Germany's main stock index reached a record high on Monday, buoyed by a pandemic recovery package agreed in the US and Britain's Brexit deal with the EU.

The 27 EU member states gave the green light on Monday for the post-Brexit trade deal to go into effect on January 1, a spokesman said.

Britain and the European Union have published the full text of the post-Brexit trade agreement aimed at governing their relationship when the UK definitively leaves the bloc's single market in just five days.

Britain left the EU on January 31, 2020, but ties between the bloc and its former member remained unchanged during a so-called transition period while both sides tried to work out a new trading relationship. 

Spain's coalition government is deeply split over a proposal to shorten the work week to four days to fight high unemployment sparked by the coronavirus pandemic.

Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic.

A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said.

The official gave no specific date or details of what information the investigators would seek from Ghosn.

Tokyo stocks ended nominally lower on Friday after thin trade with overseas investors absent over the Christmas holidays.

Turkey's central bank on Thursday hiked its main interest rate to 17 percent in what economists greeted as a sign that the financially troubled country was embracing monetary orthodoxy once again.

The pound and European stock markets rose Thursday with Britain and the EU finally expected to announce a post-Brexit trade deal.

Sterling was up around half a percent against the dollar and euro in early London deals.