2) The inflation adjustment will affect the incomes of 10 million private pensions: Experts warn that more than 10 million RPI-related pension income will lose out if Sunak announces a move to a lower inflation gauge on Wednesday.
3) Janet Yellen is set to become the first US Treasury Secretary: Reports say Biden is planning to choose the former Fed chairman when he takes office as the 46th president of the United States in January.
4) How AstraZeneca went from possession target to FTSE Index winner: Six years ago things weren’t looking great for AstraZeneca. Now, the pharmaceutical giant is valued at over 100 billion pounds after its success with Oxford.
5) What the UK “Transferred” Trade Agreement with Canada really means: Previous negotiators, business groups and trade experts say continuity is good but question the economic relevance of the UK-Canada agreement.
What happened overnight
aSian shares rose on Tuesday as US President-elect Joe Biden’s news gave the green light to begin his move to the White House, adding to an already brighter mood of progress on Covid-19 vaccines and the prospects for a rapid global economic recovery.
President Donald Trump wrote on Twitter that he had told his team, “Do what needs to be done regarding the initial protocols.”
S&P 500 futures rose 0.48% in early Asian trade.
An upbeat background helped advance the broader MSCI Asia Pacific Index of stocks outside Japan, up 0.15 pieces. The Australian S & P / ASX 200 was stronger 1.1%, hitting its highest level in nearly nine months, with group energy stocks topping.
Japan’s Nikkei rose 2.48%, while the Kospi in Seoul rose 0.74%. Leading Chinese stocks and Hong Kong’s Hang Seng fell 0.75 percent and 0.08 percent.
Is coming today
Company: Compass, Greencourt, Treat, UDG Interim Results AO World, Kranswick, Penon, Pet House, ICUH, Caledonia Investments (whole year); Intertek, Spectress, CRH (Trading Update)
Economics: US Consumer Confidence (Nov); German IFO Trust Survey.
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