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Wednesday,14 October 2020 at 16:14
UK and European stocks closed slightly lower as coronavirus concerns weighed on global markets.
The dollar index retreated as global equity markets remained cautious in light of waning hopes for a COVID-19 vaccine or U.S. fiscal stimulus.
Oil prices strengthened as the dollar traded lower, even as concerns loomed that recovery in fuel demand will be stalled by soaring global coronavirus cases.
Gold gained as the dollar weakened and uncertainties surrounding the U.S. election and global economic recovery boosted the safe haven metal’s allure.
Just Eat was a riser after the food-ordering firm reported a 46% year-on-year rise in orders during the third quarter, driven by continuing coronavirus curbs.
Barratt Developments was also trading higher after the housebuilder said it continued to see strong demand for homes after the easing of coronavirus lockdown measures in June with an increase in its sales rate from July 1 to October 11.
At the close
FTSE 100 5,935 (-0.58%)
FTSE 250 17,950 +0.33%
DAX 13,028 +0.07%
Dow Jones 28,556 (-0.43%)
S&P 500 3,497 (-0.41%)
NASDAQ 11,813 (-0.43%)
UK 10-YR YIELD 0.22
Gold $1,903 +0.76%
Brent $43.09 +1.53%
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.