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Friday,11 September 2020 at 16:13
UK and European markets closed mostly higher as investors monitored tense negotiations between the U.K. and the European Union.
The dollar gained as jitters in equity markets had investors sticking to safer assets.
Oil prices fell, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.
Gold prices dipped after the European Central Bank stopped short of offering any concrete signals on further stimulus, but lingering economic uncertainties kept the metal on track for a weekly rise.
In corporate news, Anglo American was higher after De Beers reported early signs of recovering diamond sales demand.
Rio Tinto was trading up as it announced that chief executive Jean-Sébastien Jacques has resigned after the company’s board yielded to shareholder pressure over the destruction of sacred 46,000-year-old rock shelters in Western Australia.
At the close
FTSE 100 6,032 +0.48%
FTSE 250 17,555 (-0.10%)
DAX 13,202 (-0.05%)
Dow Jones 27,697 +0.59%
S&P 500 3,350 +0.33%
NASDAQ 10,919 +0.01%
UK 10-YR YIELD 0.18
Gold $1,949 +0.18%
Brent $40.07 +0.93%
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.