Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Tuesday,13 October 2020 at 16:14

UK and European stocks retreated as investors digested the start of U.S. earnings season and coronavirus developments.

The U.S. dollar strengthened as investors turned cautious after a Johnson & Johnson Covid-19 study was paused.

Oil prices rebounded as robust data from China offset returning supply in Norway, the Gulf of Mexico and Libya.

Gold fell as the dollar rallied on an impasse over U.S. stimulus and as investors latched onto a slightly less stark economic report card from the International Monetary Fund.

Experian was a high riser after Credit Suisse upped its price target on the credit-checking firm to 3,600p from 3,450p as it lifted its earnings per share estimates by 2-4% for FY22-23 to reflect strong growth in Brazilian and North American B2C.

SSE was also a high riser after agreeing 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. 

At the close
FTSE 100 5,969 (-0.53%)
FTSE 250 17,891 (-1.52%)
DAX 13,018 (-0.91%)
At 16:50
Dow Jones 28,752 (-0.30%)
S&P 500 3,526 (-0.21%)
NASDAQ 11,940 +0.54%
Fixed Income
UK 10-YR YIELD 0.24
Exchange Rates
GBP/USD 1.297
GBP/EUR 1.104
Gold $1,895 (-1.40%)
Brent $42.40 +1.56%
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.
Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH Copyright © 2009 - 2020 Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange