Today, the UK has become the first country to give authorisation to a coronavirus vaccine, which will hopefully be available within a few days.
UK and European stocks are flat or lower this morning following overnight US futures which have given back some of Tuesday’s gains.
UK and UE negotiators are working to beat the clock and find a mutually agreeable post-Brexit trade deal.
In the US on Tuesday, a new stimulus proposal from the Democrats was rejected by Senate Majority Leader Mitch McConnell, backed by Donald Trump. Even so, investors are hopeful a new package will be agreed soon and Wall Street extended its recent gains. Positive manufacturing data from China also helped lift sentiment. With the recent risk-on tone, the US dollar continued its decline on Tuesday with money managers increasing their short bets to extreme levels.
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