(03 December 2020)DAILY MARKET BRIEF 1:UK Approves Pfizer’s COVID Vaccine

<p>US equities were mixed on Wednesday, with the S&amp;P 500 updating the record high for a second straight session, while the Nasdaq closing in the red. The market was driven by positive COVID vaccine news and stimulus talks. The downbeat private jobs data triggered stronger resistance. Democrats and Republicans in Congress failed to reach consensus on fresh stimulus, though some analysts argue that bad economic reports might urge policymakers to insist on a deal. US House Majority Leader Steny Hoyer said that an agreement might be reached in the next few days. ADP data showed that private payrolls rose less than anticipated last month, as the resurgence of the pandemic forced the US government to introduce new restrictive measures that affected many businesses. On Friday, the nonfarm payrolls report might be decisive in convincing Congress that fresh stimulus is needed. Investor sentiment was buoyed by the latest vaccine news, as the UK was the first Western country to approve a COVID v</p>