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Week ahead: Spending Review, euro area PMIs
Financial markets' focus over the coming week will be on Wednesday's Spending Review and updated economic forecasts from the Office for Budget Responsibility.
Europe close: Stocks end week on the up, despite analysts' caution
European stocks were firmer at the end of the week and heading into the Thanksgiving holidays Stateside, although some analysts appeared to be decisively cautious.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
FDA grants EUA for Eli Lilly treatment in conjunction with Remdesivir
The Food and Drug Administration has granted Emergency Use Approval for baricitinib, a treatment for Covid-19 developed jointly by Eli Lilly and Incyte, in combination with Gilead Sciences's remdesivir.
Pfizer and BioNTech file for emergency use approval of Covid-19 vaccine with FDA
Pfizer and BioNTech have filed for Emergency Use Authorisation with America's drug regulator for their Covid-19 vaccine candidate, BNT162b2.