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Thursday,19 November 2020 at 17:07
UK and European stocks pulled back as a rally prompted by positive vaccine news starts to peter out amid renewed fears of lockdowns due to rising coronavirus cases.
The dollar rose as investors grew cautious about the persistent rise in coronavirus infections that forced localised lockdowns around the world.
Oil futures eased, surrendering some gains from the previous day as tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.
In corporate news, Johnson Matthey was weaker after it reported a slump in first-half pre-tax profit as the coronavirus pandemic dented demand but said it expects a "materially stronger" second half.
Kingfisher lost ground even as it posted a strong rise in third-quarter sales as consumers spent the coronavirus lockdown improving their homes.
Halma was in the black after the safety equipment maker revised its full-year profit forecasts and lifted its interim dividend as order intake in the second half increased year-on-year.
At the close
FTSE 100 6,334 (-0.80%)
FTSE 250 19,507 (-0.98%)
DAX 13,085 (-0.88%)
Dow Jones 29,310 (-0.43%)
S&P 500 3,560 (-0.20%)
NASDAQ 11,859 +0.49%
UK 10-YR YIELD 0.33
Gold $1,859 (-0.68%)
Brent $43.94 (-0.41%)
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.