Monday,17 January 2022 08:25:19

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Monday,17 January 2022 at 08:26

UK and European stocks opened higher as global markets digest the latest growth data out of China.

Asia-Pacific shares climbed as official data showed the economy in China, the world’s second largest, grew faster than expected between October and December.

Oil prices edged up as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the omicron coronavirus variant.

Gold prices eased as U.S. Treasury yields gained on hawkish signals from the Federal Reserve.

In corporate news, Hikma Pharmaceuticals said it had agreed to buy the Canadian assets of Teligent for $45.75m after the US firm filed for Chapter 11 bankruptcy last year.

Property investor and developer Capital & Counties said that an independent valuation of its Covent Garden assets had revealed that the property's value had increased by 4.6% to £1.7bn in the second half of the year.

Markets

At the close

FTSE 100 7,586 +0.59%

FTSE 250 22,771 +0.12%

DAX 15,936 +0.33%

At 08:15

Dow Jones 35,911 (-0.56%)

S&P 500 4,662 +0.08%

NASDAQ 14,893 +0.59%

Fixed Income

UK 10-YR YIELD 1.168

Exchange Rates

GBP/USD 1.168

GBP/EUR 1.197

Commodities

Gold $1,822 +0.29%

Brent $86.09 +2.43%

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.