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Wall Street Week Ahead: Investors bullish on stocks, hoping for a brighter 2021

By Saqib Iqbal Ahmed NEW YORK (Reuters) - U.S. stocks are closing 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever. Risks abound, including a resurgent coronavirus pandemic, concerns about the speed of rollout of vaccines and...

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London stocks fall on wider lockdowns; Britain exits EU’s orbit

(Reuters) - London stocks fell in thin trade on Thursday as the United Kingdom widened restrictions to stem a new variant of the coronavirus that is raging across the country, and as it exits the European Union's orbit for an uncertain Brexit future. The blue-chip FTSE 100 lost 1.6%, on course to end the year down more than 14% and underperforming its...

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UK Stocks-Factors to watch on Dec 31

Dec 31 (Reuters) - Britain's FTSE 100 futures index FFIc1 was down 0.68% on Thursday. ALDI: Britain's fifth-biggest supermarket Aldi on Wednesday said it plans to increase the amount of food and drink it buys from British suppliers by 3.5 billion pounds ($4.77 billion) within the next five years as the company continues its rapid expansion across the United Kingdom. COVID-19: The EU...

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Transport firm FirstGroup sells three Greyhound facilities for $137 million

(Reuters) - British transport operator FirstGroup Plc said on Thursday it had sold three properties related to its Greyhound bus service for $137 million as it looks to cut costs from the struggling U.S. intercity business. The company sold a garage and customer terminal facility in Los Angeles, California, and two other facilities in Denver, Colorado, FirstGroup said, adding that it had...

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Exclusive: Chinese regulators probe Ant Group’s equity investments – sources

By Julie Zhu HONG KONG (Reuters) - Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma's financial technology empire. Regulators are considering whether to instruct Ant to divest some of its investments, mainly in technology and fintech start-ups, if they...

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Vaccines, stimulus set tone for 2021 as year ends on bullish note

By Naveen Thukral and Gavin Maguire SINGAPORE (Reuters) - Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic. Roll-outs of vaccines to combat the virus and trillions of dollars' worth of fiscal support are expected to boost investment and...

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Asian shares hover near record high, risk currencies in favor

NEW YORK (Reuters) - Asian shares are set to end a tumultuous 2020 by hovering near record highs on Thursday while riskier currencies cruised near 2-1/2-year peaks, buoyed by hopes that COVID-19 vaccine rollouts will help the world beat the pandemic. The upbeat mood, reflected in overnight gains on Wall Street, drubbed the "safe-haven" dollar and drove currencies such as the euro,...

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ECB will raise interest rates if needed, but shift can take some time – Weidmann

BERLIN (Reuters) - Bundesbank President Jens Weidmann warned euro zone governments forced to increase public debt to support their economies during the coronavirus pandemic not to expect the European Central Bank to keep interest rates low forever. "We will not take into consideration sovereign debt servicing costs if price stability mandates higher interest rates," Weidmann, a member of the ECB's Governing Council,...

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Japan awarded more than 100 contracts over 10 years to Dentsu-linked non-profit groups

By Ju-min Park, Sakura Murakami, Mari Saito and Antoni Slodkowski TOKYO (Reuters) - The Japanese government has awarded more than 100 contracts over the last decade to two non-profit groups set up by Dentsu Inc, according to a Reuters analysis of government data, in arrangements that some opposition lawmakers say obscured the role...

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