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Thursday,26 March 2020 at 08:31

UK and European markets opened lower ahead of upcoming U.S. jobless claims data. 


Stocks in Asia were mixed as investors awaited the release of U.S. jobless claims data. 

The U.S. dollar fell against the Japanese yen in advance of data expected to show a surge in U.S. claims for unemployment benefits as companies lay off workers due to the rapid spread of the coronavirus. 

Oil prices were lower. 

Gold prices fell as investors opted for liquid cash. 

In corporate news, Weir Group is scrapping its dividend and cutting costs to withstand declining demand caused by the Covid-19 crisis. 

Airport food concession operator SSP cancelled its interim dividend, cut jobs and said it was in advanced talks with the UK government on a financial support package as European revenues slumped by 80% due to the coronavirus.

Markets
08:23 GMT
FTSE 100 5,504 (-3.24%)
FTSE 250 14,557 (-1.77%)
DAX 9,709 (-1.66%)
the close
Dow Jones 21,200 +2.39%
S&P 500 2,475 +1.15%
NASDAQ 7,384 (-0.45%)
Fixed Income
UK 10-YR YIELD 0.41
Exchange Rates
GBP/USD 1.190
GBP/EUR 1.089
Commodities
Gold $1,600 (-0.62%)
Brent $26.35 (-4.22%)
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.
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