Tuesday,23 February 2021 17:10:49

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Tuesday,23 February 2021 at 17:18

U.K. and European stocks closed mixed after a choppy day’s trade, with tech stocks following their global counterparts lower on fears over rising bond yields.

U.S. stocks were lower as technology stocks extended their declines.

Oil prices were steady on signs that global coronavirus restrictions were being eased.

Gold eased as the U.S. dollar firmed and as investors turned cautious ahead of the U.S. Federal Reserve Chairman Jerome Powell’s testimony to Congress later in the day.

In equity markets, HSBC closed lower as it reported a 34% slump in annual profits, but resumed dividend payments as it said it would refocus operations on China.

Online supermarket Ocado and Just Eat, both of which have benefitted from lockdowns and restrictions, lost ground.

Markets

At the close

FTSE 100 6,652 +0.21%

FTSE 250 21,057 +0.37%

DAX 13,864 (-0.61%)

At 17:00

Dow Jones 31,401 (-0.38%)

S&P 500 3,847 (-0.74%)

NASDAQ 13,266 (-1.97%)

Fixed Income

UK 10-YR YIELD 0.719

Exchange Rates

GBP/USD 1.409

GBP/EUR 1.160

Commodities

Gold $1,808 (-0.04%)

Brent $65.22 (-0.88%)

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.