European markets slip on further Covid restrictions

The FTSE has opened down 1 as the UK government announced further stricter regional lockdown measures, this time in the Greater Manchester area from tomorrow. Interestingly there are some bright spots in some of the most beleaguered sectors such as financials, industrials and travel as the US inches closer to agreeing a fiscal stimulus package. Standard Chartered tops the FTSE up 2.5, Rolls Royce and International Consolidated Airlines are up 1.5 each. Trump indicated he was willing to accept a higher value aid package than previously stated, going against his own Republican party stance, nevertheless it has left investors cautiously optimistic that a deal could be making progress.

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