There are now four weeks left until the United Kingdom finally leaves the EU. What if the financial week ended with a stimulus agreement in the United States and a deal between the EU and the UK? One can always dream, but the hundreds of hours of talks are about to come to an end. It remains to be seen what.

As one might expect, Thursday's trading session was like Wednesday's: without much relief. Indexes need to breathe after the sustained rise in November and the proximity of the end-of-year holidays.  Same pattern today, barring any major surprises, despite weaker-than-expected job data. The Labor Department said non-farm payroll employment rose by 245,000 jobs in November after jumping by 610,000 jobs in October.

But this announcement subject to the usual paradox: a better-than-expected situation is not necessarily synonymous with a positive reaction. Indeed, investors sometimes like bad numbers, in this case because they are likely to accelerate the Congressional talks on the stimulus plan.

The end of the week is marked by a return to reality for the triumphant pharmaceutical industry: having a vaccine is good, being able to produce and distribute it is even better. After the euphoria phase, the constraints of the supply chain are looming, with Pfizer announcing that it can only deliver half the dose it expected in 2020.

The other event of the day is the agreement between the members of Opec+ on a slight reduction in production limitation quotas from January. Approximately 500,000 additional barrels will arrive on the market every day. This is less than the 1.9 million daily barrels that could have been produced in the absence of compromise, so the black gold is progressing with Brent close to $50 for the first time since last March. Citigroup raised its short-term projections by USD 3 per barrel after the agreement, with an expected average Brent price of USD 51 in Q1 and USD 53 in Q2.

Indicators today include Orders from German factories, U.S. trade balance and monthly employment figures, along with orders for durable goods.