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Five Things You Need to Know to Start Your Day

Get up to speed with what's moving markets

Photographer: Daniel Roland/AFP via Getty Images

Good morning. The mutated virus has likely spread beyond the U.K., Brexit trade talks aren't offering much progress and U.S. President Donald Trump provided some confusion on pandemic relief. Here’s what’s moving markets.

Just like the first strain, the new variant of Covid-19 is unlikely to have been contained for long. The mutation with U.K. origins is possibly already in Germany, France and the U.S., health officials in those countries said. Other nations are reacting accordingly: Ireland will effectively ban inter-county travel, Sweden is to enact new laws that give it the right to close businesses, and Switzerland, meanwhile, is trying to track down about 10,000 Brits who entered the country recently. There was positive news though, as BioNTech's boss said the firm's vaccine made with Pfizer will probably work against the new strain.