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Tuesday,12 December 2023 at 16:55
UK and European markets ticked lower as global investors digested the latest U.S. inflation reading and eyed the start of the Federal Reserve policy meeting.
The dollar pared losses after data showed that U.S. consumer price inflation rose 0.1% in November, above economists expectations for no change during the month.
U.S. crude oil prices dropped as traders worries that the Federal Reserve does not yet have inflation under control.
Gold prices were flat while traders’ focus shifted to key central bank policy meetings for further clarity on monetary policy path.
Pfizer said on Tuesday that it has now received all regulatory approvals needed to close its $43bn acquisition of Seagen after agreeing to donate the rights of royalties from sales of its Bavencio cancer drug.
In order to address US Federal Trade Commission concerns, Pfizer has chosen to donate the rights in the US to the American Association for Cancer Research (AACR).
Markets
At the close
FTSE 100 7,542 (-0.03%)
FTSE 250 18,662 (-0.47%)
DAX 16,791 (-0.02%)
At 16:50
Dow Jones 36,508 +0.28%
S&P 500 4,627 +0.11%
NASDAQ 14,462 +0.21%
Fixed Income
UK 10-YR YIELD 3.973
Exchange Rates
GBP/USD 1.255
GBP/EUR 1.163
Commodities
Gold $1,979 (-0.07%)
Brent $73.23 (-3.70%)
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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