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Monday,22 February 2021 at 08:28

U.K. and European stocks opened lower amid cautious trade in global markets. 


Stocks in Asia-Pacific mostly declined as China left its benchmark lending rate unchanged over the weekend. 

Oil prices were higher as the slow return of U.S. crude output raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. 

Gold prices edged higher as the U.S. dollar weakened, although higher U.S. Treasury yields capped bullion gains. 

In corporate news, pub group Mitchells & Butlers said it had been burning up to £35m in cash a month since the start of the year as it launched a £351m placing to bolster its balance sheet from the coronavirus pandemic. 

Anglo American updated the market on the strategy of its platinum operations, targeting a mining EBITDA of between 35% and 40% by 2030.

Markets
At 08:20
FTSE 100 6,574 (-0.74%)
FTSE 250 20,868 (-0.80%)
DAX 13,836 (-1.12%)
At the close
Dow Jones 31,494 +0.00%
S&P 500 3,906 (-0.19%)
NASDAQ 13,874 +0.07%
Fixed Income
UK 10-YR YIELD 0.733
Exchange Rates
GBP/USD 1.400
GBP/EUR 1.155
Commodities
Gold $1,793 +0.53%
Brent $63.50 +1.31%
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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