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Tuesday,19 January 2021 at 17:13
UK and European stocks were mixed as investors monitor hopes for economic recovery.
The dollar dropped as investors prepared for U.S. Treasury Secretary nominee Janet Yellen to talk up the need for major fiscal stimulus and commit to a market-determined exchange rate.
Oil prices climbed on optimism that government stimulus will eventually lift global economic growth and oil demand.
Gold edged up as the dollar weakened ahead of U.S. Treasury Secretary nominee Janet Yellen’s speech later in the day, with prospects for more fiscal stimulus buoying bullion’s appeal as an inflation hedge.
In corporate news, HSBC was among the top risers after chairman Mark Tucker said at the Asian Financial Forum on Monday that the bank hopes to resume paying dividends as soon as possible.
Going the other way, Entain shares tumbled after MGM Resorts International said it won’t go ahead with an offer for the Ladbrokes owner, after its initial approach was rejected.
At the close
FTSE 100 6,712 (-0.11%)
FTSE 250 20,602 (-0.18%)
DAX 13,815 (-0.24%)
Dow Jones 30,957 +0.47%
S&P 500 3,791 +0.61%
NASDAQ 13,115 +0.90%
UK 10-YR YIELD 0.29
Gold 1,840 +0.18%
Brent 55.80 +1.97%
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.