Mon. Jan 25th, 2021

UK stock market rally accelerates after election – business live

Rolling coverage of the latest economic and financial news


1.49pm GMT

Here’s our news story on the UK”s higher borrowing forecasts, and the deterioration in the UK economy this month:

Related: Boris Johnson’s tax plans face squeeze as public finances worsen

1.20pm GMT

America’s S&P 500 and Nasdaq indices are expected to hit fresh record highs when trading begins in just over an hour’s time.

Relief that the US and China have agreed a preliminary trade deal (although it’s not signed and sealed yet) is lifting the mood on Wall Street.

US Opening Calls:#DOW 28213 +0.27%#SPX 3186 +0.53%#NASDAQ 8539 +0.59%#RUSSELL 1650 +0.76%#FANG 2940 +0.65%#IGOpeningCall @IGSquawk

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