London stocks kicked off the new year in style as investors welcomed monetary stimulus from the Chinese central bank, which helped to offset cautiousness among some analysts.
Stocks on the Continent continued pushing higher in the new year, with banking and technology names in the lead following news of central bank easing in China and that the US would sign its phase-one trade deal with Beijing on 15 January.
The focus at the end of the week will shift back towards central banks as the US Federal Reserve publishes the minutes of its most recent policy meeting.
US stocks opened higher on the first day of 2020 thanks to some encouraging news out of China.
Tesla is set to start delivering its first Chinese made Model 3 vehicles to the public on 7 January at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday.
BAE Systems's contract to supply the US Army with long-range artillery units and their associated munitions carriers is set to win approval in January to begin full-rate production following the improvements put in place on the $10. 0bn program.
Mining company Vast Resources has submitted a drawdown request for the first tranche Issuance to Atlas Capital Markets, it announced on Thursday, in accordance with the terms and conditions of the bond issuance deed.
Craven House Capital issued an unaudited investment update for the six months ended 30 November on Thursday, reporting that the value of its shareholding in Craven Industrial Holdings - its principal wholly-owned investment holding company - had decreased to $20. 5m from $27. 4m during the period.
Star Phoenix said on Thursday that it had begun a new sale process for four drilling rigs and related equipment after terminating talks with a potential buyer.
Alternative asset manager Gresham House has sold its first material battery storage development project to Gresham House Energy Storage Fund (GRID), it announced on Thursday.
Analysts at Jefferies reiterated their 'buy' recommendation and 310. 0p target price for shares of Tesco in anticipation of an upbeat third quarter trading update and for over Christmas from the grocer, the possibility of quick progress on disposing of its Asian assets and a greater willingness on the part of investors to engage with UK assets thanks to a "better-managed" Brexit process in 2020.
Waste gas-to-energy technology company Eqtec announced on Thursday that the legal documentation allowing the financial close of the proposed construction and operation of a 2MW biomass plant by North Fork Community Power (NFCP) had been finalised, and was signed on 31 December.
Energy storage and clean fuel company ITM Power was upbeat on Thursday, following an announcement from HyDeploy that the UK's first pilot project to inject zero carbon hydrogen into a gas network to heat homes and businesses was now fully operational.
Train operating company Northern was faced with its most serious threat yet from Westminster on Thursday - that it could lose its franchise.
Stocks on the Continent continued to push higher at the start of the New Year higher following news of central bank easing in China and that the US would sign its phase-one trade deal with Beijing on 15 January.
The number of Americans filing for unemployment benefits fell last week, according to figures released by the Labor Department on Thursday.
The presidents of Greece, Cyprus and Israel were expected to sign an agreement on Thursday to build the Eastern Mediterranean natural gas pipeline, with Italy's leader reportedly expected to do the same at a later date.
Crypto-mining firm Argo Blockchain tapped Peter Wall to take over as chief executive on Thursday, taking over from co-founder Mike Edwards.
Most markets in Asia finished in positive territory on Thursday, as fresh data showed China’s manufacturing activity remained in expansion in December.
US futures had stocks opening higher on the first day of 2020 thanks to some encouraging news out of China.
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