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Tuesday,17 November 2020 at 08:38

U.K. and European stocks opened flat despite a backdrop of more positive coronavirus vaccine news from Moderna on Monday. 


Asia-Pacific shares were mixed even as vaccine hopes once again lifted Wall Street to record highs. Airline stocks in the region got a boost. 

The U.S. dollar steadied against most currencies as a return of coronavirus restrictions in some U.S. states and worries about a smooth transition for President-elect Joe Biden offset optimism about a coronavirus vaccine. 

Oil prices edged higher on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine. 

Gold traded relatively flat while investors weighed concerns over spiking coronavirus cases globally against optimism over positive developments around a second possible Covid-19 vaccine. 

In corporate news, low-cost airline easyJet said it swung to an enormous £1.3bn annual loss, revealing the full extent of the havoc caused by the coronavirus pandemic as capacity almost halved. 

Global information services giant Experian delivered a 2% rise in organic revenue growth for the six months to the 30th September.

Markets
At 08:25
FTSE 100 6,411 (-0.15%)
FTSE 250 19,596 (-0.06%)
DAX 13,135 (-0.02%)
At the close
Dow Jones 29,950 +1.60%
S&P 500 3,626 +1.16%
NASDAQ 11,924 +0.80%
Fixed Income
UK 10-YR YIELD 0.354
Exchange Rates
GBP/USD 1.321
GBP/EUR 1.113
Commodities
Gold $1,887 +0.00%
Brent $43.97 +0.16%
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.
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