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Tuesday,13 October 2020 at 07:47

U.K. and European stocks opened fairly flat with investors waiting for earnings season to kick off in the U.S., while watching the latest China data and coronavirus developments. 


Trading in Hong Kong was suspended due to Typhoon Nangka, while other Asia-Pacific markets were mixed

Oil prices were steady as supplies began to resume in Norway, the U.S. Gulf of Mexico and Libya, while the IEA forecast a 5% fall in global energy demand in 2020. 

Gold prices were lower with a slight rebound in the U.S. dollar, while investors clung to hopes of a U.S. stimulus package being eventually released. 

In corporate news, SSE said it had agreed to sell its 50% share in its Multifuel energy-from-waste ventures to Australian fund manager First Sentier Investors for £995m in cash as part of its £2bn disposal programme. 

A shareholder motion calling for mining giant BHP to stop the activity that could desecrate or destroy Aboriginal cultural heritage sites has been withdrawn, the company said on Tuesday.

Markets
At 08:23
FTSE 100 5,968 (-0.55%)
FTSE 250 18,071 (-0.53%)
DAX 13,106 (-0.24%)
At the close
Dow Jones 28,837 +0.88%
S&P 500 3,534 +1.64%
NASDAQ 11,876 +2.56%
Fixed Income
UK 10-YR YIELD 0.275
Exchange Rates
GBP/USD 1.302
GBP/EUR 1.105
Commodities
Gold $1,916 (-0.30%)
Brent $41.74 (-0.02%)
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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