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Wednesday,16 September 2020 at 16:05

UK and European stocks closed higher as investors awaited the outcome of the U.S. Federal Reserve’s two-day meeting.

US stocks were higher as traders awaited the Federal Reserve’s latest decision on monetary policy. 

The U.S. dollar fell as optimism that the global economy is recovering reduced demand for the currency.

Oil prices rose, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased.

In corporate news, plumbing and heating products distributor Ferguson was one of the top performers, closely followed by credit-checking firm Experian.

Engine maker Rolls-Royce, GKN owner Melrose and British Airways parent IAG were all trading lower.

Markets
At the close
FTSE 100 6,078 (-0.44%)
FTSE 250 17,795 +0.11%
DAX 13,255 +0.29%
At 16:45
Dow Jones 28,203 +0.74%
S&P 500 3,418 +0.52%
NASDAQ 11,206 +0.14%
Fixed Income
UK 10-YR YIELD 0.21
Exchange Rates
GBP/USD 1.298
GBP/EUR 1.097
Commodities
Gold $1,967 +0.71%
Brent $41.96 +3.22%
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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