The news comes after European Union diplomats warned Britain on Monday that time was fast running out for a Brexit deal. Britain has been warned that iit may already be too late to ratify a deal, as negotiators in Brussels began a last-ditch attempt to avoid a tumultuous exit at the end of December. However, David Frost the UK’s chief negotiator, has told Boris Johnson to get ready to agree on a deal next week.
FOLLOW BELOW FOR LIVE UPDATES FROM EXPRESS.CO.UK
5pm update: FTSE closes in the red after chaotic day
The FTSE-100 index at the close was down 55.96 at 6365.33.
The blue-chip index was hit by uncertainty over Brexit after yesterday’s hopes of a second vaccine boosted FTSE.
3.45pm update: FTSE recovers slightly
The FTSE-100 index at 3.45pm was down 75.28 at 6346.01, slightly up from 6326.28 an hour earlier.
2.50pm update: US stocks down on opening
Wall Street’s main indexes opened lower as S&P 500 and Dow retreated from record closing highs yesterday.
It comes as the US continues to see rising cases numbers as states struggle to contain the pandemic.
The Dow Jones Industrial Average fell 150.29 points, or 0.50%, at the open to 29,800.15.
The S&P 500 opened lower by 16.60 points, or 0.46%, at 3,610.31 and the Nasdaq Composite dropped 10.78 points, or 0.09%, to 11,913.35 at the opening bell.
2pm update: US retail giant Walmart reports sales increase
Walmart Inc posted a bigger-than-expected increase in quarterly same-store sales.
Sales at US stores open at least a year rose 6.4 percent, excluding fuel, in the third quarter ended October 31.
It comes after analysts had estimated an increase of 4.16 percent, according to IBES data from Refinitiv.
Walmart US eCommerce sales grew 79 percent with strong results across all channels and helped boost same-store sales and profit margins.
CFRA analyst Garrett Nelson said: “Big box retailers could be net beneficiaries from the resurgence of COVID-19 cases due to their e-commerce exposure.”
12.45PM update: Index continues to fall after record Monday rise
The FTSE-100 index at 12.45pm was down 77.36 at 6343.93
10.45am update: FTSE continues to drop
The FTSE-100 index at 10.45am was down 41.83 at 6379.46.
9.00am update: Currency latest
The pound at 9am was 1.3222 dollars compared to 1.3195 dollars at the previous close.
The euro at 9am was 0.8980 pounds compared to 0.8977 pounds at the previous close.
8.45am update: FTSE suffers slow start
The FTSE-100 index at 8:45am was down 20.71 at 6400.58.
8.15am update: FTSE drops while DAX gains
Early markets show the FTSE 100 has dropped eight points after yesterday’s gains off the back of the latest vaccine news.
However, foreign markets are rising. The German DAX is up 4.4 points while the French CAC 40 is up nearly two points.
7.45am update: easyJet hit by first ever losses
Low-cost carrier easyJet has slumped to the first ever full-year loss in its 25-year history as the coronavirus crisis sent it nosediving into the red by £1.27 billion.
The group’s pre-tax loss for the year to September 30 comes after passenger numbers halved to 48.1 million as the pandemic crippled the aviation industry.
It warned it expects to fly no more than around 20% of planned services in the first quarter of its year to next September as a relentless second wave of the pandemic batters demand.
EasyJet’s losses compare with profits of £430 million the previous year.
More to follow…