Gold Holds Steady Near Two-month High

Gold prices held steady near a two-month high on Monday and the dollar wobbled somewhat after encouraging U.S. jobs as well as Chinese exports data offered fresh evidence that the global economy is well on the recovery track.

Spot gold was little changed at $1,817.20 per ounce after having hit its highest since Sept. 7 earlier in the session. U.S. gold futures were up 0.1 percent at $1,818.40.

U.S inflation data takes center stage this week after better than expected employment data from the U.S. forced investors to reset rate hike expectations.

A trio of the top policymakers will give speeches, including Fed Vice Chair Clarida, Fed Chair Powell, and Fed Governor Bowman later today.

European Central Bank chief economist Philip Lane said in an interview with a Spanish newspaper published today that surging inflation across the euro zone is a passing problem and not “chronic.”

“This period of inflation is very unusual and temporary, and not a sign of a chronic situation,” Lane told El País hours before the region’s finance ministers gather in Brussels to discuss rising cost of living.

FTSE 100 Little Changed In Early Trade

U.K. stocks struggled for direction on Monday as banks declined, offsetting gains among mining and energy stocks.

The benchmark FTSE 100 was marginally higher at 7,305 after rising 0.3 percent on Friday.

Sirius Real Estate shares tumbled 3.3 percent. The industrial property company has agreed to acquire Helix Investments Limited, the holding company of the Bizspace business, from Värde Partners for a cash consideration of approximately 245 million pounds.

Online gambling firm Playtech rallied 2.1 percent after it received a takeover bid from its second-biggest shareholder.

Drug maker AstraZeneca rose half a percent after receiving the FDA “fast track” designation for its gastritis drug.

Lloyds Bank was modestly lower and Standard Chartered fell over 1 percent as 10-year bond yields hovered near one-month lows.

Miner Antofagasta gained about 1 percent and Glencore rose half a percent after data showed China’s exports remained strong in October.

Oil & gas company BP Plc advanced 1.3 percent and Royal Dutch Shell climbed 1.8 percent, tracking higher oil prices.

Pre-market Movers: AUTL, MYNZ, FATBB, VLTA, TSLA…

The following are some of the stocks making big moves in Monday’s pre-market trading (as of 05.00 A.M. EDT).

In the Green

Autolus Therapeutics plc (AUTL) is up over 32% at $7.37
Mainz Biomed B.V. Ordinary Shares (MYNZ) is up over 23% at $12.36
FAT Brands Inc. (FATBB) is up over 17% at $22.71
Volta Inc. (VLTA) is up over 16% at $10.96
AC Immune SA (ACIU) is up over 16% at $8.55
Gaucho Group Holdings, Inc. (VINO) is up over 15% at $3.66
Bitfarms Ltd. (BITF) is up over 12% at $8.20
Meten Holding Group Ltd. (METX) is up over 12% at $0.70
EVgo, Inc. (EVGO) is up over 10% at $11.03
Evolve Transition Infrastructure LP (SNMP) is up over 10% at $1.35

In the Red

Tesla, Inc. (TSLA) is down over 5% at $1155.94
ReWalk Robotics Ltd. (RWLK) is down over 5% at $1.53
Assertio Holdings, Inc. (ASRT) is down over 5% at $1.44

Deicing your windscreen – is it legal to leave your car idling, can you be fined and how is your insurance affected?

AS temperatures plummet, frost will ice up our cars in the mornings again.

This means motorists could get fined for using a common technique to de-ice their cars – here's everything we know.

Is leaving your car engine idle an illegal way of de-icing your car?

If you leave your engine running while your motor is stationary on the road, it could land you in hot water.

Stationary idling is an offence under section 42 of the Road Traffic Act 1988, which means leaving the car running with the heater on the windscreen is off-limits.

The Act enforces rule 123 of the Highway Code which states: "You must not leave a vehicle engine running unnecessarily while that vehicle is stationary on a public road."

And if a fine's not enough to deter you – or you're lucky enough to have a driveway – there's an even better reason not to leave your car running.

What is the penalty for leaving your car with its engine running?

If you are caught by a copper you will be slapped with a fixed £20 fine – or £40 if not paid within a given time frame.

But never mind the police, leaving the engine going to warm it up or defrost your windscreen while you pop back inside makes your vehicle the ideal target for opportunistic thieves.

Ian King Business Podcast: Transatlantic travel, skills shortage and cricket team to go green

Flights between the UK and the United States return in a major boost for transatlantic trade and tourism – as Ian King finds out how the West Indies cricket team aims to go green by offsetting its carbon emissions.

Viasat To Acquire Inmarsat – Quick Facts

Viasat Inc. (VSAT) has agreed to acquire Inmarsat in a deal valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion, and the assumption of $3.4 billion of net debt. At closing, on a pro forma basis, Inmarsat shareholders are expected to be issued shares representing an aggregate of 37.5% of Viasat stock on a fully diluted basis.

Inmarsat owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a global spectrum portfolio, covering L-band, Ka-band and S-band.

Viasat expects the combined company has the potential for mid-teens percentage revenue and adjusted EBITDA growth with a fully funded path to positive free cash flow.