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Monday,12 October 2020 at 16:05

UK stocks were mixed as the government outlined further restrictive measures for England, including a three-tier system of local lockdowns, as it attempts to curb a rapid increase in coronavirus infections.

The dollar held near three-week lows amid optimism about fiscal stimulus in the United States, while the yuan fell after China’s central bank changed its policy on yuan reserves.

Oil prices fell as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta.

Gold prices fell as expectations of a limited U.S. coronavirus relief bill dented the appeal of bullion, which is used as a hedge against likely inflation.

In corporate news, GVC was in the red as it said it would take a £40m profits hit after being awarded four licences to operate in Germany.

Aveva lost ground as the industrial software group said first-half revenue would be broadly in line with expectations and maintained full-year guidance.

Markets
At the close
FTSE 100 6,001 (-0.25%)
FTSE 250 18,167 +0.52%
DAX 13,138 +0.67%
At 16:45
Dow Jones 28,855 +0.94%
S&P 500 3,527 +1.46%
NASDAQ 11,827 +2.13%
Fixed Income
UK 10-YR YIELD 0.27
Exchange Rates
GBP/USD 1.306
GBP/EUR 1.106
Commodities
Gold $1,922 (-0.37%)
Brent $41.52 (-2.95%)
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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