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Tuesday,30 June 2020 at 07:33

U.K and European stocks were mixed at the open with investors likely to be buoyed by a further sign of an economic recovery in China. 


Stocks in Asia Pacific rose as China’s official manufacturing Purchasing Manager’s Index for June came in above expectations. 

Oil prices fell as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market. 

Gold prices held steady as fears over rising coronavirus cases around the world boosted demand for the safe-haven metal. 

In corporate news, Shell said it expected a $20bn - $27bn reduction to second quarter pre-tax profits from impairments after revising its outlook for commodity prices and margin outlook amid the Covid-19 pandemic. 

InterContinental Hotels said revenue per available room fell 75% in the second quarter but that the trend was improving and 90% of its hotels were now open.

Markets
08:23
FTSE 100 6,205 (-0.33%)
FTSE 250 17,173 (-0.15%)
DAX 12,249 +0.14%
the close
Dow Jones 25,595 +2.32%
S&P 500 3,053 +1.47%
NASDAQ 9,874 +1.20%
Fixed Income
UK 10-YR YIELD 0.15
Exchange Rates
GBP/USD 1.227
GBP/EUR 1.094
Commodities
Gold $1,772 +0.01%
Brent $41.62 (-0.14%)
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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