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Monday,17 January 2022 at 08:26
UKand European stocks opened higher as global markets digest the latest growth data out of China.
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 easedas
U.S. Treasury yields gained on hawkish signals from the Federal Reserve.
In corporate news, Hikma
Pharmaceuticalssaid it had agreed to buy the Canadian assets
of Teligent for $45.75m after the US firm filed for Chapter 11 bankruptcy last
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.
At the close
FTSE 100 7,586 +0.59%
FTSE 250 22,771 +0.12%
DAX 15,936 +0.33%
Dow Jones 35,911 (-0.56%)
S&P 500 4,662 +0.08%
NASDAQ 14,893 +0.59%
UK 10-YR YIELD 1.168
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.