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Monday,29 June 2020 at 16:24

U.K. and European markets closed higher as investors digested the rising coronavirus death toll and spiking cases in the U.S., while data from the eurozone and progress on potential treatment options offered some cause for optimism. 

The U.S. dollar fell versus peers as U.S. stocks opened higher, indicating improving risk sentiment despite a rise in coronavirus cases. 

Gold prices steadied as increasing cases of coronavirus kept the precious metal in demand. 

In corporate news, BP has agreed to sell its petrochemicals business to chemicals company Ineos for $5bn. The oil giant said the sale will further strengthen its balance sheet and deliver its $15bn target for agreed divestments a year earlier than originally scheduled. 

The Restaurant Group's creditors have voted in favour of a company voluntary arrangement (CVA) that will close 125 eateries and allow the company to seek cheaper rents for other sites in its Frankie & Benny's chain.

the close
FTSE 100 6,225 +1.08%
FTSE 250 17,198 +0.50%
DAX 12,232 +1.18%
Dow Jones 25,457 +1.77%
S&P 500 3,041 +1.09%
NASDAQ 9,824 +0.69%
Fixed Income
UK 10-YR YIELD 0.16
Exchange Rates
GBP/USD 1.227
GBP/EUR 1.091
Gold $1,769 (-0.05%)
Brent $41.35 +1.65%
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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