FTSE slips as investors await Rishi Sunak’s wage subsidy package – live updates

FTSE slips as investors await Rishi Sunak's wage subsidy package - live updates

Ggood morning. The FTSE 100 Index is set to decline again as more European countries tighten coronavirus restrictions in an attempt to slow the rise in infections.

In France, bars and restaurants in Marseille and Aix-en-Provence will be closed while gatherings of more than 10 people will be banned in Paris and bars will have to close early.

Meanwhile, all eyes will be on Chancellor Rishi Sunak at 12:30 p.m. today as he presents a new billions of pounds subsidy package in the House of Commons, which is expected to include wage subsidies, VAT cuts and new loans.

5 things to start your day

1) City centers face more pain The employers reversed plans to return workers to the office. PwC, HSBC, Goldman Sachs, Citigroup, Deutsche Bank and Lloyds have all changed course due to changing government directives.

2) The Bank of England rejected a communication That hedge funds paid for a concession at press conferences, a year before the case erupted into a public scandal.

3) Ryanair CEO, Michael O’Leary, says Winter reservations collapsed, He criticizes the government’s “inept” response to the virus.

4) Designer Paul Smith says pandemic It is the worst challenge he faced In 50 years in the industry, realtors are calling for understanding.

5) Asda brings back the back door guards To fight a second wave, With 1000 workers stationed in stores and outside, reminding people to wear face masks.

What happened overnight

Asian stocks retreated Thursday after falling on Wall Street overnight, as a series of warnings from US Federal Reserve officials highlighted investor concerns about the resilience of the economic recovery.

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US Federal Reserve Vice Chairman Richard Clarida said on Wednesday that the US economy is still in a “deep hole” of unemployment and weak demand, and called for more fiscal stimulus, indicating that policymakers “will not even begin to think” of raising interest rates. Until the inflation reaches 2 pieces.

The MSCI Asia Pacific Index of stocks outside Japan fell 1.35 percent in the morning session on the back of broad losses across the region.

Leading Chinese shares fell 1.09 percent, Hong Kong’s Hang Seng Index fell 1.72 percent, the Kospi in Seoul fell 1.73 percent, and Australian shares fell 1.18 percent. Japan’s Nikkei index fell 0.74%.

The second wave of coronavirus infections in Europe threatened the economic recovery in the region, pushing stocks lower and supporting the dollar as a safe haven.

On Wednesday, the Dow Jones Industrial Average fell 1.92 percent, the S&P lost 2.37 percent and the Nasdaq Composite index fell 3.02 percent.

Is coming today

Interim results

Cineworld, Funding Circle, Pendragon, SIG

A whole year

DFS Furniture, Go-Ahead, Smiths

Economics

CBI Distribution Trade Survey (UK); IFO Business Climate Index (Germany); Unemployment claims (US)

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