Chinese automaker BYD is selling more luxury electric sedans a month than the leading start-ups in the country, even though overall sales fell last year.
10-year Treasury yield tops 1% for the first time since March amid Georgia runoff elections
The benchmark rate breached the key psychological level amid the Senate runoff races in Georgia.
UK PM Johnson: The end of lockdown will not be a big bang, will be a slow unravelling
Remarks by UK prime minister, Boris Johnson, in parliament
– Schools will be the first to reopen
– That moment may come some time in mid-February
Johnson is largely trying to manage expectations as the UK sees a national lockdown until 15 February at the very least currently. There is plenty of talk that this could even extend
– Schools will be the first to reopen
– That moment may come some time in mid-February
Johnson is largely trying to manage expectations as the UK sees a national lockdown until 15 February at the very least currently. There is plenty of talk that this could even extend
Heads up: BOE governor Bailey to speak later in the day
Bailey is scheduled to speak at 1400 GMT today
He will be presenting the financial stability report (FSR) to the Treasury select committee in parliament later in the day. Hence, given the backdrop, I wouldn’t expect him to touch on monetary policy all too much. But just a heads up in case.
He will be presenting the financial stability report (FSR) to the Treasury select committee in parliament later in the day. Hence, given the backdrop, I wouldn’t expect him to touch on monetary policy all too much. But just a heads up in case.
German health minister says expects Moderna coronavirus vaccine to be approved today
Comments by German health minister, Jens Spahn
This has been in the works for a while now, with the EMA expected to announce its decision some time today. They have sped up its usual authorisation procedures after having come under pressure from bloc members amid the messy vaccine rollout.
This has been in the works for a while now, with the EMA expected to announce its decision some time today. They have sped up its usual authorisation procedures after having come under pressure from bloc members amid the messy vaccine rollout.
AUD/USD climbs to fresh highs since March 2018 as dollar fails to find shelter from higher yields
AUD/USD trades to a high of 0.7815, the highest level since March 2018
The market continues to stick with the reflation narrative on the session and that is leading to equities climbing higher after earlier on.
The market continues to stick with the reflation narrative on the session and that is leading to equities climbing higher after earlier on.