YesOdd in the morning. We will get the latest data on UK inflation this morning, with prices expected to remain somewhat stable in November after reaching the bottom of the first half of the year.
Next, we’ll get readers of the latest Purchasing Managers Index, which will give traders an idea of how traders are performing so far in December.
5 things to start your day
1) The Big Four employs hundreds of members of the Chinese Communist Party: Britain’s Big Four Accountants employs more than 2,000 CCP members, including at least one partner from each organization.
2) Ounce hits taxpayers from 26 billion bounce back loan project: Defects in the Treasury’s “miserably underdeveloped” rescue loan project will cost taxpayers up to £ 26 billion, MPs have warned.
3) Economists warned that the job crisis could lead to Farlow’s expansion: Sunak could be forced to extend the taxpayer-funded fallow scheme beyond March after unnecessary record increases, experts warn.
4) Basra has warned of a ‘slaughter’ in the new year as a job loss reduction record: Pub and restaurant executives have warned of a job “slaughter” in the new year as unofficial record levels hit, according to official figures.
5) French bank turning 75,000 does not have to pay the person who fired him: The Society General has been told that no employee should be fired for failing to work after a three-year sabbatical.
What happened overnight
Asian stocks were significant on Wednesday, and expectations of an effective coronavirus vaccine and the growing prospect of further financial stimulus in the U.S. encouraged investors ahead of the Christmas holiday season as the dollar weakened.
There were signs of positive momentum in one sign, Eurostex 50 futures and Germany’s Dex futures were up 0.1 pcs, London FTSE futures were up 0.0 pcs.
The broader MSCI index of Asia Pacific shares outside Japan rose 0.8pc two days after the loss.
The index, hovering near record highs, rose to 3.8pc so far in December and is on track for its best annual performance since 2017, thanks to stimulus from liberal governments and central banks around the world.
Shares of Australia rose 0.8 pc while South Korea’s KOSPI added 0.4pc and Japan’s Nikkei added 0.2pc.
China’s blue-chip CSI 300 index added 0.15 pc and Hong Kong’s Hang Seng index rose 0.86pc.
Corporate: Dixon Carphone (Interim results); Petrofac (Business statement)
Economy: Inflation (UK), Flash PMI (United Kingdom, Eurozone, Germany, France, USA), Retail sales, FOMC announcement (Us)