Friday,13 November 2020 08:29:50

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Friday,13 November 2020 at 08:33

U.K. and European markets opened lower as worries about rising coronavirus cases returned.

Stocks in Asia-Pacific were mixed as coronavirus cases continue to surge in the U.S., dimming optimism from positive vaccine news.

Oil prices were lower pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in Covid-19 infections.

Gold prices inched higher as fears over the economic fallout from mounting cases of Covid-19 overshadowed hopes of a vaccine.

In corporate news, Galliford Try said it would reinstate its interim dividend as the construction group predicted it would return to profit in the first half.

Hipgnosis Songs Fund Limited has acquired a 50% share of the music catalogue of Grammy Award-winning songwriter, record producer, and punk-funk inventor, Rick James for an undisclosed sum.

Markets

At 08:25

FTSE 100 6,295 (-0.68%)

FTSE 250 19,233 (-0.36%)

DAX 13,015 (-0.29%)

At the close

Dow Jones 29,080 (-1.08%)

S&P 500 3,537 (-1.00%)

NASDAQ 11,709 (-0.65%)

Fixed Income

UK 10-YR YIELD 0.328

Exchange Rates

GBP/USD 1.315

GBP/EUR 1.113

Commodities

Gold $1,878 +0.08%

Brent $43.04 (-0.46%)

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.