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Stocks Welcome Stimulus That Could Amount to $2trl

EQUITIES

European stock markets are uniformly higher Thursday, with markets advancing on the back of reports that President-Elect Biden could move swiftly with a fresh wave of fiscal stimulus that could amount to as much as $2trl.

The UK's FTSE-100 outperforms slightly, up just over 0.5% while peripheral markets lag slightly, with Spanish, Italian names underperforming. In Europe, energy and consumer discretionary names are top of the table, while utilities and communication services are the sole sectors in the red.

BlackRock have unofficially kicked off quarterly earnings season, beating expectations on both assets-under-management as well as EPS metrics. Wells Fargo, JPMorgan and Citigroup follow on Friday.

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