- Brexit talks remain stuck
- US stocks fall from record highs
- Investors wait on US stimulus package
Majority of the European indices finished today's session slightly lower, as investors are still waiting for a breakthrough regarding the post-Brexit trade deal. Yesterday, European Commission President Ursula von der Leyen said that "big differences remain", in particular on fisheries, and "bridging them will be very challenging." Today European Union Brexit negotiator Michel Barnier said that there was a chance of getting an agreement but the path to such an agreement was very narrow while UK PM Boris Johnson continued to signal that a no deal continued to be a “very likely” outcome.
US indices fell from record highs in the previous session, amid lack of progress regarding stimulus negotiations. Package is not likely to be agreed until the weekend, although both sides confirmed that a deal is within reach and that they won't leave for their holiday recess until a deal is in place. Meanwhile, FDA advisory panel approved the emergency use of Moderna’s coronavirus vaccine, paving the way for second vaccine approval. On Monday, Tesla will be officially included in the S&P 500 index. Investors expect increased volatility as around 129.9 million shares will need to be purchased to add to the S&P 500.
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Create account Try a demo Download mobile app Download mobile appUS crude futures are trading 1.20% higher at $ 48.93 a barrel, while Brent contract rose nearly 1% to $ 52.00. Elsewhere, gold futures fell 0.14% to $ 1,883.16 /oz, while silver is trading 0.70% near $25.87/oz.
