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Wednesday,16 September 2020 at 07:30

U.K. and European stocks opened in mixed territory as investors await the outcome of a two-day meeting of the U.S. Federal Reserve’s Federal Open Market Committee (FOMC). 


Stocks in Asia-Pacific were mixed in as investors awaited the Federal Open Market Committee’s quarterly update. 

Oil prices were higher as a hurricane disrupted U.S. offshore oil and gas production and an industry report showed a big drop in U.S. crude stockpiles. 

In corporate news, full-year profits at housebuilder Redrow slumped by 66% due to the coronavirus and associated lockdowns although reservations were up in the first 11 weeks of the new fiscal year and it expected to resume dividend payments in 2021. 

Rightmove revealed on Tuesday that chief executive Peter Brooks-Johnson had disposed of 171,022 ordinary shares in the FTSE 100-listed real estate portal operator.

Markets
At 08:21
FTSE 100 6,103 (-0.04%)
FTSE 250 17,778 (-0.21%)
DAX 13,224 +0.05%
At the close
Dow Jones 27,995 +0.01%
S&P 500 3,401 +0.52%
NASDAQ 11,190 +1.21%
Fixed Income
UK 10-YR YIELD 0.209
Exchange Rates
GBP/USD 1.288
GBP/EUR 1.087
Commodities
Gold $1,963 +0.50%
Brent $41.28 +1.50%
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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