FTSE holds on to 7,000 points as pound nears $1.39 – live updates

FTSE holds on to 7,000 points as pound nears $1.39 – live updates


Good morning. Traders are waiting to see whether the FTSE 100 will hold on to 7,000 points having broken the threshold on Friday.  

5 things to start your day 

1) Almost one in four want to work from home forever: Deloitte survey finds 7.5m employees never want to go back to the office, but slightly more are desperate to get back to their workplaces.

2) Leon bought by billionaire Issa brothers for £100m: Takeover of healthy fast food chain by EG Group follows the £6.8bn swoop on Asda and attempt to win control of Caffe Nero.

3) Producers fear Ofcom meddling could scupper streaming deals: The regulator’s decision to review the sector’s trading terms could chase money away from British companies, industry bosses have warned.

4) Biden warned corporate tax plan could backfire: The rise of consumers in China and India will shift tax revenue away from the US and West, tax experts warned.

5) Staff get ‘sensitivity’ training before calling in Covid debts: Hundreds of workers at banks including HSBC, NatWest and Metro Bank are understood to be receiving training.

What happened overnight 

Asian shares were mixed on Monday amid cautious optimism about a global rebound from the coronavirus pandemic.

Japan’s benchmark quickly lost early gains and fell 0.1pc to 29,642.79, the first market reaction after a summit by Prime Minister Yoshihide Suga with President Joe Biden over the weekend.

Australia’s S&P/ASX 200 gained 0.4pc to 7,093.20, while South Korea’s Kospi added 0.4pc to 3,212.41. Hong Kong’s Hang Seng lost 0.4pc to 28,856.21. The Shanghai Composite inched down 0.1pc to 3,421.96.

Coming up today

Corporate: None

Economics: Rightmove monthly house price index (UK), construction output (EU), current account (EU)

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