Ofgem raises energy price cap; markets await US jobs data – business live

Britain’s energy regulator raises cap by almost £100 for 15 million households, as markets wait for non-farm payrolls

8.16am GMT

In other news, the US drugmaker Johnson & Johnson has asked US regulators to approve its Covid-19 vaccine, which unlike other vaccines is a single shot, and would boost scarce supplies.

Last week, J&J said the vaccine had a 66% rate of preventing infections after being tested on thousands of volunteers in a large global trial.

Related: Johnson & Johnson asks FDA to approve world’s first single-dose Covid vaccine

8.12am GMT

European stock markets have opened flat to slightly higher.

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