Friday,22 January 2021 08:46:09

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Friday,22 January 2021 at 08:58

U.K. and European markets opened lower as investors monitor prospects for economic recovery and the spread of the coronavirus, and await key data from the eurozone.

Stocks in Asia-Pacific traded lower, with Hong Kong’s Hang Seng index leading losses among the region’s major markets.

Oil prices were lower weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.

Gold eased as U.S. Treasury yields edged higher, although prices were set to post their best week in five helped by a weaker dollar and further stimulus bets.

In corporate news, IT provider Kainos Group lifted full-year guidance as it reported strong trading momentum towards the end of 2020.

Computacenter lifted full-year profits guidance after trading continued strongly until the end of the year.

Next has dropped out of the running to bid for Arcadia’s Topshop over price.

Markets

At 08:31

FTSE 100 6,673 (-0.63%)

FTSE 250 20,690 (-0.50%)

DAX 13,823 (-0.60%)

At the close

Dow Jones 31,176 (-0.04%)

S&P 500 3,853 +0.03%

NASDAQ 13,530 +0.55%

Fixed Income

UK 10-YR YIELD 0.333

Exchange Rates

GBP/USD 1.366

GBP/EUR 1.123

Commodities

Gold $1,861 (-0.44%)

Brent $55.28 (-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.