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Thursday,21 January 2021 at 08:37

U.K. and European stocks advanced amid optimism as President Joe Biden takes office. 


Shares in Asia-Pacific rose after stocks on Wall Street sailed to record highs as U.S. President Joe Biden was sworn into office. 

Gold eased as investors booked profits after prices jumped in the previous session on hopes of a massive U.S. stimulus package under the new Joe Biden administration. 

In corporate news, Sage said it traded in line with expectations as recurring revenue grew strongly. Total revenue rose 1.4% to £447m in the three months to the end of December from a year earlier as recurring revenue increased 4.7% to £408m. 

Ladbrokes and Coral owner Entain reported flat full-year net gaming revenue (NGR), with online gambling offsetting the closures of betting shops due to the Covid-19 pandemic

Markets
At 08:20
FTSE 100 6,760 +0.30%
FTSE 250 20,927 +0.22%
DAX 14,019 +0.70%
At the close
Dow Jones 31,188 +0.83%
S&P 500 3,851 +1.39%
NASDAQ 13,457 +1.97%
Fixed Income
UK 10-YR YIELD 0.295
Exchange Rates
GBP/USD 1.369
GBP/EUR 1.130
Commodities
Gold $1,869 (-0.02%)
Brent $55.72 +0.07%
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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