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Wednesday,11 November 2020 at 17:02
UK and European stocks closed higher, continuing to climb as hopes rise over a forthcoming coronavirus vaccine.
The U.S. dollar rose as optimism about a potential vaccine was offset by worries about how the drug will be delivered and by a surge of new infections in the United States.
Oil prices climbed as an industry report showed U.S. crude inventories fell more than expected.
Gold prices fell hurt by a stronger dollar, while optimism around a potential COVID-19 vaccine raised hopes for a quick economic rebound
In corporate news, Flutter Entertainment gained as it upgraded its earnings forecast for business outside the US but said the loss at its American gambling operation would be bigger than expected after it spent to acquire customers.
At the close
FTSE 100 6,382 +1.35%
FTSE 250 19,340 +1.64%
DAX 13,219 +0.43%
Dow Jones 29,502 +0.28%
S&P 500 3,572 +0.76%
NASDAQ 11,730 +1.53%
UK 10-YR YIELD 0.42
Gold $1,862 (-0.76%)
Brent $44.39 +0.93%
Important - No news or research item should be construed as a recommendation to trade. 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.