Futures contracts on the FTSE 100 Index rose 1.3% as of 7:10 a.m. in London.
European Union ambassadors gave the go-ahead to the bloc’s draft free-trade agreement with the U.K., paving the way for the deal to take effect on Jan. 1. The thumbs-up by EU member-country envoys sets the stage for formal approval by the 27-nation bloc’s governments on Tuesday and for a vote by the U.K. House of Commons on Dec. 30.
The pact should give rise to the “unwinding of the uncertainty discount” which has meant U.K. shares have been unloved since the 2016 referendum to leave the EU, Dan Nickols, head of U.K. small and midcap strategy at Jupiter Fund Management, wrote in a year-ahead outlook note prior to the agreement being reached.
Investors poured into U.K. markets on the first full day of trading since a Brexit deal ended years of uncertainty weighing over the nation’s economic future.
The pound climbed, the FTSE 100 Index rose the most in nearly two months and long-dated sterling corporate bonds led peers on Tuesday. Investors are mostly casting aside concerns for now about the agreement, which won’t extend to the financial industry or the U.K.’s critical services sector.
It was the first market open for U.K. stocks and bonds since Britain and the European Union finalized their future trade relationship on Thursday, avoiding the risk of a chaotic divorce this week. Confidence across markets was also spurred by an agreement on U.S. stimulus.
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Events Industry Market 2020-2026 | Growth Opportunities with Prominent Players, Top Regions The market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trends, along with various key insights into the global aerosol cans market research report.
BriefingWire.com, 12/17/2020 - The Events Industry Market 2020 report delivers a fundamental overview of the industry, including definitions, segmentation, applications and industry chain structure analysis. The events industry market report provides competitive landscape analysis, major trends, and key regional development status. It also offers a competitive framework for major revenue-contributing firms covering company market shares with comprehensive profiles. The report provides a key overview of the market status of integration & orchestration middleware manufacturers with market size, share, growth, market expansion, and technologica
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SpendEdge has announced the release of its Global Travel Management Services Market Procurement Intelligence Report (Graphic: Business Wire)
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