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Thursday,07 January 2021 at 09:14

U.K. and European stocks traded higher following a projected win for Democrats in the U.S. Senate after dramatic scenes when pro-Trump rioters stormed the U.S. Capitol building. 

Stocks in Asia-Pacific were higher after the Dow Jones Industrial Average surged to an all-time high overnight despite unrest in Washington. Shares of Chinese telecommunications firms listed in Hong Kong fell after the New York Stock Exchange made yet another U-turn on its decision to delist the firms. 

Oil prices were steady with investors focusing on the likelihood of tighter supplies after Saudi Arabia unilaterally agreed to cut output. 

Gold prices were relatively flat as firmer Treasury yields eclipsed support from a Democrat sweep in the Georgia Senate runoffs, which had boosted hopes for more stimulus. 

In corporate news, Sainsbury’s reported a 9.3% rise in like-for-like sales over the festive period as shoppers treated themselves to champagne and steaks in response to restrictions on the size of gatherings. 

B&M European Value Retail said revenue increased 22.5% to £1.4bn in the third quarter on a constant currency basis and it would pay a special dividend of 20p a share.

At 08:35
FTSE 100 6,845 +0.06%
FTSE 250 20,909 (-0.31%)
DAX 13,961 +0.50%
At the close
Dow Jones 30,829 +1.44%
S&P 500 3,748 +0.57%
NASDAQ 12,740 (-0.61%)
Fixed Income
UK 10-YR YIELD 0.261
Exchange Rates
GBP/USD 1.360
GBP/EUR 1.105
Gold $1,920 +0.12%
Brent $54.60 +0.87%
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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