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Thursday,21 May 2020 at 07:26

UK and European stocks opened lower ahead of purchasing manager’s index (PMI) data for the euro zone, which will give an indication of activity in the region’s manufacturing and services industry in May. 


Stocks in Asia Pacific were little changed as investors continue to monitor the reopening of economies amid the coronavirus pandemic. 

Oil prices rose to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut. 

Gold fell pressured by hopes of a swift recovery from the coronavirus-driven recession. 

In corporate news, pub and hotel operator Whitbread said it was raising £1bn in a rights issue to bolster its balance sheet against the impact of the coronavirus pandemic as it warned of a potential loss in 2021. 

EasyJet said it would begin to restart flying on 15 June with extra measures to reduce the risk of infection from Covid-19. The airline announced that it would restart a "small number" of routes where there is enough customer demand. 

AstraZeneca said that it is collaborating with a number of countries and organisations to make the University of Oxford's Covid-19 vaccine “widely accessible”, having concluded the first agreements for at least 400 million doses, and secured total manufacturing capacity for one billion doses so far, with first deliveries set to start in September.

Markets
08:17
FTSE 100 6,021 (-0.75%)
FTSE 250 16,227 (-0.86%)
DAX 11,086 (-1.22%)
the close
Dow Jones 24,575 +1.52%
S&P 500 2,971 +1.67%
NASDAQ 9,375 +2.08%
Fixed Income
UK 10-YR YIELD 0.23
Exchange Rates
GBP/USD 1.219
GBP/EUR 1.111
Commodities
Gold $1,737 (-0.56%)
Brent $36.27 +1.31%
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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