Wednesday,17 February 2021 08:29:26

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Wednesday,17 February 2021 at 08:33

U.K. and European stocks opened lower as investors monitor rising bond yields.

Stocks in Asia-Pacific were mixed as investors monitored bond yields following a recent rise.

Oil prices were steady amid Texas supply disruptions and expectations that the OPEC+ producers may ease their output curbs after April.

Gold prices fell to their lowest in nearly two weeks as the U.S. dollar firmed.

In corporate news, Rio Tinto delivered a record dividend to shareholders as soaring iron ore prices last and demand from China drove full-year profits sharply higher.

British American Tobacco reported adjusted revenue of £25.78bn, up 3.3%, as the company absorbed" an estimated 2.5% headwind from the Covid-19 pandemic.

Markets

At 08:25

FTSE 100 6,720 (-0.41%)

FTSE 250 21,348 (-0.32%)

DAX 13,978 (-0.62%)

At the close

Dow Jones 31,522 +0.20%

S&P 500 3,932 (-0.06%)

NASDAQ 14,047 (-0.34%)

Fixed Income

UK 10-YR YIELD 0.621

Exchange Rates

GBP/USD 1.388

GBP/EUR 1.149

Commodities

Gold $1,789 (-0.24%)

Brent $63.94 +0.63%

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.