 pc to 2,348.24. The S & P / ASX 200 in Australia lost 0.6 pc to 5,787.00 and the Shanghai Composite Index fell 0.1 pc to 3,312.88.

Tokyo markets were closed for a national holiday.

Coming today

Intermediate outcomes

AG Barr, Kingfisher

Economy

CBI Industrial Trends Survey (UK); consumer confidence (euro zone); sales of existing homes (United States)



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