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Wednesday,25 March 2020 at 16:59
UK and European markets closed higher as investors remained attuned to the coronavirus pandemic.
U.S. markets rose following a historic rally in the previous session as U.S. senators and Trump administration officials reached agreement on a $2 trillion stimulus package.
The dollar rebounded from earlier losses against a basket of currencies as the coronavirus outbreak accelerated across the United States.
Oil prices were lower as the coronavirus pandemic sharply dented U.S. fuel demand in the last week, with traders bracing for further declines.
Gold prices were volatile as markets responded to a $2 trillion U.S. government stimulus package to soften the economic damage of the coronavirus outbreak.
In corporate news, shares of Polymetal jumped to near their 52-week highs, tracking a similar advance for gold.
Among the insurers making the most headway meanwhile were Phoenix Group, RSA Insurance and Legal & General.
JD Sports was also higher after the retailer reassured investors regarding its liquidity position.
At the close
FTSE 100 5,688 +4.45%
FTSE 250 14,819 +4.57%
DAX 9,874 +1.79%
Dow Jones 21,719 +4.90%
S&P 500 2,524 +3.16%
NASDAQ 7,507 +1.21%
UK 10-YR YIELD 0.45
Gold $1,613 (-0.96%)
Brent $27.043 (-2.23%)
This report has been prepared for private circulation. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.