Friday 25 December 2020

Markets rise, Brexit trade deal reached

Markets rose on Thursday.

The S&P 500 rose 0.4 percent, the FTSE 100 rose 0.1 percent and the Nikkei 225 rose 0.5 percent.

The UK and European Union reached an agreement on a trade deal after European markets closed on Thursday. EU Commission President Ursula von der Leyen called the agreement “fair” and a “relief”.

Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown, said that the deal would help fuel a recovery for the UK economy which, if sustained, “could herald in a new Roaring Twenties era”.

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