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Monday,11 January 2021 at 17:08

UK and European stocks closed lower as surging coronavirus cases in many countries weighed on investor sentiment.

The dollar edged higher, taking strength from the recent spike in Treasury yields and the prospect of a growth boost from higher U.S. fiscal stimulus.

Oil prices fell on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China.

Gold eased, clamped down by a firm dollar and higher U.S. Treasury yields due to hopes of more fiscal stimulus.

JD Sports Fashion rallied after saying it was confident headline pre-tax profit for the year to 30 January 2021 will be "significantly" ahead of current market expectations of around £295m as demand has remained robust throughout the second half, including in the key months of November and December.

Markets
At the close
FTSE 100 6,798 (-1.09%)
FTSE 250 20,776 (-1.37%)
DAX 13,936 (-0.80%)
At 17:00
Dow Jones 31,037 (-0.19%)
S&P 500 3,810 (-0.37%)
NASDAQ 13,103 (-0.75%)
Fixed Income
UK 10-YR YIELD 0.31
Exchange Rates
GBP/USD 1.351
GBP/EUR 1.110
Commodities
Gold $1,849 +0.11%
Brent $55.56 (-1.23%)
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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