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Monday,12 October 2020 at 07:29

U.K. and European stocks opened mixed with new lockdown rules for England to be announced later. 

Stocks in Asia-Pacific mostly advanced as investors monitor the Chinese yuan’s movements after the People’s Bank of China announced a rule change that made it cheaper to short the yuan. 

Oil prices traded lower as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end. 

Gold prices edged lower as the U.S. dollar firmed and talks over a new U.S. stimulus package ran into resistance. 

In corporate news, Gambling group GVC said it had been given four betting licenses to operate in Germany. Following expected implementation in early 2021, GVC estimated that group core earnings would be cut by up to £40m on an annualised basis. 

AstraZeneca said that its long-acting Covid-19 antibody combination, AZD7442, would advance into two phase 3 clinical trials in more than 6,000 participants at sites in and outside the US in the coming weeks. The FTSE 100 drug maker said it received support of around $486m (£372.51m) from the U.S. government for the development and supply of AZD7442 under an agreement with Washington’s Biomedical Advanced Research and Development Authority.

At 08:16
FTSE 100 5,997 (-0.31%)
FTSE 250 18,078 +0.02%
DAX 13,084 +0.25%
At the close
Dow Jones 28,586 +0.57%
S&P 500 3,477 +0.88%
NASDAQ 11,579 +1.39%
Fixed Income
UK 10-YR YIELD 0.284
Exchange Rates
GBP/USD 1.304
GBP/EUR 1.104
Gold $1,926 (-0.18%)
Brent $43.32 (-1.08%)
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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