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Dow Futures Rise 176 Pts; Push to Speed up Vaccine Rollout

By Peter Nurse    Investing.com - U.S. stocks are seen opening higher Monday, continuing last year’s positive momentum as investors look to the rollout of Covid-19 vaccines to promote a broad economic recovery.  At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 176 points, or 0.6%, S&P 500 Futures traded 22 points, or 0.6%, higher, and Nasdaq 100 Futures climbed 66...

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China says opposes U.S. politicizing trade issues on U.S. delisting of Chinese telcos

BEIJING (Reuters) - China said on Monday it firmly opposes the United States government's behaviour of politicizing trade issues after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties. Beijing will adopt the necessary measures to safeguard the legal rights of Chinese companies, foreign ministry spokeswoman, Hua Chunying, told a regular news briefing....

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UK health minister defends reopening of schools in some areas

LONDON (Reuters) - Britain's health minister defended the decision for schools to reopen in some areas despite the country's high coronavirus infection rate, saying that the government was following public health advice and that schools in those areas were safe. "It's also clear that the proportion of teachers who catch coronavirus is no higher than the rest of the population," Matt...

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Daily Briefing: New Year. Same old market moves

By Tommy Wilkes LONDON - Investors look to have started 2021 looks much like the end of 2020 -- stocks have resumed their ascent as traders cling to hopes for a speedy rollout of COVID-19 vaccines even as a surge in new cases heralds tighter restrictions and economic damage. One big change? The yuan surged 0.8% against the dollar after the People...

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Hyundai, Kia expect auto sales rebound in 2021 after two straight years of declines

By Heekyong Yang SEOUL (Reuters) - South Korea's Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global vehicle sales will jump 11.5% in 2021 after sliding for two consecutive years. Their target of 7.08 million vehicles comes after the coronavirus pandemic sent sales last year tumbling 12% to a decade low of 6.35 million vehicles. That result is...

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Tesla shares set to start 2021 at record high

(Reuters) - Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a meteoric rally that has seen the stock surge more than 700%. It delivered 499,550 vehicles last year, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data, but 450 units short of Chief Executive...

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Top Peugeot shareholders approve merger with Fiat

PARIS (Reuters) - The main shareholders in Peugeot owner PSA gave the green light on Monday to the group's merger with Fiat Chrysler (FCA), one of the last steps towards creating the world's fourth largest automaker. At a special shareholder meeting, the deal to form Stellantis, the new company, was backed by more than 99% of the votes cast by investors...

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South African variant bigger risk than UK variant – UK’s Hancock

LONDON (Reuters) - The new variant of the COVID-19 virus identified in South Africa is even more of a risk than the highly infectious UK variant, British Health Secretary Matt Hancock said on Monday, adding that it was a "very significant problem". "I'm incredibly worried about the South African variant, and that's why we took the action that we did to restrict...

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German manufacturing picks up steam despite lockdown disruptions – PMI

BERLIN (Reuters) - German factories churned out more goods in December despite a stricter lockdown to head off a spike in coronavirus deaths in Europe's largest economy, a survey showed on Monday. IHS Markit's final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the German economy, rose to 58.3 from 57.8 the previous month. The December reading...

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Euro zone companies see productivity boost from pandemic: ECB survey

FRANKFURT (Reuters) - Euro zone companies expect to emerge more efficient from the coronavirus pandemic thanks to greater use of digital technologies and remote working, a European Central Bank survey showed on Monday. The ECB asked 72 industrial and services firms about the long-term impact of the COVID-19 outbreak on the way they operate and the business environment around them. They found...

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