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Friday,08 January 2021 at 08:47

U.K. and European markets traded higher as global investors anticipate that a Democratic-controlled U.S. government will lead to greater fiscal support. 


Shares in Asia-Pacific were mostly higher after stocks on Wall Street reached new record highs overnight. 

Oil prices held near 11-month highs and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment. 

Gold inched lower as the U.S. dollar and Treasury yields firmed. 

In corporate news, food and clothing retailer Marks & Spencer reported a fall in third-quarter revenue as it warned the latest U.K. Covid lockdown would hit sales and the Brexit trade deal would “significantly impact” some of its European operations. 

Barratt Developments said it planned to restart dividends as the housebuilder reported strong trading in the first half. Forward sales in the six months to the end of December rose 14.3% to 13,588 homes from a year earlier at a value of £3.2bn - up 19.4%.

Markets
AT 08:20
FTSE 100 6,878 +0.31%
FTSE 250 21,159 +0.71%
DAX 14,097 +0.93%
At the close
Dow Jones 31,041 +0.69%
S&P 500 3,803 +1.48%
NASDAQ 13,067 +2.56%
Fixed Income
UK 10-YR YIELD 0.285
Exchange Rates
GBP/USD 1.356
GBP/EUR 1.109
Commodities
Gold $1,890 (-1.18%)
Brent $54.76 +0.44%
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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