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Sector movers: Health Care stocks and Banks pace gains
Shares of those firms that are more insulated from fallout of the Covid-19 pandemic paced gains at the end of the week, after the government unveiled a stricter tiered system that would take effect when the latest national lockdown ends on December 2, with tier 3 the most severe.
Europe close: Stocks edge up in light trading, mood more restrained
European shares meandered higher at the end of the week, with a weaker London market dragging on sentiment throughout much of the session as the UK government unveiled tough new post-lockdown measures.
Week ahead: Global manufacturing, US non-farm payrolls
The focus over the coming week will be on global manufacturing sector conditions during the month of November and the US labour market.
Banco Sabadell gives Goldman mandate to sell TSB
Goldman Sachs has been given the mandate to sell Spanish lender Banco Sabadell's UK unit, TSB.
European state aid rules should be eased to help lenders, ECB official says
A top European Central Bank official said state aid rules should be eased and bank deposits protected to help lenders through the Covid-19 pandemic.
Biogen and Sage ink $1.5bn deal to develop anti-depression treatments
Biogen has inked a deal with Sage Therapeutics to jointly develop and sell potentially "breakthrough" treatments for major depressive and movement disorders in the US.