Two Fifteen

Two Fifteen – 14 December 2020

With the EU and UK extending Brexit talks once again, the waiting game was always going to be back. Boris Johnson and Ursula von del Leyen both have said they are ready to go “an extra mile” to reach a deal so let’s see what the next update turns out to be. Markets signalling some sort of hope today with all EU indices trading well in the green (SXXP +1%). FTSE 100 underperforming its peers but still holding support (6514 / 6463). Keep an eye on it though – Matt Hancock is set to confirm whether London will go into Tier 3 at 3:30 GMT. Volumes not showing much conviction though with EU indices all trading down -16% vs Friday and -20% vs the last 20 days. Note we have the last quad witching of the year on Friday so hopefully things pick up as the week progresses.

The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.

Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.