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Friday,14 January 2022 at 08:24
and European stocks opened lower, following global momentum as a fresh round of hawkish comments from
Federal Reserve officials resurfaced expectations for imminent policy
Stocks in Asia-Pacific markets
were loweras the recent rally in U.S. stocks broke momentum
with the Nasdaq snapping a three-day winning streak.
Oil prices were mixedwith growing
concerns that Washington may soon act to cool prices, while movement controls
in China to rein in a Covid-19 outbreak weighed on fuel demand.
Gold prices gainedas
investors await economic data that could provide clarity about U.S. Federal
Reserve’s tapering policy, while a weaker dollar and Treasury yields supported
In corporate news, electricals retailer Currysreported a fall in sales over the peak Christmas period as a
tough comparator year, uneven customer demand and supply disruption hit
The company said revenue for the 10 weeks to January 8 fell 5% year-on-year but
rose 4% versus 2019 before the Covid pandemic struck. It guided for annual
pre-tax profits of £155m.
At the close
FTSE 100 7,549 (-0.19%)
FTSE 250 22,836 (-0.53%)
DAX 15,902 (-0.80%)
Dow Jones 36,113 (-0.49%)
S&P 500 4,659 (-1.42%)
NASDAQ 14,806 (-2.51%)
UK 10-YR YIELD 1.121
Gold $1,828 +0.32%
Brent $84.92 +1.02%
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.