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Friday,26 June 2020 at 16:12
UK and European markets closed mostly lower amid concern over surging coronavirus cases in the U.S.
The safe-haven dollar rose as investors grew cautious about a resurgence in U.S. coronavirus cases that has cast doubts on expectations about a V-shaped recovery for the world’s largest economy.
Oil prices dipped, erasing earlier gains, as concerns about rising new coronavirus cases in the United States and China and expectations of U.S. output ticking up while crude stockpiles linger at record highs.
Gold prices edged up en route to a third straight weekly gain, as a spike in coronavirus cases dashed hopes of a quick economic recovery.
In corporate news, Smiths Group was the standout gainer on the index, closely followed by Spirax-Sarco Engineering.
On the downside, JD Sports Fashion was under the cosh, with traders pointing to negative read-across from quarterly results from Nike.
At the close
FTSE 100 6,159 +0.20%
FTSE 250 17,113 +0.01%
DAX 12,096 (-0.67%)
Dow Jones 25,155 (-2.29%)
S&P 500 3,025 (-1.90%)
NASDAQ 9,844 (-1.72%)
UK 10-YR YIELD 0.175
Gold $1,765 +0.13%
Brent $40.55 (-2.10%)
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.