Friday,19 February 2021 08:31:37

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Friday,19 February 2021 at 08:36

U.K. and European markets opened mixed as investors monitor rising bond yields, corporate earnings, and a batch of key economic data out of the eurozone.

Stocks in Asia-Pacific were mixed following overnight declines for the major indexes on Wall Street.

Oil prices were lower on worries that refineries shut by a big freeze in the U.S. South will take some time to revive operations.

Gold prices fell as recent strength in U.S. Treasury yields dented the non-yielding metal’s appeal.

In corporate news, NatWest said it was pulling out of the Republic of Ireland as the bank reported a smaller than expected annual loss. NatWest said it agreed to sell €4bn of commercial loans to Allied Irish banks as a first step towards withdrawing from the Irish market. Its business in Northern Ireland will not be affected.

Markets

At 08:25

FTSE 100 6,611 (-0.09%)

FTSE 250 20,956 +0.11%

DAX 13,927 +0.29%

At the close

Dow Jones 31,493 (-0.38%)

S&P 500 3,913 (-0.44%)

NASDAQ 13,865 (-0.72%)

Fixed Income

UK 10-YR YIELD 0.626

Exchange Rates

GBP/USD 1.398

GBP/EUR 1.154

Commodities

Gold $1,774 (-0.04%)

Brent $63.04 (-0.66%)

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.