Britain and Australia have agreed the first trade deal to be negotiated from scratch since Brexit, with a formal announcement expected later today, the BBC is reporting.

Good morning. The FTSE is tipped to open higher after Wall Street surged higher in the last hour of trading to close at another record.
Meanwhile unemployment fell to 4.7pc and firms created 200,000 new jobs as the economy opened up, fresh data has shown.
5 things to start your day 
1) Big tech faces scam advert crackdown with post-Brexit powers: Law changes triggered by Brexit could mean the City watchdog takes on big tech over online scams, top FCA official reveals.
2) Britain braced for ‘biosimilar’ boom with copycat drugs rules: UK set to become a more attractive destination for pharma companies after beating EU and US regulators with new guidance on human trials.
3) Pub chiefs warn staff cannot control customers after reopening delay: Beleaguered pub workers cannot be expected to force customers to obey lockdown rules after Boris Johnson delayed the final step of reopening.
4) Covid test maker Mologic set to sue Gov over ‘stonewalling’: Bedford-based firm is preparing to sue the Government over claims “stonewalling” by the state has stopped its kits from being approved.:
5) Bosses face home working clash with staff as new divide emerges: Bosses are on a collision course with staff over a shift to permanent home working as official figures indicate a looming clash when Boris Johnson calls for a return to offices.  
What happened overnight 
Most markets were mixed in Asia on Tuesday as traders struggled to track a record-breaking day on Wall Street, with the Federal Reserve’s next policy meeting later this week in focus.
With Covid vaccines rolling out and businesses reopening in many countries, investors are broadly upbeat, while fears have eased that an expected spike in inflation will force central banks to taper ultra-loose monetary policies.
Hong Kong fell more than one percent as investors returned from a long weekend, with eyes on a nuclear plant across the border in China following a US report of a potential leak.  Shanghai, Seoul, Manila and Jakarta also slipped, though there were gains in Tokyo, Sydney, Singapore, Wellington and Taipei.
Coming up today

• Corporate: Ashtead, Telecom Plus, GB Group (Full year); On The Beach, Oxford Biodynamics (Interim); Bellway, boohoo (Trading statement)
• Economics: Unemployment and wage growth (UK), consumer price index (Ger), trade balance (EU), retail sales, producer price inflation, industrial production (US)