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Wednesday,24 June 2020 at 07:32

U.K. and European stocks opened lower as a surge in coronavirus cases in the U.S. and beyond, and regional outbreaks in Germany, spook investors. 


Stocks in Asia Pacific mostly edged higher as Hong Kong-listed shares of Chinese tech juggernaut Tencent breached new highs. 

Gold was higher as demand for the safe-haven asset was boosted by worries over a surge in coronavirus infections. 

In corporate news, oilfield services firm Petrofac said its group order backlog was $6.4bn at the end of May as it continued to suspend full year revenue and margin guidance. 

Persimmon has recruited National Express chief executive Dean Finch as its next CEO to replace David Jenkinson. Finch is expected to join Persimmon at the end of 2020 after more than 10 years in charge at National Express. 

GVC said sport betting was reviving in line with its expectations as events resumed and that it was encouraged by early signs of customers returning to its retail outlets as Covid-19 restrictions are relaxed.

Markets
08:20
FTSE 100 6,273 (-0.74%)
FTSE 250 17,626 (-0.15%)
DAX 12,472 (-0.41%)
the close
Dow Jones 26,156 +0.50%
S&P 500 3,131 +0.43%
NASDAQ 10,131 +0.74%
Fixed Income
UK 10-YR YIELD 0.21
Exchange Rates
GBP/USD 1.250
GBP/EUR 1.105
Commodities
Gold $1,769 +0.10%
Brent $42.80 +1.09%
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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