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Monday,22 February 2021 at 16:56
U.K. and European stocks retreated amid cautious trade in global markets.
U.S. Stocks fell while commodity prices rallied, as rising Treasury yields, and expectations of higher inflation weighed on equity prices.
Oil prices were higher as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation.
Gold traded higher shrugging off a jump in yields, with investors opting for the precious metal as a hedge against inflation.
In corporate news, G4S slumped after Canadian security services firm GardaWorld said it will not raise its offer for the company, paving the way for Allied Universal to buy the London-listed security services firm for 245p a share.
Dechra Pharmaceuticals said that reported group revenues and operating profits had both increased throughout the six months ended 31 December.
Markets
At the close
FTSE 100 6,612 (-0.18%)
FTSE 250 20,981 (-0.26%)
DAX 13,950 (-0.31%)
At 16:50
Dow Jones 31,497 +0.01%
S&P 500 3,884 (-0.56%)
NASDAQ 13,643 (-1.67%)
Fixed Income
UK 10-YR YIELD 0.679
Exchange Rates
GBP/USD 1.406
GBP/EUR 1.157
Commodities
Gold $1,810 +1.50%
Brent $64.56 +3.02%
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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