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Tuesday,12 January 2021 at 17:18

UK and European stocks closed mixed as investors remain focused on the latest coronavirus developments and the state of U.S. politics.

The U.S. dollar edged lower, as its recent rally appeared to run out of steam.

Oil rose as tighter supply and expectations of a drop in U.S. inventories offset concerns over climbing coronavirus cases globally.

Gold climbed higher with support from bets on higher inflation as Washington rolls out more stimulus.

In corporate news, Fresnillo was the worst performer on the index, while retailer JD Sports fell, having gained on Monday after it said full-year profit was set to be "significantly" ahead of market expectations.

B&Q owner Kingfisher rallied after saying it expected current year profits to be at the top end of forecasts as fourth quarter like-for-like sales rose 16.9%, driven by people purchasing online. Current sell-side analyst expectations for full-year adjusted profit before tax is £667m to £742m, according to company-compiled consensus estimates.

Markets
At the close
FTSE 100 6,754 (-0.65%)
FTSE 250 20,712 (-0.30%)
DAX 13,925 (-0.08%)
At 17:00
Dow Jones 30,997 (-0.03%)
S&P 500 3,797 (-0.07%)
NASDAQ 13,061 +0.19%
Fixed Income
UK 10-YR YIELD 0.35
Exchange Rates
GBP/USD 1.363
GBP/EUR 1.120
Commodities
Gold $1,841 +0.02%
Brent $56.46 +1.58%
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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