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Markets rally amid relief over US stimulus bill and Brexit trade deal – business live


Rolling coverage of the latest economic and financial news

8.05am GMT

Here’s Associated Press on Japan’s stock market hitting a 30-year peak today:

In Tokyo, the Nikkei 225 jumped 2.7% to 27,568.15, the first time it has traded above 27,000 since August 1990, according to FactSet. The market hit its all-time peak close of 38,915.87 on Dec. 29, 1989.

The benchmark was buoyed by strong gains in heavyweights like Mitsubishi Heavy Industries, which surged 4.6%, apparel maker Fast Retailing, also up 4.6%, and technology and energy company SoftBank, which gained 4.2%.

7.49am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Relief that Donald Trump has signed a $900 billion economic aid package, and that a disorderly no-deal Brexit has been avoided, are driving stock markets towards fresh record peaks today.

Related: Dow hits record high after Trump belatedly signs Covid relief bill

Japanese stocks are at a 30-year high! #Japan #Nikkei225 pic.twitter.com/CCBBuoIZEl

Related: Covid vaccines and $600 payments: key provisions in the US stimulus bill

European Opening Calls:#FTSE 6578 +1.16%#DAX 13880 +0.65%#CAC 5614 +0.45%#AEX 630 +0.34%#MIB 22346 +0.26%#IBEX 8194 +0.48%#OMX 1894 +0.42%#IGOpeningCall

“With the Brexit … and the U.S. stimulus deal now in the rear-view mirror, there is a sense of relief that we have avoided the respective worst-case scenarios,” said Stephen Innes, chief global market strategist at Axi, a broker.

Britain clinched a narrow Brexit trade deal with the EU on Thursday, just seven days before it exits one of the world’s biggest trading blocs.

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