FTSE 100 seen on the up ahead of Johnson's Christmas announcement

FTSE 100 seen on the up ahead of Johnson's Christmas announcement

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The FTSE 100 is expected to climb on Tuesday ahead of an expected announcement later in the day from Prime Minister Boris Johnson about the UK’s full plan for Christmas. London’s blue chip benchmark has been tipped to rise 28 points on the IG spreadbetting platform, a day after closing down 17.6 points or 0.3% at 6,333.84 at the start of the week. Wall Street was on the front foot overnight, with all three major stock market indices closing higher as traders took encouragement from the positive coronavirus vaccine news from the Oxford University trials, news that the White House transition was formally beginning and that Joe Biden wants to appoint former Fed chair Janet Yellen to the role of Treasury Secretary. The Dow Jones finished up almost 328 points or 1.1% at 29,591.27, while the S&P 500 added 0.6% and the Nasdaq Composite was nudged up 0.2%. Asian markets are mixed on Tuesday, with the Nikkei up 2.5%, the Hang Seng up 0.1% but the Shanghai Composite down 0.4%. Back in the UK, After Downing Street confirmed yesterday that England’s lockdown will end next week but, but a new tougher three-tiered system, today he is expected to confirm the full details of a four-nation approach across the UK following a meeting with the devolved leaders. Around the markets Pound up 0.1% at US$1.3336 Brent Crude Oil up 1.2% to US$46.60 Gold down 0.5% to US$1,827.81  6.45 am: Early Markets: Asia / Australia Stocks in Asia-Pacific markets were mostly higher today as investors in the region reacted to AstraZeneca’s statement on Monday that its COVID-19 vaccine developed along with the University of Oxford could be around 90% effective under a one-dosing regimen. Japan’s Nikkei 225 led the gains by surging 2.5% while South Korea’s Kospi added 0.50%. Mainland Chinese stocks were an exception with the Shanghai composite dipping 0.36% even as Hong Kong’s Hang Seng gained 0.09%. In Australia, the S&P/ASX 200 rose 1.26% as the country’s iron ore exports reached a record high of A$10.9 billion in October. READ OUR ASX REPORT HERE Proactive Australia news: Kingston Resources Limited (ASX:KSN) (FRA:RZZ) has taken an important step towards becoming a low-cost, mid-tier gold producer in the Asia-Pacific region with the completion of a positive pre-feasibility study (PFS) for its flagship 100%-owned Misima Gold Project in Papua New Guinea. Alta Zinc Ltd’s (ASX:AZI) (FRA:8EE) managing director Geraint Harris will outline the company's progress and plans at the Gorno Zinc Project and Punta Corna Cobalt Project in northern Italy during a 45-minute online webinar on Thursday, November 26. Tyranna Resources Ltd (ASX:TYX) has started exploration, including a comprehensive soil sampling campaign, at the Dragon & Knight Project in Western Australia. Adherium Ltd (ASX:ADR) has signed an agreement with Monaghan Medical Corporation to support the introduction of its Hailie® asthma and respiratory treatment platform and technology into specialist respiratory centres in the United States. Proactive hosted a Gold Webinar today which saw three resource companies – Nexus Minerals Ltd (ASX:NXM), Twenty Seven Co Ltd (ASX:TSC) and Mako Gold Ltd (ASX:MKG) - outline objectives for the year and upcoming plans for 2021 as they aim to capitalise on strong gold market fundamentals. Lake Resources Ltd’s (ASX:LKE) is making considerable progress with its strategy to sustainably produce the cleanest quality lithium carbonate at scale for use in the fast-growing battery market. Australian Vanadium Ltd (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) has started geotechnical diamond drilling at Gabanintha Southern Resource blocks 50 and 60 of the Australian Vanadium Project to gather data for metallurgical and geotechnical purposes. Anteris Technologies Ltd (ASX:AVR) is well on the way to achieving its operational goal for 2020 of completing the study of its proprietary DurAVR™ Transcatheter Heart Valve.

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