Mon. Jan 25th, 2021

Markets keep rallying after US-China trade deal and UK election – business live

Rolling coverage of the latest economic and financial news

7.55am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Related: ‘Amazing deal’ or ‘capitulation’? Why the US-China trade truce may not last

What the market needs now, though, is clarity around exactly what the deal entails. The longer we have to wait for this detail, the more likely market participants will start to question how good a deal it actually is.”

Related: UK’s biggest firms gain more than £30bn in value after Tory win

On Monday at 9.30am we will restate our March fiscal forecast for @ONS statistical changes. We will not incorporate any other new data, new judgements nor include an update to the economy forecast.

..the resilience of the UK banking system to deep simultaneous recessions in the UK and global economies, a financial market stress, and an independent stress of misconduct costs. Overall, the stress is more severe than the financial crisis.

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