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Wednesday,13 January 2021 at 17:08
UK and European stocks closed mixed as investors monitor vaccine rollouts and coronavirus containment measures.
The dollar traded back in positive territory as treasury yields stabilised, though investors remained bearish on the currency’s near-term prospects.
Oil prices were lower, under pressure as rising global COVID-19 cases threatened global fuel demand.
Gold eked out gains, underpinned by data showing a rise in consumer prices in the United States and expectations that more fiscal stimulus could trigger higher inflation.
In corporate news, Just Eat Takeaway was on the back foot even as it said revenue rose by more than 50% in 2020 after UK delivery orders increased 387% in the fourth quarter. Analyst Connor Campbell said that while the results might look good at a glance, growth in the second half of 2020 came at a cost, with underlying profit margins dropping from 42% in H1 to 10% for the full year, "reflecting the substantial investments made in Q4".
At the close
FTSE 100 6,745 (-0.13%)
FTSE 250 20,616 (-0.47%)
DAX 13,939 +0.11%
Dow Jones 31,062 (-0.02%)
S&P 500 3,809 +0.23%
NASDAQ 13,157 +0.65%
UK 10-YR YIELD 0.31
Gold $1,857 +0.18%
Brent $56.16 (-0.99%)
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.