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Tuesday,18 January 2022 at 08:28

UK and European stocks opened lower as global investors remain attuned to the policy direction of the U.S. Federal Reserve and the start of corporate earnings season.

Asia-Pacific markets lost momentum afternoon as major indexes across the region erased earlier gains, but oil prices trended higher.

Oil prices rose by greater than $1 to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.

Gold prices eased as investors looked for clues about the Federal Reserve’s interest rate hike timeline from its policy meeting next week.

In corporate news, landscaping specialist Marshalls lifted full-year guidance after a strong final quarter of the last fiscal year which helped drive a 26% increase in annual revenue.

The company, which supplies the domestic and commercial hard landscaping markets, said it expected 2021 trading to be “slightly ahead of its previous view”, adding that its order intake was 13% higher than last year excluding the impact of price rises. 

Markets
At the close
FTSE 100 7,565 (-0.59%)
FTSE 250 22,707 (-0.72%)
DAX 15,829 (-0.66%)
At 08:20
Dow Jones 35,911 +0.00%
S&P 500 4,662 +0.00%
NASDAQ 14,893 +0.00%
Fixed Income
UK 10-YR YIELD 1.201
Exchange Rates
GBP/USD 1.364
GBP/EUR 1.196
Commodities
Gold $1,814 (-0.26%)
Brent $87.72 +1.43%
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.

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